The Daily

The 60/40 portfolio, that trusty warhorse of institutional investing, is looking increasingly like a horse with a limp. Russ Koesterich, the portfolio manager behind BlackRock’s Global Allocation Fund, is making the case that bonds have essentially stopped doing the one job investors kept them around for: protecting portfolios when stocks stumble.

His preferred replacement?

 » Read more about: BlackRock’s Koesterich sees energy stocks as top portfolio diversifier  »

 » Read more about: NVIDIA's Biggest Earnings Bet Yet: $733 Billion in AI Spending vs Market That's Already Priced It In  »

TORONTO, Aug. 18, 2026 /CNW/ – TD Asset Management Inc. (“TDAM”), the manager of TD Exchange-Traded Funds (TD ETFs), has announced the launch of TD Target 2031 Investment Grade Bond Fund – ETF Series (“TBCK”), which begins trading today on the Toronto Stock Exchange.

Part of the broader TD Target Maturity Bond ETFs suite,

 » Read more about: TD Asset Management Inc. expands its TD Target Maturity Bond ETFs lineup with new TD Target 2031 Investment Grade Bond Fund – ETF Series (“TBCK”)  »

If you count on Social Security as part of your retirement plan, an unexpected drop in your monthly deposit can be unsettling. But when your August check comes in smaller than the benefit amount on your award letter — or smaller than what you received a few months ago — it usually isn’t a mistake.

 » Read more about: Is Your August Social Security Check Smaller Than Expected? Here's Why  »

If your income is over certain levels, the federal government will take a slice of your Social Security benefits at tax time. States handle taxes for Social Security differently, however.

Forty-two states exempt Social Security from state taxes but eight do not and even those rules vary from place to place.

 » Read more about: 8 states tax Social Security benefits, 42 don’t: Here’s the list  »

 » Read more about: He Withdrew $70,000 From His 401(k) and Earned $10,000 Welding. Social Security Counted Only the Smaller Number.  »

The word “Goldilocks” is meme-ing out in US markets right now.

It’s a reference to how recent economic data has been neither too cold nor too hot. The labor market and consumer spending have been cooling lately, while inflation has remained relatively mild.

For the purposes of keeping interest rates on hold,

 » Read more about: The stock market's Goldilocks moment has one big problem  »

BHARAT Bond ETF – April 2033 led this category with a 3-year CAGR of 8.1%. See how the five leading funds compared.

 » Read more about: Best-performing debt ETFs: Top 5 schemes by 3-year CAGR returns  »

US stock futures fell on Tuesday as rising tensions between the US and Iran revived inflation concerns, with elevated oil prices adding pressure.

Futures on the Dow Jones Industrial Average (YM=F) slid 0.2%, while those on the S&P 500 (ES=F) declined 0.5%.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures extend losses amid US-Iran tensions  »

Shakira announced on Monday that she will mobilise funding to rebuild the Technological University of Chocó, damaged by the earthquake that struck Colombia on 10 August, as well as around ten non-university educational centres in one of the five departments worst affected by the quake.

The Barranquilla-born artist’s donation will not be made directly.

 » Read more about: Shakira and Warren Buffett's son announce rebuilding of schools in Chocó  »