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Billionaire Rakesh Jhunjhunwala Dies Today Live Updates: The stock market was left in shock when the news of veteran investor Rakesh Jhunjhunwala’s death made headlines on Sunday morning. The billionaire whose net worth was $5.8 billion according to Forbes, died at the age of 62 in Mumbai. According to a PTI report, he died due to cardiac arrest. Also Read: Rakesh Jhunjhunwala Dies At 62; Ace investor was known as Warren Buffett of India Also known as India’s Warren Buffet, Jhunjhunwala had recently teamed up with former Jet Airways CEO Vinay Dube and former IndiGo chief Aditya Ghosh to launch…

One of the best ways for ETF investors to beat the market this year has been to play it safe. So-called buffer ETFs, an options-based product that allows investors to protect against losses in exchange for limiting upside potential, have handily outperformed the S&P 500 in 2022, even with the recent market rally. For example, the Buffer Series offering Innovator ETFs shows consistent outperformance for funds linked to the SPDR S&P 500 ETF Trust (SPY). The Innovator US Equity Buffer January ETF ( BJAN ), which rebalanced just before the market hit record highs, is down 5.8% this year compared…

Annuities have previously gotten a bad rap for offering too many fees and being too complicated. But this year, they hit their stride. Annuity sales rose 22% to a record $77.5 billion in the second quarter of 2022, according to preliminary data from Limra. It’s the most money investors have poured into the asset since Limra has been tracking sales, surpassing the previous record set during the Great Recession in 2008 by $9 billion. Much of this selling boom has been driven by anxiety about market performance, rising interest rates and fear of an upcoming recession. In the first half…

The country’s hospitals are facing an unprecedented situation financial losses as labor shortages, wage pressures and inflation follow a global pandemic, and the same is true in Montana. Record hospitalizations during the spike in COVID-19 infections led to burnout among nurses and frontline workers, leading to an exodus from the field. To fill in, hospital administrators have resorted to itinerant or contracted staff, whose wages cost at least three times more than permanent workers. During the first quarter of 2022, Bozeman Health reached its financial barrier, according to Brad Ludford, Bozeman Health’s chief financial officer. By June, the hospital was…

Anshu Jain, a veteran investment banker who led Deutsche Bank during a tumultuous time in the German lender’s history, has died. He was 59 years old. Jain has been credited with helping build Deutsche Bank’s investment banking business, turning the once sleepy German bank into a global trading powerhouse. When Jain became co-CEO in 2012 along with Jürgen Fitschen, the investment banking division he led accounted for about 75% of the bank’s profits. But the bank’s risk-taking and loose spending on bank bonuses backfired in the wake of the financial crisis, making Deutsche Bank a prime target for global regulators….