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Chinese Food-Delivery Billionaire Wang Xing Suffers $6.6 Billion Wealth Plunge As Growth Wanes

The 44-year-old mogul still has a sizeable net worth of $9.3 billion, but he is having trouble convincing investors skeptical of the firm’s future outlook. ....

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Inflation fears drag S&P 500 into bear market, bonds plunge

Monday's sell-off pushed the US S&P 500 index - which has dropped over 20% since a recent record close - into a bear market, and came on the heels of Friday's data that showed US inflation accelerating more than expected in May. ....

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