Chinese President Xi Jinping has urged foreign investors to have faith in China's business prospects in an address to major global business leaders.

An “unauthorized, unvarnished” biography of billionaire hedge-fund manager Ray Dalio will be published next fall.

FILE - In this March 23, 2019 file photo, Bridgewater Associates Chairman Ray Dalio speaks during the Economic Summit held for the China Development Forum in Beijing, China. A family spokesperson says the 42-year-old son of hedge fund founder Ray Dalio died in a car crash this week. The family spokesperson on Friday, Dec. 18, 2020 confirmed Devon Dalio's death in a Thursday afternoon crash to Hearst Connecticut Media. (AP Photo/Ng Han Guan, File)GREENWICH, Conn. – Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a car crash this week, a family spokesperson said Friday. The family spokesperson confirmed the death in a Thursday afternoon crash to Hearst Connecticut Media.

(CNN) - Elizabeth Warren's aggressive plans to level the playing field for the American economy are drawing heavy fire from billionaires, even ones who acknowledge the system needs to be fixed. The chair and CEO of Omega Advisors, who has promised to give away his fortune to charity, even choked up talking about Warren's wealth tax. Warren is hardly the first presidential candidate to rail against the billionaire class and claim the system is rigged. The billionaire backlash stems from apprehension over the extent of Warren's efforts to remake the American economy by raising taxes on the ultra-wealthy. In 1989, the middle class held $7.1 trillion, compared with $4.7 trillion for the top 1%, according to the Fed.