Bloomberg The black box for a China Eastern Airlines Corp jet that crashed earlier this year suggests the Boeing Co plane took an intentional nosedive, the Wall Street Journal said. Data recovered from the black box suggest that someone in the cockpit input controls that sent the plane into its deadly descent, the Journal reported, citing people familiar with …

  Bloomberg The Walton family fortune tumbled almost $19 billion after Walmart Inc slashed its profit outlook. Walmart, controlled by the family, fell 11% in New York trading after the Bentonville, Arkansas-based company reported earnings that lagged analysts’ estimates. Soaring inflation heaped pressure on the retailing giant’s profit margins in the first quarter, testing the company’s appetite to raise prices. …

  Bloomberg Investors are piling into cash as the outlook for global growth drops to an all-time low and stagflation worries mount, according to a Bank of America Corp (BofA) fund manager survey that points to continued stock-market declines. Cash levels among investors hit the highest level since September 2001, the report showed, with BofA describing the results as “extremely …