China’s real estate sector is being caught in a whirlwind of oversight by the Chinese Communist Party’s legal and disciplinary bodies. Two prominent real estate companies recently announced that their directors have been taken away for suspected criminal violations or they have lost contact with them. The Chinese authority’s oversight of the property sector continues…

Bank of America Corp. provided a bullish outlook after reporting a smaller-than-expected 13 percent fall in first-quarter profit on Monday, as growth in consumer lending overshadowed a decline in global dealmaking. Chief Executive Brian Moynihan said Bank of America customers had spent at the highest level ever recorded for the first quarter, representing a double-digit…

Paysafe Limited CEO Philip McHugh purchased 0.29 million shares of the company for a total purchase price of $1.0 million. McHugh purchased the shares on the open market on Dec. 3. Additionally, other executive officers and independent board members of Paysafe purchased 0.45 million shares totaling $1.8 million. They purchased the shares on the open…

NEW YORK—U.S. bank executives on Tuesday raised concerns about the impact of a sustained period of higher inflation, adding to pressure on the Federal Reserve to accelerate plans to slow down the pace of its asset purchases. Wells Fargo Chief Executive Charlie Scharf said at a conference that the Fed may need to move more…

WASHINGTON—Senators put executives from YouTube, TikTok, and Snapchat on the defensive Tuesday, questioning them about what they’re doing to ensure young users’ safety on their platforms. Citing the harm that can come to vulnerable young people from the sites—ranging from eating disorders to exposure to sexually explicit content and material promoting addictive drugs—the lawmakers also…

WASHINGTON—Senators put executives from YouTube, TikTok, and Snapchat on the defensive Tuesday, questioning them about what they’re doing to ensure young users’ safety on their platforms. Citing the harm that can come to vulnerable young people from the sites—ranging from eating disorders to exposure to sexually explicit content and material promoting addictive drugs—the lawmakers also…

SYDNEY—Qantas Airways Ltd said on Friday it was considering new ways to structure pay to ensure it could retain key executives as it enters the third financial year affected by the pandemic-driven slowdown in travel. Qantas Chairman Richard Goyder said executives had faced a high workload with no annual bonuses for the last two years,…

Commentary As the cancellation of conservative people and ideas proceeds, leaders of longtime conservative institutions find themselves in a steadily tightening bind. They have their principles, but they have to run the ship, too. No matter how much integrity they have, and no matter how firmly the institution holds to conservative beliefs, the ordinary operations…