Airlines are posting record profits, but consumers may see even higher prices

Delta reported record profits in the second quarter. (AP)

The ebullient earnings reports stood in stark contrast to the industry’s dire financial state in recent years.

Latest News

Amazon adds a YouTube-like “Video Shorts” section that turns video browsing into a shopping opportunity

Amazon adds a YouTube-like “Video Shorts” section that turns video browsing into a shopping opportunity

A new component of Amazon’s Instant Video Web site, called Video Shorts, offers free video browsing and chance to purchase items related to the video clips.

$8.5B store merger scrambles industry landscape

$8.5B store merger scrambles industry landscape

Dollar Tree will buy Family Dollar, creating a retail giant with 13,000 stores and $18 billion in sales.

Hilton to roll out a room reservation app across its brands

Hilton to roll out a room reservation app across its brands

Guests will eventually be able to use the app to unlock the door to their room.

GAO cites tax debt of DoD workers with security clearances

Employees and contractors owed $730 million in unpaid federal taxes as of June 2012, the report found.

The airlines are making millions, but there’s no relief in sight for consumers

With investors primed to reap the rewards of a newly buoyant airline industry, there is no sign that consumers would see any financial benefits.

DOJ joins whistleblower suit against Symantec

DOJ joins whistleblower suit against Symantec

Suit alleges firm overcharged the government by tens of millions; the company denies the allegations.

Columnists

Michelle Singletary

Michelle Singletary

Want to reduce your health-care costs? Get moving.

Keeping physically fit helps you stay fiscally fit, too.

Barry Ritholtz

Barry Ritholtz

So you’re the world’s greatest trader? Taxes will fix that.

Traders pay a tax of 30 percent or more on short-term capital gains. Passive indexers come out ahead.

Thomas Heath

Thomas Heath

Dealmaker quits Carlyle and big future to chase a dream

Johnson charts a path from Anacostia to Carlyle, with stops at Princeton and Harvard, then walks away.

Market News

Worries about US consumers drag stocks lower

Worries about US consumers drag stocks lower

Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week.

Wonkblog

The middle class is 20 percent poorer than it was in 1984

The middle class is 20 percent poorer than it was in 1984

The housing bust has median households worse off than they were 30 years ago.

How Obamacare is giving Medicare a new lease on life

How Obamacare is giving Medicare a new lease on life

Medicare’s financial stability has been strengthened by the Affordable Care Act and other forces that have been subduing health-care spending.

A third of consumers with credit files had debts in collections last year

A third of consumers with credit files had debts in collections last year

WONKBLOG | About 77 million Americans struggle with delinquent debt, according to a new report.

More from Wonkblog

On Leadership

At Market Basket, the saga continues

At Market Basket, the saga continues

ON LEADERSHIP | The grocery chain’s customers are getting more involved in a corporate standoff.

In an improving economy, is age discrimination getting better or worse?

In an improving economy, is age discrimination getting better or worse?

The answer, of course, is that it’s complicated.

American Apparel names a new board without Dov Charney

American Apparel names a new board without Dov Charney

Four new directors--including its first female director--will be added to the board of a company that has been engulfed in a highly public leadership battle.

More from On Leadership

The Switch

The Switch turns one -- and we’re having a party tonight!

The Switch turns one -- and we’re having a party tonight!

Come to our reader meet up July 29, 2014 in Washington, D.C.

Switchboard: What it’s like to be a Comcast customer service rep

Switchboard: What it’s like to be a Comcast customer service rep

Your morning helping of hand-picked stories from The Switch team.

The FTC is expanding the war on bogus cellphone charges

The FTC is expanding the war on bogus cellphone charges

Up to 20 million people a year are affected by “mobile cramming,” according to a federal study. Now the FTC is laying out what wireless carriers should do to stop it.

More from The Switch