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

List narrows for future FBI headquarters: Greenbelt, Landover or Springfield.

The FBI is likely headed out of the District for one of three suburban locations.

Wes Bush: ‘One size does not fit all’ for Pentagon buying

Wes Bush: ‘One size does not fit all’ for Pentagon buying

Northrop Grumman’s chief executive says contracting officials should be given more flexibility.

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.

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

Nearly three quarters of Americans think the U.S. should shelter (not immediately deport) unaccompanied minors

Nearly three quarters of Americans think the U.S. should shelter (not immediately deport) unaccompanied minors

It appears the American public isn’t nearly as comfortable sending unaccompanied minors back to Central America as the Republican party might hope.

Democrats want to ban government contracts for companies that leave the U.S. to avoid taxes

Democrats want to ban government contracts for companies that leave the U.S. to avoid taxes

A group of Democrats in Congress introduced legislation to make sure that any company that incorporates overseas would be barred from doing business with the government.

Medical marijuana opponents’ most powerful argument is at odds with a mountain of research

Medical marijuana opponents’ most powerful argument is at odds with a mountain of research

Medical marijuana laws have zero impact on teen use. None. Zilch. Nada.

More from Wonkblog

On Leadership

Here is proof the boss doesn’t think like you do

Here is proof the boss doesn’t think like you do

A new study finds a divide between what employees want in their jobs — and what employers think they do

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.

More from On Leadership

The Switch

The Senate has another go at NSA surveillance reform

The Senate has another go at NSA surveillance reform

A new version of the USA Freedom Act has been introduced in the Senate.

The super PAC to end super PACs leaps into New Hampshire and Iowa

The super PAC to end super PACs leaps into New Hampshire and Iowa

Larry Lessig’s Mayday PAC has announced the first two candidates that it’s backing for the midterms. Here’s who they are.

How data caps could reshape the economics of the Internet (again)

How data caps could reshape the economics of the Internet (again)

What’s become an industry standard in cellular plans now seems to be spreading to fixed broadband ISPs, too. But consumers still seem pretty lost when it comes to assessing their data plans.

More from The Switch