Islamic State draws on oil assets for funds, fuel

The Taq Taq oil field in Arbil, Iraq. (Reuters)

Oil has given the Islamic State a revenue source most extremist groups lack, but the installations and tanker trucks could offer targets for the U.S.-led coalition that hopes to cripple the group.

Latest News

NASA to award space contract to Boeing and SpaceX

NASA to award space contract to Boeing and SpaceX

The contract represents a significant shift for NASA, which has long owned and operated its own rockets. Now NASA’s astronauts would essentially rent space on vehicles provided by Boeing and SpaceX.

New Bethesda real estate company acquires Ohio firm for $4.3 billion

New Bethesda real estate company acquires Ohio firm for $4.3 billion

Combined company will own 119 properties and be headquartered in Columbus.

What 1.3 million tiny balls can do for your washing machine

What 1.3 million tiny balls can do for your washing machine

Xeros uses a fraction of the water of a traditional machine, all thanks to tiny nylon balls.

Flooding would threaten D.C. infrastructure, report says

Flooding would threaten D.C. infrastructure, report says

A nonprofit’s analysis says a storm surge could exact tremendous toll financially and environmentally.

Danaher takes bigger bite out of the dental business

Washington-based conglomerate seeks to expand in its dental businesses with Swiss acquisition.

Rep. Cummings seeks to subpoena USIS chief executive

Rep. Cummings seeks to subpoena USIS chief executive

The lawmaker wants answers from the background-check firm on fraud allegations and a cyberattack.

Columnists

Michelle Singletary

Michelle Singletary

Paying off today’s debts boosts your retirement tomorrow

Retirement planning includes setting yourself up to have the least amount of debt and expenses possible.

Steven Pearlstein

Steven Pearlstein

An odd approach to attacking crony capitalism

It’s disappointing that both parties are content to focus this debate on the obscure Export-Import Bank.

Thomas Heath

Thomas Heath

Sleep deprived at 29, she wakes up to million-dollar spa biz

With an assist from hippie-friendly Takoma Park, an acupuncturist finds economic health in the spa industry.

Market News

US stocks turn higher at midday

U.S. stocks are turning higher at midday with energy companies leading the gains.

Wonkblog

Avon splits with Herbalife, industry on consumer fraud

Avon splits with Herbalife, industry on consumer fraud

The iconic cosmetics supplier announced it is leaving the Direct Selling Association after more than a century.

Teen drug and alcohol use continues to fall, new federal data show

Teen drug and alcohol use continues to fall, new federal data show

As states debate drug policy, teen use rates decline.

Child poverty is finally declining for the first time since 2000

Child poverty is finally declining for the first time since 2000

And other takeaways from new Census Bureau data on American income and poverty.

More from Wonkblog

On Leadership

How NASA keeps innovating

How NASA keeps innovating

NASA is more bureaucratic than it used to be, so how does it continue to take bold and creative risks?

Minecraft creator’s blunt goodbye note

Minecraft creator’s blunt goodbye note

“I don’t want to be a symbol, responsible for something huge that I don’t understand“

More from On Leadership

Get There

A guide to breaking up with your bank

A guide to breaking up with your bank

People who aren’t careful when they make the change can face steep fees for missed payments, money transfers and overdrafts.

Health care is often the biggest expense in retirement — and the hardest to predict

Health care is often the biggest expense in retirement — and the hardest to predict

Almost half of family caregivers spend more than $5,000 a year on caring for elderly family members, a new study shows.

The Switch

You can now remove that U2 album from your iPhone

You can now remove that U2 album from your iPhone

Apple has released a tool to let you delete “Songs of Innocence” from your iTunes library.

Three years in, ‘virtual’ patent marking is still useful, still obscure

Three years in, ‘virtual’ patent marking is still useful, still obscure

A new report from the U.S. Patent Office details the fair amount of ambiguity still surrounding Internet-linked patent notices.

More from The Switch