Markets fall as twin defaults loom

Pensioners wait outside a bank in Greece. (Bloomberg)

Greece appeared increasingly likely to miss a critical debt payment, while Puerto Rico’s governor announced that the island cannot pay back more than $70 billion in debt.

Latest News

When it comes to online shopping, we’re browsing more and buying less

When it comes to online shopping, we’re browsing more and buying less

New research finds that we are more frequently leaving shopping Web sites without making a purchase.

Washington Post will encrypt site, making it harder for governments to track reading habits

Encryption efforts are intended to keep hackers, government agencies and others from tracking readers.

Puerto Rico urges U.S. to help save it from default

Puerto Rico urges U.S. to help save it from default

Gov. Alejandro García Padilla portrayed his territory’s economic condition as even more dire than previously revealed and appealed for unprecedented bankruptcy rule changes.

Battery maker to open College Park R&D center

Battery maker to open College Park R&D center

Award winning battery maker puts down roots with the place that helped give it its start.

Greece banks closed amid deepening crisis over future in euro zone

Greece banks closed amid deepening crisis over future in euro zone

European markets were tumbling in the wake of Greece’s decision to impose a bank holiday.

Main Street Morning: Intuit lays off hundreds of employees

Main Street Morning: Intuit lays off hundreds of employees

Our rundown of news affecting start-ups and small businesses.

Columnists

Michelle Singletary

Michelle Singletary

Teenage driver needs a payment plan for the damage done

Also, should a family dealing with terminal illness use part of an inheritance to make memories or save it?

Barry Ritholtz

Barry Ritholtz

You’re only human: An economist explains how it hurts your portfolio

As Richard Thaler explains, investors behave against their own interests — but you can outsmart your brain

Rodney Brooks

Rodney Brooks

What age is best to start drawing Social Security benefits? Truth is, it depends.

Waiting till 70 is often advised due to longer life spans, but sometimes starting sooner makes most sense.

Allan Sloan

Allan Sloan

A steady bloodletting by corporate deserters

Washington has failed to act on short-term-fix legislation and reforming the corporate tax code.

Thomas Heath

Thomas Heath

The Boland family has a pretty hot — and sticky — business

The family that brought A/C to Washington wants to manage your energy, too.

Market News

Asia stocks bounce back but Greece uncertainty still looms

Asia stocks bounce back but Greece uncertainty still looms

Asian stock markets bounced back Tuesday, recouping some of the previous day’s sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries.

Wonkblog

7 questions about Greece’s huge crisis you were too embarrassed to ask

7 questions about Greece’s huge crisis you were too embarrassed to ask

The clearest explanation of why Greece is facing a doomsday situation

This hilarious org chart shows why you can’t get anything done at work

This hilarious org chart shows why you can’t get anything done at work

Does your organization ever feel like a “ball of yarn?“

How to make sense of Obama’s big changes to overtime policy

How to make sense of Obama’s big changes to overtime policy

The adjustment would make millions more low-level managers eligible for time-and-a-half, though employers warn that workers wouldn’t benefit.

More from Wonkblog

On Leadership

The workplace perks that are in — and out

A new survey examines the changing landscape of employee benefits.

IBM is struggling. But former CEO Sam Palmisano says he isn’t looking back.

IBM is struggling. But former CEO Sam Palmisano says he isn’t looking back.

“If you go through the patterns of mistakes I made, it all came down to speed,” Palmisano says.

More from On Leadership

Get There

Active vs. Passive: How fund managers stack up to index funds

Active vs. Passive: How fund managers stack up to index funds

New data may help investors figure out when they’re more likely to find a fund manager worth the higher fees.

5 money questions gay couples need to ask after the Supreme Court ruling

5 money questions gay couples need to ask after the Supreme Court ruling

Here’s what gay couples need to ask their financial advisers.

The Switch

The future of mobile data pits cellphone carriers against cable giants

The future of mobile data pits cellphone carriers against cable giants

A new version of LTE could improve your download speeds. But critics say it threatens a longtime standard in WiFi.

Washington Post starts to automatically encrypt part of Web site for visitors

Washington Post starts to automatically encrypt part of Web site for visitors

Visits to homepage, National security section, and the Switch to use https starting Tuesday.

More from The Switch