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 open lower ahead of Fed meeting

U.S. stocks are falling in early trading ahead of an important Federal Reserve meeting.

Wonkblog

What the new uninsured numbers don’t tell us about Obamacare

What the new uninsured numbers don’t tell us about Obamacare

The health law is reducing the uninsured rate, but by how much?

The decline of the small American family farm in one chart

Today’s farms are fewer and bigger.

Wonkbook: The Fed is nearing a milestone

Wonkbook: The Fed is nearing a milestone

Previewing the Fed’s policy meeting this week

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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

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.

The Switchboard: The FBI’s new facial recognition system is now fully operational

The Switchboard: The FBI’s new facial recognition system is now fully operational

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

More from The Switch