Bank of America and DOJ reach $17B settlement

The nation's second-largest bank is accused of knowingly selling faulty mortgage securities.

The nation’s second-largest bank is accused of knowingly selling faulty mortgage securities.

    Latest News

    Washington economy is lagging the rest of the country

    “Everybody is outperforming us,” said Stephen Fuller, an economist at George Mason University.

    CACI reports falling annual sales, profits

    CACI reports falling annual sales, profits

    But global turmoil is already having a positive effect on business, CACI chief executive says.

    Wal-Mart slashes price on iPhones: 5C for less than a dollar

    Wal-Mart slashes price on iPhones: 5C for less than a dollar

    It seems as if the retail-giant is getting rid of its existing stock before the rumored iPhone 6 comes out in September.

    Mortgage rates drift along at or near yearly lows

    Mortgage rates drift along at or near yearly lows

    The 30-year fixed-rate average hits its yearly low at 4.1 percent.

    Get out of the office

    Get out of the office

    About 40 percent of Americans may have a “work martyr complex,” a survey shows.

    As more hospices enroll patients who aren’t dying, questions about lethal doses arise

    As more hospices enroll patients who aren’t dying, questions about lethal doses arise

    He felt ‘like a teenager’. Then he was in hospice care, and then he was dead.

    Columnists

    Michelle Singletary

    Michelle Singletary

    Happy birthday; here’s your Social Security statement

    Checking the data is too important to ignore; a birthday is a good reminder to go over your online records.

    Barry Ritholtz

    Barry Ritholtz

    No matter what, long-term investor tops short-term trader

    There are factors that can narrow the trader’s disadvantage, but capital gains taxes are still the big issue.

    Warren Brown

    Warren Brown

    On Wheels: 2014 Mercedes-Benz E250 BlueTEC Sport

    If you’re looking for common-sense performance and unshowy luxury, this sedan is a terrific choice.

    Market News

    Stocks move higher; S&P 500 heading for a record

    Stocks move higher; S&P 500 heading for a record

    U.S. stocks are moving mostly higher, pushing the Standard & Poor’s 500 index closer toward another record close.

    Wonkblog

    A drug naming dispute, with billions on the line

    A drug naming dispute, with billions on the line

    A new wave of cheaper drugs will soon be here. First, we have to figure out how to name them.

    Some homeowners could see a whopping tax bill if they get help through Bank of America’s settlement 

    Some homeowners could see a whopping tax bill if they get help through Bank of America’s settlement 

    The bank agreed to lower the mortgage balances of some “underwater” borrowers. That could mean taxes on forgiven debt.

    Wonkbook: The Fed just might raise rates sooner than expected

    Wonkbook: The Fed just might raise rates sooner than expected

    A look at when the Fed might begin to raise rates

    More from Wonkblog

    On Leadership

    The odd things people do while on conference calls

    The odd things people do while on conference calls

    Nearly half of respondents in a survey said they’d used the restroom, and a quarter have played video games.

    Capt. Ron Johnson’s leadership challenge in Ferguson

    Capt. Ron Johnson’s leadership challenge in Ferguson

    Johnson seems perfectly cast for the part of leader, which only goes to show how difficult it can be for anyone to succeed.

    From loss to strength in Tanzania

    From loss to strength in Tanzania

    Victoria Kisyombe used personal tragedy as the inspiration for her work in micro-finance.

    More from On Leadership

    The Switch

    How Twitter reacted to Trayvon Martin and Ferguson in one chart

    How Twitter reacted to Trayvon Martin and Ferguson in one chart

    The volume of tweets related to Ferguson has been much higher than it was to the Trayvon Martin shooting.

    The case for a social media standard on sensitive content

    The case for a social media standard on sensitive content

    The James Foley video is a moment we could use to develop some common norms for grappling with graphic material online.

    Using peer-to-peer technology to crowdsource a way around online censorship

    Using peer-to-peer technology to crowdsource a way around online censorship

    With Lantern, a former LimeWire developer is helping crowdsource Internet access in areas facing online censorship.

    More from The Switch