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

Federal auto regulators face withering barrage on the Hill

Federal auto regulators face withering barrage on the Hill

NHTSA chief grilled in the Senate after House report faults agency for slow action on ignition switch flaw

NII Holdings files for Chapter 11 bankruptcy protection

The Reston-based provider of mobile phone service in Latin America has seen its revenue, subscribers erode

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.

Virginia sues 13 banks, claiming mortgage securities fraud

The attorney general says the banks packaged faulty loans into securities sold to the state retirement system.

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.

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 end higher ahead of Fed meeting results

The stock market is closing broadly higher as investors await the results of a key meeting by the Federal Reserve.

Wonkblog

Mapping the future of sea-level rise on the Potomac, the Chesapeake and the Atlantic.

Washington and Baltimore are making big plans to survive future flooding. But what do you do if you’re Ocean City?

Uh-oh, the credit rating agencies are up to their old tricks again

Uh-oh, the credit rating agencies are up to their old tricks again

Dumb and dumber: we still haven’t fixed the credit rating agencies’ perverse incentives.

Surge is back, and it’s already selling like crazy

Surge is back, and it’s already selling like crazy

Coca-Cola has a little surprise for ‘90s nostalgics.

More from Wonkblog

On Leadership

What if Ray Rice worked in an average company?

What if Ray Rice worked in an average company?

Are NFL players in fact held to a “higher standard“?

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?

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.

How the gaming community destroys its heroes

How the gaming community destroys its heroes

In game development, you die a hero or you live long enough to see yourself become the villain.

More from The Switch