GM profit falls 85 percent

A row of Chevy Sparks,

The automaker says that its second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.

Latest News

F-35 Lightning II jet reaches long-awaited milestone

F-35 Lightning II jet reaches long-awaited milestone

After a fire grounded the fleet, the Pentagon celebrated the completion of the first 2 jets ordered by Australia.

How Congress can help women business owners

How Congress can help women business owners

New report reveals an alarming gender gap among small business owners. Here’s how to close it.

Gray aide weighs changes to Reeves Center swap for stadium land

Gray aide weighs changes to Reeves Center swap for stadium land

Gray aide weighs rules for Reeves Center redevelopment in stadium deal, but changes could raise the cost to the District.

Mortgage rates hover near lowest levels for the year

Mortgage rates hover near lowest levels for the year

Rates hold steady while staying below where they were a year ago.

Baby or bust: When can you afford to have a child?

Baby or bust: When can you afford to have a child?

The economy has some folks putting plans for a family on hold. Also: timeshares and movie nights.

U.S. unemployment aid applications drop

U.S. unemployment aid applications drop

The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.

Columnists

Michelle Singletary

Michelle Singletary

Defaulted on student loans? A chance to make things right.

The new rehab formula is based on the one used for the federal Income-Based Repayment program.

Steven Pearlstein

Steven Pearlstein

Financial industry just not vested in wider savings plans

The concept of Automatic IRAs to help prepare Americans for retirement faces some challenges

Thomas Heath

Thomas Heath

Herndon ‘mompreneur’ types her way to happiness, success

Kathy Benson started small but grew her data-collection firm into a $20 million business.

Market News

US stocks pause as investors weigh earnings

US stocks pause as investors weigh earnings

U.S. stocks were barely higher in morning trading Thursday as investors digested second-quarter results from big companies across several industries, including Facebook, Ford and Caterpillar.

Wonkblog

What Paul Ryan still misses in his new, more serious poverty plan

What Paul Ryan still misses in his new, more serious poverty plan

The poor don’t need contracts. Results are harder to measure than he thinks. And geography matters.

These two charts explain why it’s unusually tough right now to find a newly built home

These two charts explain why it’s unusually tough right now to find a newly built home

Potential buyers are seeing a relatively greater supply of existing homes to new homes for sale than they would have before the market tanked.

The long-term unemployed might finally be getting jobs

Good news: long-term unemployment is falling fast, and it’s not because people are giving up.

More from Wonkblog

On Leadership

American Apparel names a new board without Dov Charney

American Apparel names a new board without Dov Charney

Four new directors--including its first female director--will be added to the board of a company that has been engulfed in a highly public leadership battle.

For women and minorities, advocating for diversity has a downside

For women and minorities, advocating for diversity has a downside

A new research study finds that women and minorities are penalized for being good at managing diverse groups or respecting gender or racial differences at work

An ousted CEO so popular employees are protesting for his return

An ousted CEO so popular employees are protesting for his return

An unusual alliance of managers and rank-and-file employees at a Northeast grocery chain has rebelled to prompt the return of a former executive.

More from On Leadership

The Switch

Why was the Black Hat talk on Tor de-anonymization mysteriously canceled?

Why was the Black Hat talk on Tor de-anonymization mysteriously canceled?

Questions remain about a talk now pulled talk that purported to demonstrate a way to deanonymize Tor users at Black Hat USA.

Tech companies’ diversity problems are even worse at the leadership level

Tech companies’ diversity problems are even worse at the leadership level

The data show there’s an internal ceiling at many Silicon Valley companies keeping many women and minorities from rising to the top.