Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.
Real talk: Apple co-founder Steve Wozniak added a dash of Silicon Valley sparkle to Capital One’s new Tysons office. But he also had some words of wisdom for the banking industry. (CAPBIZ)
Mountain of debt: Owners of big-ticket real estate in Washington have to watch out. If the economy doesn’t improve, the next few years could be very expensive. (CAPBIZ)
And this isn’t a good sign: The Federal Reserve lowered its forecast for economic growth this year, but pushed ahead with its plan to cut bond purchases. The central bank may soon be running out of wiggle room to support the recovery. (WP)
Trial by fire: Amazon plunged into the smartphone business with the release of its new Fire phone. That might be a terrible decision. (WP)
Engine trouble: Dulles International airport is an economic engine for Loudoun County, but Reagan National is stealing away its domestic business. (WBJ)
Game on: The U.S. patent office canceled the Redskins trademark registration Tuesday, calling it “disparaging to Native Americans.” Could it be a tipping point in the name debate? (WP)
Office space: Silicon Valley firms topped a list of best workplaces, again. Here’s what that means for your future cubicle. (CAPBIZ)
Speaking of the West Coast: Acceleprise, the District’s tech mentoring company, is opening a second location in San Francisco. (CAPBIZ)
On Wall Street
Investors were happy with the Federal Reserve’s economic statements, sending stocks up to close higher for the fourth straight day. (Get the latest updates here)
What’s on tap today
Unemployment claims report (8:30 a.m.)
Creative Cloud networking event (6 p.m.)
Help: How to lead like a scientist. (WP)
Follow: The U.S. Patent and Trademark office.
Extra: The F.B.I.’s (outdated) slang dictionary.