Real estate’s summertime blues.

Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.

Not your average slump: Sure, summer is a slow time for the housing market, that’s nothing new. However, this summer has been especially stagnate for the Washington region, and there are few signs of improvement on the horizon. Quite the contrary, in fact. (WP)

Press briefing: Radio One founder Cathy Hughes says that an outspoken minority press is “needed now more than ever.” But sluggish advertising revenue and scarce financing are making it difficult for those media outlets to thrive. (CAPBIZ)

Executive action: President Obama recently signed an executive order preventing companies that have violated labor laws from competing for certain types of government work. Here’s what federal contractors need to know. (CAPBIZ)

Better bedding: Micha Weinblatt, Potomac native and University of Maryland graduate, has a new innovation that aims to solve that age old-problem with fitted sheets: Which side is the long side?! (CAPBIZ)

Boon for Bowser: District mayoral candidate Muriel Bowser picked up a key endorsement from the city’s largest labor group on Monday, calling the news a “big boost” to her campaign. (WP)

Caught profiling: Barneys has agreed to pay more than a half million dollars to settle allegations that minorities were routinely singled out as suspected shoplifters at its flagship store in New York. (AP)

Duping drivers: Competition between on-demand car services Uber and Lyft is reportedly taking an unsportsmanlike turn, with the latter claiming thousands of deliberately canceled rides. (CNN)

Raking it in: Despite facing some stiff regulatory headwinds, U.S. banks posted their second-highest profits of the last two decades in the second quarter of this year, according to data released Monday. (WSJ)

Not raking it in: The U.S. Postal Service continues to bleed money, losing another $2 billion in the second quarter after a $1.9 billion loss during the first three months of the year, the agency said Monday. (REUT)

On Wall Street

Stocks ended higher on Monday as investors responded to strong economic data and eased tensions between Ukraine and Russia. (Get the latest updates here)

What’s on tap today

NFIB small business optimism index (7:30 a.m.)

ICSC-Goldman store sales report (7:45 a.m.)

Treasury budget released (2:00 p.m.)

Help: What you should ask employees before they quit (RW)

Follow: Betterific

Extra: The stories of Washington’s hobos and tramps (WP)

Thoughts? Have feedback, tips or events we should know about? Email us here.

The story must be told.
Your subscription supports journalism that matters.
Market Watch
Dow 25,090.48
Today 0.34%
S&P 2,779.66
Today 0.1%
NASDAQ 7,746.38
Today 0.19%
Last Updated:06/15/2018
Now Playing