The economic recovery is still tepid in most parts of the country, and there's a sense of trepidation that signs of improvement might not last. Among the swing states, some are doing comparatively well while others are struggling — but the political picture looks roughly the same in all.
JPMorgan Earned $5 billion in the second quarter even after the company had a $4.4 billion trading loss. Bank CEO Jamie Dimon says "all of our client-driven businesses had solid performance" and that "we have put most of this problem behind us."
The new figures released by the Chinese government matter to the U.S. because of the way the world economy is so interconnected. Americans import a lot from China, but have also been working to boost exports to other nations, including China.
The Summer Olympics games begin two weeks from Friday in London. It's expected the winners list will look something like this: Team USA will take the most medals, followed by China and then Russia. But China will take the most gold, followed by the U.S.
For the first time since a big trading loss rocked the company, JPMorgan will report its quarterly earnings Friday. Among other things, the bank is expected to say exactly how much it lost in the failed hedging strategy it disclosed in May.
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