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JPMorgan Earned $5B In Second Quarter Even After $4.4B 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."
NPR

China's Economy Slows To 3-Year Low

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.
NPR

Uzbekistan Sets Up Rival To Facebook

YouFace is the name of a new social networking site that aims to lure local Internet users away from Facebook, and "boost patriotism among young people in Uzbekistan."
NPR

Team USA Predicted To Take The Most Medals

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.
NPR

JPMorgan To Reveal Earnings, Trading Losses

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.
NPR

Geithner Pointed Out LIBOR Concerns In 2008

We now know that U.S. Treasury Secretary Tim Geithner pointed out problems with the way London's key interest rates were set. He did this in 2008, in the midst of the financial crisis. At the time, Geithner was the head of the New York Federal Reserve. Barclays has agreed to pay U.S. and U.K. to settle charges the bank manipulated that interest rate.

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