And the biggest bank in the U.S., JPMorgan Chase, says it has lost $4.4 billion from its failed hedging strategy involving a secretive trader. That's more than twice the bank's earlier estimate. The company released its second-quarter earnings report this morning, and NPR's Jim Zarroli is with us now to talk about them. Jim, what is the company telling investors this morning about that money?
Some future news now. The Olympics begin two weeks from today in London, and we can already tell you the likely big winners. China will take the most gold medals, followed by the U.S. and host country, Great Britain. Team USA will win the most overall medals, followed by China and Russia.
This month, the U.S. Postal Service begins cutting back hours and services at rural post offices across the country. One store facing changes sits inside the Wood & Swink general store in the northern Florida town of Evinston. The store has been in Freddie Wood's family for more than 100 years. In that time, it's gone through only small changes.
Some of the most interesting discoveries in archaeology come from sifting through ancient garbage dumps. Scientists working in Oregon have found one that has yielded what they say are the oldest human remains in the Americas and a puzzle about the earliest American tools.
Early Americans used Oregon's Paisley Caves for, among other things, a toilet. Little did they know that scientists would be picking through what they left behind.
County and city officials in San Bernardino, Calif., are considering a controversial plan: using the power of eminent domain to take over "underwater" mortgages, where the value of the home is worth less than the original loan. Taking on those properties, officials say, would allow the homeowners to refinance those troubled loans.
Europe is struggling, thanks to a relentless debt crisis. Compounding its problems: It is not one country, but 17.
Many observers agree that to solve their problems, those countries have to start looking a lot more like one country. And there is a force in Europe trying to make that happen: the European Central Bank. The weapon it has that everyone else lacks? Money.
New questions about Mitt Romney's overseas investments have dogged the GOP presidential contender all week. Many arose from a report in the latest issue of Vanity Fair. It describes how the day before Romney was sworn in as governor of Massachusetts, he put a corporation he'd set up in Bermuda in a blind trust held by his wife, Ann. Romney insists he did nothing wrong.
We told readers not to "get excited" in our headline about PBS' History Detectives potentially misidentifying a guitar from Bob Dylan's first electric performance. Our commenters took our advice, but they certainly showed some ire that the guitar, famous or not, would not have been returned to the artist in the first place.
Maricopa County, Ariz., where 3 out of 5 Republicans in the state live, has become a hotbed of Tea Party activism.
That's where the head of the Original North Phoenix Tea Party lives. His name is Wesley Harris, and he used to manufacture precision rifle barrels. These days, his son runs the business, while Harris spends most of his time as a full-time Tea Party activist.
Al Arabiya is calling it another "massacre." Quoting the opposition, they report that "scores of dead bodies were scattered in houses and in farms in al-Tremsa, while more than 150 dead bodies have been piled up in the al-Tremsa mosque."
Farming is the mainstay of the Palestinian communities around the West Bank village of Yanoun. Animals graze the land, and Palestinians make their living by harvesting citrus fruits and olives.
Last Saturday, Palestinians say, a group of Jewish settlers killed some of the sheep belonging to the Bani Jabr family. Palestinians say its part of a regular pattern of harassment in the area by settlers.
Walk into any tech company or university math department, and you'll likely see a gender disparity: Fewer women than men seem to go into fields involving science, engineering, technology and mathematics.
The bad economy has hurt many nonprofits around the country, even as demands for their services have grown. That's certainly the case in Reading, Pa., which has been labeled the poorest city in America, with a poverty rate of more than 41 percent.
Now, one local nonprofit, Opportunity House, hopes to salvage some of its services by salvaging junk.
Ever since the peak of the financial crisis, we've been treated to the occasional spectacle that leaves the market and its hangers-on in a tizzy: unveiling the terms of new bailout programs, revealing bank stress-test results, and, not long ago, JPMorgan Chase's chief executive
President Obama may have disappointed the NAACP by appearing only via brief video message Thursday at the civil rights group's annual gathering — especially after Mitt Romney had personally taken the stage a day earlier.
But sending in Vice President Biden to stir things up, just 24 hours after Romney was booed while delivering a conservative message meant to resonate beyond the walls of the Houston convention center, seemed to work out just fine for Obama.
Nike has announced that it has removed the name of former Penn State football coach Joe Paterno from its child care center in Oregon. Mark Parker, Nike's president and CEO, said he was "deeply saddened" by the results of the investigation.
Wells Fargo Bank agreed to pay at least $175 million Thursday to resolve allegations it discriminated against black and Latino home buyers, in what the Justice Department called the second largest settlement over fair lending violations.
Under international pressure, Saudi Arabia has decided to send two women to the Olympics in London.
That means that for the first time ever, the Olympic games will include women from every competing country. NPR's Howard Berkes filed this report for our Newscast unit:
"Saudi Arabia now joins Qatar and Brunei as the last countries to enter women into Olympic competition. Seven athletes once banned because of their gender will compete in judo, track, swimming, table tennis and shooting events when the London Olympics begin later this month.