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Traders who made calamitous bets on corporate debt have cost JPMorgan Chase nearly $6 billion so far. The bank announced the losses on Friday but said the firm still managed to earn $5 billion in the second quarter. But the impact of the trading loss goes far beyond the bottom line.

JPMorgan Chase has agreed to pay regulators more than $900 million in fines over last year's London Whale trading fiasco. A handful of rogue traders at the bank lost more than $6 billion in a bad derivatives trading strategy. The traders then concealed the losses from senior executives for weeks. JPMorgan also formally admitted wrongdoing in the settlement with four different regulators.

Police in Newport News, Va., say they're in "unprecedented" territory following last week's shooting at an elementary school that left one teacher wounded and a six-year-old boy in custody.

A key part of the NBA All Star Weekend is the Slam Dunk Contest. We look at how both pro basketball and dunking have evolved and why fans can't get enough of it.

Thousands of federal inmates are being released because of a change in the way the U.S. government sentences drug criminals, but few are going straight from prison to freedom.

Congress is racing to pass a funding measure to avert a government shutdown.

The first day of former President Donald Trump's second impeachment trial began with a dramatic video of Jan. 6, as Trump's lawyers argued the Senate has no jurisdiction to take up the case.

Momentum for sentencing reform grows as leaders of the House Judiciary Committee introduce a bipartisan bill. But rising violence in some big cities could complicate the legislative forecast.

Former U.S. President Donald Trump is facing a multitude of legal challenges. What's the status of those investigations?

Former U.S. President Donald Trump is facing a multitude of legal challenges. What's the status of those investigations?