Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
Over the years, he has reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders, and Ponzi schemers. Most recently, he has focused on trade and the job market. He also worked as part of a team covering President Trump's business interests.
Before moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position, he reported from the United Nations and was also involved in NPR's coverage of Hurricane Katrina, the London transit bombings, and the Fukushima earthquake.
Before joining NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.
He lives in Manhattan, loves to read, and is a devoted (but not at all fast) runner.
Zarroli grew up in Wilmington, Delaware, in a family of six kids and graduated from Pennsylvania State University.
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The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it's raking in money on trades.
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The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.
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In the age of COVID-19, most people follow social distancing and mask guidelines when they enter stores and restaurants. But then there are the nightmare customers who won't comply.
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Major stock indexes bounce back a day after the Dow lost 1,861 points amid spikes in new cases in states that had reopened their economies.
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The Dow and other stock indexes plunged as cases surged in several states and the Federal Reserve warned that the pandemic "will weigh heavily on economic activity."
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Companies can borrow money from the Federal Reserve under its new lending programs. It's been good for the stock market, but the central bank's effort to help the economy has had lopsided results.
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Even as millions are out of work, the stock market has regained much of the ground it lost since March. Investors are peering into the future and seeing an economy that's beginning to recover.
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Trevon Ellis spent years building up his Minneapolis barbershop, luring customers with smart haircuts, snacks and friendly conversation. It took just one terrible night to destroy it all.
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The pandemic has sent tax revenues falling off a cliff, leaving American cities and towns losing more and more money and forcing them to cut services and lay off workers.
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Governors around the country have begun slowly allowing stores, restaurants and malls to serve customers again. But it won't count for much if people are afraid to venture out.