
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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Federal Reserve Chairman Jerome Powell said that the outlook for the U.S. economy remains solid and that interest rates are nearly within a "neutral" range, touching off a surge in stock prices.
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The automaker General Motors says it is cutting 15 percent of its white-collar workforce. GM may also close as many as five plants in North America.
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U.S. stocks tumbled on Tuesday, thanks to a technology industry selloff that crossed into other sectors. The stock market has been quite volatile over the past month.
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There was a bloodbath in tech stocks. Companies like Apple depend on foreign markets and there are signs trade tensions are slowing growth in Europe and China. Apple and Facebook stocks have fallen.
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California Rep. Maxine Waters has been a favorite target of President Trump and his supporters. Now she's in line to chair the House Financial Services Committee, where she could slow his agenda.
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The Dow fell more than 600 points, or 2.3 percent, Monday. Investors are said to be worried about signs that the global economy may be slowing, even though the U.S. economy is faring well.
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In New Jersey's 11th Congressional District, the Republican isn't running on the tax bill despite the strong economy. But the Democrat is making it an issue, because the GOP tax bill limits deductions for property taxes.
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This makes Chinese goods imported to the U.S. cheaper and offsets the impact of President Trump's tariffs. At the same time, the stronger dollar makes it harder for U.S. companies to export to China.
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China's trade surplus with the U.S. was up in September to a new high of $34.1 billion. Tariffs imposed by the Trump administration are not having the desired effect, at least not so far.
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The state attorney general's office sued the Donald J. Trump Foundation in June, accusing it of repeatedly violating state and federal laws, but the foundation says the suit is politically motivated.
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Tax experts weigh in on whether the IRS and state tax authorities fell down on the job by not preventing the dodges and tax schemes by Fred Trump alleged in The New York Times report.
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General Electric has booted out its CEO, John Flannery, amid declining profits and cash-flow problems. He will be replaced by H. Lawrence Culp, a current GE board member and former Danaher Corp. CEO.