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.

The stock market has left many investors struggling to catch their breath.

Just last Wednesday, the Dow Jones Industrial Average gained a record 1,086 points, after sliding 653 points on Christmas Eve. And there were many more days, when the markets swung by hundreds of points. In general, 2018 was a unusually bumpy year for markets.

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Steve Heimoff remembers coming home from a restaurant December 10, 2008, to find an email from a cousin with the words "Bad news" in the subject line.

The $2 million retirement nest egg he had counted on was suddenly wiped out, as was much of the savings of his relatives, casualties of the multibillion-dollar Bernie Madoff scam that was dominating the headlines.

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Updated at 9:01 a.m. ET Wednesday

Stock prices tumbled Tuesday amid investor fears about trade, wiping out the gains that followed the Trump administration's decision to delay higher tariffs on imports from China.

The Dow Jones Industrial Average dropped 799 points, losing 3.1 percent of its value, while the S&P 500 index fell 3.2 percent. The Nasdaq composite index plunged 3.8 percent.

In another worrisome sign for the economy, the interest rate on short-term U.S. Treasury securities actually rose above that of longer-term instruments.

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Updated at 4:08 p.m. ET

The phrase "just below" neutral might seem bland or innocuous. But those words from Federal Reserve Chairman Jerome Powell touched off a wave of optimism among investors who took them to mean the central bank may be winding down its interest rate hikes.

The Dow Jones industrial average closed up more than 600 points, or 2.6 percent, Wednesday.

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Stock prices took a sharp plunge Tuesday, for the second day in a row.

The Dow Jones Industrial Average has fallen a total of 950 points, or 4 percent, in the past two days. The major stock market indexes are now negative for the year.

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Maxine Waters of California is known as a partisan firebrand who gives as good as she gets, especially where President Trump is concerned.

Now, with Democrats assuming control of the House in January, the California Democrat is about to become more visible than ever before, with the power to slow down an important part of Trump's agenda and even shine a light on his company's finances.

Investors worried about a slowdown in global growth helped push stocks sharply lower Monday, with the Dow Jones Industrial Average falling 602 points, or 2.3 percent.

Technology stocks fared especially badly, with Apple down 5 percent, after a report it was cutting orders for iPhone parts. The decline knocked 100 points off the Dow and helped lead to a broader rout. The technology-heavy Nasdaq Composite fell almost 2.8 percent., wiping out its gains for November.

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The New York Attorney General's Office is urging a state court not to dismiss its lawsuit against President Trump's charitable foundation, saying the foundation has repeatedly violated state and federal laws.

Attorney General Barbara Underwood said the Donald J. Trump Foundation "was a shell corporation that functioned as a checkbook from which the business entity known as the Trump Organization made payments."

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General Electric has booted out its chairman and chief executive, John Flannery, after a little more a year on the job, amid declining profits and cash-flow problems.

Flannery will be replaced by H. Lawrence Culp, a current GE board member who served as chief executive of the Washington, D.C.-based conglomerate Danaher Corp. from 2000-2014, GE said.

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The trade war between the U.S. and China has been tough on soybean farmers here in the U.S. For many of them, China is their biggest market. NPR's Jim Zarroli has been visiting with a farm family in North Dakota.

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Chris Johnson knows all too well how a promising crop can suddenly be ruined — by poor weather, an economic downturn or bad luck.

This year, he and other soybean farmers in North Dakota are contending with something less common but potentially just as destructive: a trade war between the United States and China that has already driven down the price of soybeans sharply.

"Oh, it's a devastating loss. Soybeans are my largest acreage crop," says Johnson, who farms 3,300 acres in Great Bend, in the southern part of the state.

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President Trump is ramping up trade tensions with other countries. Today, he said he's ready to impose even more tariffs on Chinese imports, and he hinted that he may take similar action against Japan. NPR's Jim Zarroli reports.

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