Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

Before joining the NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

Zarroli graduated from Pennsylvania State University.

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4:46am

Fri November 15, 2013
Business

Health Care Cancellation Cure Could Lead To Higher Premiums

Originally published on Fri November 15, 2013 10:49 am

The health care fix announced by President Obama on Thursday may be good news for some consumers, but it creates a big headache for insurance companies and regulators. An insurance industry trade group warns the last-minute change could destabilize the market and lead to higher premiums.

5:12pm

Tue November 12, 2013
Business

Justice Department Approves American, U.S. Airlines Merger

Originally published on Tue November 12, 2013 5:56 pm

The Justice Department approved an airline merger Tuesday that will create the world's largest carrier. AMR, the parent of American Airlines, and U.S. Airways agreed to divest a number of slots and gates at key airports in order to enhance competition.

5:45pm

Mon November 11, 2013
Business

Race For Same-Day Delivery Could Be Boon For Cash-Strapped USPS

Originally published on Mon November 11, 2013 5:52 pm

Transcript

AUDIE CORNISH, HOST:

While large-scale government IT contracts have a terrible track record, Amazon is a company that has made its reputation for delivering on time. And it's always looking for more ways to shorten the time between online ordering and delivery. Well, today, Amazon announced it's partnering with U.S. Postal Service to expand Sunday delivery options.

NPR's Jim Zarroli reports that for the financially strapped Postal Service it's an opportunity to take a bigger role in the lucrative online retailing market.

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4:26pm

Wed November 6, 2013
Around the Nation

New Jersey Votes To Increase Minimum Wage

Originally published on Wed November 6, 2013 6:21 pm

Transcript

MELISSA BLOCK, HOST:

New Jersey Governor Chris Christie is celebrating an impressive reelection victory but he also suffered a defeat. Voters handily approved a measure to raise the state's minimum wage. That's a measure Christie had opposed.

As NPR's Jim Zarroli reports, New Jersey is the fifth state this year to raise the minimum wage.

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4:42am

Wed November 6, 2013
Business

Sprecher Slams High-Speed Electronic Exchanges

Originally published on Wed November 6, 2013 5:26 am

The CEO of the firm that's about to take over the New York Stock Exchange has criticized alternative market trading. Jeffrey Sprecher said equity markets, including the NYSE, allow sophisticated traders to take advantage of small investors. He added such models are destined to fail and that people outside the markets have a sense things aren't fair.

5:46pm

Mon November 4, 2013
Business

SAC Capital To Pay $1.2 Billion Insider Trading Settlement

Originally published on Mon November 4, 2013 7:42 pm

Transcript

AUDIE CORNISH, HOST:

As we mentioned a few minutes ago, the hedge fund company SAC Capital has agreed to plead guilty to criminal charges of insider trading. The agreement with the Justice Department also calls for a huge fine, $1.2 billion. And as NPR's Jim Zarroli reports, the company will also be barred from taking money from outside investors.

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12:07pm

Mon November 4, 2013
Business

SAC Capital Agrees To Plead Guilty To Insider Trading

Originally published on Mon November 4, 2013 5:28 pm

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a guilty plea.

(SOUNDBITE OF MUSIC)

GREENE: SAC Capital Advisors is expected to plead guilty to securities fraud today. The hedge fund company has agreed to pay $1.8 billion to settle charges of insider trader. It's said to be the biggest fine ever in a case like this. The settlement will be announced at a news conference later today in New York City. And that's where we've reached NPR's Jim Zarroli. And Jim, explain for us, if you can, what SAC has actually agreed to here.

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5:12pm

Wed October 30, 2013
Economy

Fed, Citing A Still-Struggling Economy, Will Keep Buying Bonds

Originally published on Wed October 30, 2013 6:00 pm

Federal Reserve policymakers wrapped up their two-day October meeting Wednesday by announcing that they will maintain the Fed's $85 billion per month bond purchase program. The central bank's statement said that conditions in the labor market have "improved" and inflation is modest. But, in explaining the decision to maintain the stimulus, the statement pointed to a slowing housing market and said that fiscal policy is "restraining economic growth."

5:37pm

Wed October 9, 2013
Politics

Obama Makes Janet Yellen His Official Choice To Head The Fed

Janet Yellen is President Obama's choice to replace Ben Bernanke at the Federal Reserve. The announcement came Wednesday afternoon. If confirmed by the Senate, Yellen will be the first woman to lead the Fed.

5:03am

Wed October 9, 2013
Politics

Obama To Nominate Yellen To Lead Federal Reserve

The White House says President Obama will nominate Janet Yellen as the new head of the Federal Reserve Board. She has been a key player in the Fed's efforts to bring the economy back from the Great Recession. If confirmed, she would succeed Ben Bernanke.

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