Jim Zarroli
Stories
-
Business
'We Still Face Much Uncertainty': Pandemic Hammers Big Banks
The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo posts its first quarterly loss since 2008 and JPMorgan Chase sets aside billions to cover bad loans.
-
Business
How The Recession Has Benefited The Richest Of The Rich
While much of the country is mired in economic hardship, a small group has emerged richer. They've benefited from a buoyant stock market and tax code changes that have favored the wealthy.
-
Business
Stocks Rebound After Dramatic Plunge Spurred By A Spike In Coronavirus Cases
Major stock indexes are higher a day after the Dow lost 1,861 points amid spikes in new cases in states that had reopened their economies.
-
Business
Stocks Tumble As The Fed Warns Of A Long Recovery, Coronavirus Cases Spike
The Dow fell more than 800 points a day after the Fed warned that the coronavirus crisis "will weigh heavily on economic activity." The market drop comes as coronavirus cases are up in several states.
-
Business
The Economy Is In Trouble. Try Telling The Stock Market
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.
-
National
'I Didn't Deserve It': Pandemic Shut Down His Barbershop, Then A Fire Destroyed It
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.
-
National
Businesses Are Reopening, But Customers May Not Be Ready To Go Back
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.
-
Business
Listener Questions On The State Of The U.S. Economy, Answered
NPR's business correspondent takes listener questions on the state of the U.S. economy and unemployment.
-
Business
3.2 Million More Are Out Of Work As Jobless Claims Keep Piling Up
Another 3.2 million people filed for benefits, bringing the total number of jobs lost during the pandemic to 33.5 million. The government is expected to report a huge jump in unemployment Friday.
-
Business
Here's How The Small Business Loan Program Went Wrong In Just 4 Weeks
Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?