Accessibility links
Jim Zarroli Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
Jim Zarroli 2010
Stories By

Jim Zarroli

Financial Turmoil Grips World Markets

Unlike Stocks, Credit Market Fails To Rebound

The stock market bounced back Tuesday, regaining nearly 500 of the 777 points it lost Monday. While the volatility in the stock market has gotten a lot of attention, many economists are much more concerned about what's happening in the credit markets.

Unlike Stocks, Credit Market Fails To Rebound

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/95211408/95222918" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Financial Turmoil Grips World Markets

Markets Plunge On Bailout's Rejection

Stocks are down sharply after the House of Representatives rejected a $700 billion bailout of Wall Street. At one point, the Dow Jones industrial average was down more than 700 points.

Markets Plunge On Bailout's Rejection

Listen · 3:40
  • Download
  • <iframe src="https://www.npr.org/player/embed/95187250/95187220" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Financial Turmoil Grips World Markets

Will Rescue Package Stabilize The Markets?

After a weekend of tense negotiations, lawmakers produced a $700 billion rescue package for Wall Street. The legislation includes limits on executive pay, oversight and a deal-sealing plan for eventually recouping losses. However, no one knows for sure whether that will be enough to stabilize the markets.

NPR's Jim Zarroli and Steve Inskeep talk about the bill's potential to stabilize the markets on 'Morning Edition'

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/95157328/95157307" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Economy

Washington Mutual Collapses

The battered savings and loan company Washington Mutual has become the latest casualty of the subprime mortgage disaster. Regulators say the bank fell over the edge because in the past week or so more and more customers began pulling their deposits out.

Washington Mutual Collapses

Listen · 4:06
  • Download
  • <iframe src="https://www.npr.org/player/embed/95105112/95105085" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Economy

Credit Markets Wary Ahead Of Deal

Money-market interest rates around the world have soared as financial institutions hoarded cash. In London, the three-month interbank offered rate jumped by the most since 1999. Analysts say the credit markets could improve once it's clear the bailout will be approved.

Credit Markets Wary Ahead Of Deal

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/95054409/95054373" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Financial Turmoil Grips World Markets

Buffett To Buy $5B Stake In Goldman

Warren Buffett is investing $5 billion dollars in Goldman Sachs. His decision comes at a critical time for Goldman. Buffett said he believes Congress will approve a plan to buy up bad mortgage debt from Goldman and other firms.

Buffett To Buy $5B Stake In Goldman

Listen · 4:03
  • Download
  • <iframe src="https://www.npr.org/player/embed/95007310/95007291" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Financial Turmoil Grips World Markets

Warren Buffett Backs Goldman Sachs

Amid all the uncertainty on Wall Street, investor Warren Buffett is giving a $5 billion vote of confidence to Goldman Sachs. The investment bank is considered to have a relatively strong balance sheet, but its stock has dropped sharply in the fallout of the subprime mortgage disaster.

Warren Buffett Backs Goldman Sachs

Listen · 1:17
  • Download
  • <iframe src="https://www.npr.org/player/embed/94973383/94973351" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Economy

Paulson, Bernanke Report To Capitol Hill

Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke visit the Senate Banking Committee to answer questions about the Wall Street bailout — and get a tough reception.

Paulson, Bernanke Report To Capitol Hill

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/94930790/94930782" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Financial Turmoil Grips World Markets

With Change, Era Of Investment Banks Ends

Goldman Sachs and Morgan Stanley, the last two big independent investment banks, announced Sunday night they are scrapping the old business model and becoming commercial bank-holding companies. The news came as a shock for those who work on Wall Street.

With Change, Era Of Investment Banks Ends

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/94900635/94900621" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Financial Turmoil Grips World Markets

Fed OKs Changes At Goldman, Morgan Stanley

The Federal Reserve says the last two big, independent investment banks, Goldman Sachs and Morgan Stanley, are scrapping the business model that made them so profitable for so long. They are now bank holding companies and are regulated by the Fed.

NPR's Jim Zarroli, Linda Wertheimer discuss Wall Street's changes on 'Morning Edition'

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/94876639/94876599" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Economy

Feds Issue Timeout On Short Selling

The Securities and Exchange Commission has issued a temporary ban on short selling of 799 financial industry stocks. Investors short a stock when they think it's more likely to go down than up. The move is a bid to calm jittery financial markets.

Feds Issue Timeout On Short Selling

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/94825974/94825946" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Financial Turmoil Grips World Markets

SEC Temporarily Bans Some Short Selling

The Securities and Exchange Commission temporarily banned on Friday the routine practice of short selling. That's when investors bet the price of a stock will fall. It's legal except when it's combined with spreading of false information. The ban on short selling applies only to financial stocks.

SEC Temporarily Bans Some Short Selling

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/94796396/94795847" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Economy

Little Cheer For Morgan, Goldman Amid Stock Yo-Yo

There has been no relief for Morgan Stanley and Goldman Sachs. Morgan's stock was down 43 percent at one point despite reports of ongoing talks with China Investment Corp., which already owns a nearly 10 percent stake in the investment bank.

Little Cheer For Morgan, Goldman Amid Stock Yo-Yo

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/94771317/94771304" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Financial Turmoil Grips World Markets

Worst May Not Be Over For Wall Street

The Federal Reserve's decision to lend AIG $85 billion did little to stem losses on Wall Street Wednesday. Stocks closed down as investors worried that the financial turmoil could soon spread to big names, including Morgan Stanley and Goldman Sachs.

Worst May Not Be Over For Wall Street

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/94748556/94748518" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Economy

Several Factors Contribute To Dow's Decline

The Dow has fallen by nearly 450 points. A high London Interbank Offered Rate, the stock value of a money market fund that lost money in the Lehman Brothers collapse, and fears the government may be stretching itself too thin with the bailout of American Insurance Group may have all contributed.

Several Factors Contribute To Dow's Decline

Listen
  • Download
  • <iframe src="https://www.npr.org/player/embed/94729660/94729620" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript