Jim Puzzanghera
Jim Puzzanghera writes about business and economic issues from the Times’ Washington, D.C., bureau. He joined The Times in 2006 and won the paper’s Editor’s Award in 2009 for coverage of the financial crisis. He has worked in the nation’s capital since 1998 and is a two-time National Press Club award winner for Washington coverage. A Northwestern University graduate, he previously worked for the San Jose Mercury News, Newsday and the St. Petersburg Times.
Recent Articles
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Our long stagnant-paycheck nightmare may finally be nearing an end
For millions of Americans, a reminder of the economic damage of the Great Recession has arrived every week or two for years — in their paychecks. Painfully slow wage growth has plagued the recovery, with many workers seeing few if any raises as they struggle to make ends meet. But there are signs...
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SpaceX explosion frustrates both Elon Musk's and Mark Zuckerberg's plans
An unmanned SpaceX rocket, topped by an Israeli satellite, was being prepped for a test firing Thursday morning at Cape Canaveral Air Force Station in Florida when something went wrong. The 604-ton Falcon 9 rocket was being fueled with a potent mix of liquid oxygen and rocket-grade kerosene propellant...
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Apple's Tim Cook says EU tax ruling is 'total political crap'
Apple Inc. Chief Executive Tim Cook on Thursday aggressively fought back against a European Union ruling that the company owed Ireland up to $14.5 billion in back taxes, calling the case “total political crap.” In two interviews with Irish media, Cook said Apple has done nothing wrong and was...
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U.S. companies add a solid 177,000 new jobs, ADP says
Private-sector employers added 177,000 net new jobs in August, payroll processing firm Automatic Data Processing said Wednesday, signaling that the labor market is continuing the steady growth that could soon lead to a Federal Reserve interest rate hike. The figure was down from an upwardly revised...
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Apple's $14.5 billion EU tax bill highlights overseas earnings hoard
European regulators have given Apple Inc. a new moniker to accompany its hard-earned titles of computer pioneer, high-tech design icon and world’s most valuable company: multibillion-dollar tax cheat. The European Union on Tuesday ordered Ireland to send the Cupertino, Calif., company a bill for...
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Consumer spending rises for fourth straight month as incomes post strong gains
Although the pace of growth slowed, consumer spending posted its fourth straight monthly increase in July, a sign that the economy is poised for a rebound in the second-half of the year. The Commerce Department reported Monday that personal consumption expenditures were up 0.3% last month, a solid...
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Fed Chair Janet Yellen: The case for another interest rate hike 'has strengthened in recent months'
Federal Reserve Chairwoman Janet L. Yellen signaled Friday that an increase in a key interest rate was on the table at the central bank’s next meeting in September but that a hike was far from a sure thing. In her first public comments in two months, Yellen said the economy was improving to the...
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Pfizer to pay $14 billion for Medivation, whose drug Xtandi was discovered by UCLA
Pharmaceutical giant Pfizer Inc. is paying $14 billion to buy Medivation Inc., a San Francisco biotech company that sells a high-priced prostate cancer medication discovered by UCLA. A year’s worth of the drug, Xtandi, sells for about $129,000, and the medicine has generated about $2.2 billion...