Rafael Nam
Rafael Nam is NPR's senior business editor.
Nam is an experienced financial correspondent and editor with over two decades of experience. He has been with NPR since 2020.
He spent the bulk of his career for Reuters in Asia, starting as a stock market correspondent in Seoul, South Korea, and then moving on to Hong Kong to cover investment banking, where he often broke news on major deals. He also helped launch an online financial video unit, serving as an anchor and analyst.
Nam then led the markets and central bank teams in India. His teams reported on big stories, including a collapse of the Indian Rupee currency and the surprise government move to get rid of high-denomination currencies.
In India, he spent months investigating an insider trading scheme in Indian stock markets, His story led to regulatory investigation of traders that shook the financial sector. [Copyright 2025 NPR]
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The U.S. Court of Appeals for the Federal Circuit, in Washington, D.C., delayed enforcing its decision, which is expected to be appealed to the Supreme Court.
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From inflation to recession, we who cover the economy and business at NPR get asked about tariffs all the time. Here are some of the most frequent questions — and what we answer.
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The president says his tariffs will spur America into a "golden age," but that remains far from certain. Here are five things about how his trade policies could impact the U.S. and global economies.
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Investors are reacting to Trump's latest plans to impose a wide range of tariffs. A weaker-than-expected jobs report magnified concerns about how these import taxes would impact the economy.
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President Trump's tariffs could hit the economy badly and lead to higher inflation. But Wall Street investors are reacting by sending stocks to record highs.
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President Trump visited the Federal Reserve to inspect an ongoing renovation and disagreed with the Fed chair about the project's final cost in an extraordinary moment.
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President Trump seemed willing to allow Jerome Powell to complete his term as chair of the Federal Reserve — at least for now. His comment comes as he and his administration continue to attack Powell.
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Congress passed the first major crypto legislation in the U.S., marking a major milestone for the digital currency sector. And with President Trump's support, the industry plans to march on.
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It was a remarkable win for the crypto industry — and for President Trump, who campaigned on making the country "the crypto capital of the planet."
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Stablecoins are meant to be a safer type of cryptocurrency. Now, Congress is preparing some rules around it.