FOX Business News

The Walt Disney Co. on Friday is asking a Florida judge to toss out a lawsuit against the company’s efforts to neutralize a takeover of Disney World’s governing district by Gov. Ron DeSantis. The hearing, scheduled in state court in Orlando, involves one of two cases between the Disney and […]

Farmers Insurance has issued a “horrible excuse” as to why the provider is fleeing the Sunshine State, according to Florida’s chief financial officer, “Farmers has become the Bud Light of the insurance industry,” Jimmy Patronis said on “Varney & Co.” Friday. “They’ve been prescribing to the United Nations proclamations and […]

Based on data compiled by Credible, mortgage rates for home purchases have fallen for three key terms, while one held steady since yesterday. Rates last updated on July 14, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 […]

JetBlue Airways announced Friday that it’s dropping popular benefits with American Airlines this month after being forced to wind down their two-year partnership.  Starting July 21, the two carriers will no longer be able to sell tickets on each other’s flights, an arrangement called codesharing, JetBlue said. The carriers will […]

Texas power usage hit a preliminary all-time high on Wednesday as sweltering heat continues to bake the state.  Data from the Electric Reliability Council of Texas (ERCOT), the Texas power grid operator, showed a measurement of a preliminary 81,112 megawatts.  That measurement tops the grid’s previous record of 80,828 megawatts […]

More than half (58%) of employed Americans delayed routine healthcare in the past three years because of cost concerns, a recent survey said. Additionally, 69% of those putting off care due to cost and insurance barriers, had three or more chronic conditions, compared to 51% with none, according to the survey by […]

JPMorgan Chase reported Friday a 67% jump in second-quarter profit as it earned more from borrowers’ interest payments and benefited from the purchase of First Republic Bank. In May, the Federal Deposit Insurance Corporation (FDIC) accepted a bid from JPMorgan to assume all deposits of First Republic Bank. The purchase […]

Internal Revenue Service Commissioner Daniel Werfel said Thursday that the agency collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months. Around 100 high-income individuals reportedly attempted to get favorable tax treatment through Puerto Rico, without meeting certain requirements.  “It just shows you […]

The average rate for a 30-year fixed rate mortgage increased to 6.96% for the week ending July 13, up from last week’s average of 6.81%, Freddie Mac reported. Meanwhile, the average rate for a 15-year fixed-rate mortgage increased to 6.30%, up from last week when it averaged 6.24%.  “Mortgage rates […]

Electrolux Group, an appliance company that manufactures Frigidaire products, has announced a recall of several thousand washer-dryer combo machines that were sold across the U.S. after nearly two dozen caught fire. The recall involves Frigidaire Gas Laundry Centers products which were sold at Lowe’s, Home Depot and other stores between […]