Business

A growing push for higher taxes on wealthy homeowners in New York is intensifying the debate over how far states should go to raise revenue, as policymakers weigh the broader economic impact on investment, housing and taxpayer behavior.FOX Business’ Connor Hansen joined FOX Business’ Stuart Varney on "Varney & Co." to report on the latest proposals, which center on a new tax targeting high-value second homes owned by nonresidents.The proposal […]

The head of the International Energy Agency says Europe has "maybe 6 weeks or so jet fuel left" amid shortages due to Iran's blockade of the Strait of Hormuz, the Associated Press reported Thursday.IEA Executive Director Fatih Birol offered the analysis in an interview, telling the AP that the Hormuz situation has caused "the largest energy crisis we have ever faced.""In the past, there was a group called ‘Dire Straits.’ […]

PepsiCo said Thursday its push to make snacks more affordable is bringing customers back, offering an early sign that consumers are starting to return after pulling back in recent years.The company reported stronger-than-expected quarterly results, with both revenue and profit rising. A notable change came in its North American food business, where demand for products like chips and snacks showed early signs of recovery.After a stretch where higher prices weighed […]

Mortgage rates fell this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.3% from last week's reading of 6.37%. The average rate on a 30-year loan was 6.83% a year ago.MIAMI OVERTAKES LOS ANGELES AND NEW YORK AS WORLD'S RISKIEST HOUSING MARKET FOR BUBBLE RISK"Compared to one year ago when rates were […]

Spirit Airlines is facing renewed financial pressure as rising fuel costs threaten to complicate its efforts to exit bankruptcy, adding uncertainty to its restructuring plan, according to reports. The low-cost carrier, which filed for Chapter 11 bankruptcy protection in late 2024, has been working toward a financial overhaul aimed at stabilizing operations and improving liquidity. But a recent surge in fuel prices – driven by the ongoing war with Iran – […]

Walmart is giving one of its most recognizable brands a fresh look for the first time in more than a decade.The retail giant announced Wednesday that it is rolling out a sweeping redesign of its flagship Great Value label, spanning nearly 10,000 food and household products. The effort marks the brand’s first full refresh in over 10 years and the largest private-label update in Walmart’s history."Great Value has earned customers’ […]

A Disney World fan account shared video suggesting the Florida theme park has revived its famous "Ladies and gentlemen" greeting, after ditching such phrases for gender-neutral messages years ago.The fan account, known on X as "Theme Park Cheetah," shared video purporting to show the return of the greeting."It was very nice to hear that ‘Ladies and Gentlemen’ has returned to the Magic Kingdom Express Monorail recently!" the account wrote in […]

More than 5,000 Graco infant car seats sold through Target, Walmart and other major retailers are being recalled in the United States after the company and federal regulators warned of an injury risk tied to the seat base.The recall applies to Graco SnugRide Turn & Slide car seats sold in the United States from January 2026 through March 2026 at Amazon, Babylist, Target, Walmart and on Graco's website."At Graco, the […]

Americans are facing a midnight deadline to file their 2025 tax return, but the refunds that await the majority of taxpayers are larger on average than a year ago with taxpayers in certain states receiving higher refunds, according to a new report.An analysis by Upgraded Points of how refund amounts have changed across geographic areas and income levels finds that the estimated average refund for 2026 is $3,571, with 72.9% […]