Business news

• Target stores to stop accepting personal checks

  08-07-2024 23:40 via foxbusiness.com
  
  Target Corp. is killing off the use of personal checks at its stores for good."Due to extremely low volumes, we'll no longer accept personal checks starting July 15," Target said in a statement to FOX Television stations. "We have taken several measures to notify guests in advance to aid an easy and efficient checkout experience."Target will still allow customers to write checks through its Target Circle Week sale, which is going on this week through Saturday.After the retail giant stops accepti
  
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• Apple Watch to have larger face size in Series 10 models

  08-07-2024 23:33 via foxbusiness.com
  
  Apple is poised to incorporate a larger screen size and some other upgrades when the tech giant releases its Series 10 smartwatch, according to Bloomberg.The outlet reported on Sunday that the planned upgrades for the two Apple Watch Series 10 models may be linked to the smartwatch celebrating its upcoming 10-year anniversary. The change in screen size will make the Series 10 more in line with that of the Apple Watch Ultra, according to Bloomberg. The Apple Watch Ultra 2 features a 49 mm ca
  
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• Tesla investors call for judge to reject 'outlandish' $7 billion legal fee in Musk's pay case

  08-07-2024 23:25 via foxbusiness.com
  
  Tesla shareholders are set to appear in a Delaware court on Monday to call for the judge to reject the "outlandish" request for $7 billion in attorneys' fees to be paid by the company to the legal team that led the challenge to CEO Elon Musk's $56 billion pay package.The record fee request was made by investor Richard Tornetta on behalf of the three law firms that represented him in the lawsuit against Musk's compensation plan, which is believed to be the largest among CEOs of publicly traded co
  
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• El Pollo Loco customer leaves drive-thru after seeing 'crazy' prices: 'I was not going to get ripped off'

  08-07-2024 22:12 via foxbusiness.com
  
  A customer at an El Pollo Loco drive-thru was left shocked at the price increases during a trip to the fast-food chain, according to a video posted on social media. TikTok user Josie (@josieherrera65) filmed the menu at an El Pollo Loco drive-thru, as well as her reaction."I remember when a 12-piece Family Meal was $12.99. Now, it’s $43.99," Herrera said in the video. "I was okay when it was $23.99, $28.99, but $43.99? "That is crazy."FIVE GUYS' PRICES SPARK OUTRAGE AFTER $24 RECEIPT
  
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• Americans' confidence in higher education drops 21 points since 2015

  08-07-2024 20:46 via foxbusiness.com
  
  Americans' confidence in higher education has been steadily eroding for several years, and fresh data shows the trend is ongoing amid rising concerns over political agendas being pushed on campuses and whether the cost of a college degree is worth it.New results from a poll conducted by Gallup and the Lumina Foundation released Monday show only 36% of U.S. adults have a great deal or quite a lot of confidence in higher education, down from 57% in 2015.Another 32% of respondents said they have so
  
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• WWE touts historic numbers for Money in the Bank premium live event

  08-07-2024 20:33 via foxbusiness.com
  
  WWE said it made history with its Money in the Bank premium live event at the Scotiabank Arena in Toronto over the weekend.The company said Monday that Money in the Bank set a new gate record in Canada as well as made historic marks in viewership, merchandise sales and social media impressions.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMWWE said Money in the Bank was the highest-grossing arena event in Canada in the company’s history and was the most-watched Money in the Bank eve
  
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• This week's personal loan rates rise for 3-year loans, while 5-year rates fall

  08-07-2024 20:08 via foxbusiness.com
  
  Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before.For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between July 1 and July 7:Personal loans have become a popular way to consolidate debt and pay off credit card debt and other loans. They can also be used to cover unexpected a
  
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• With supply rising and prices dropping, is it time to buy a new car?

  08-07-2024 20:04 via cbc.ca
  
  For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better.
  
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• Bloomberg's donation to Johns Hopkins gives medical students free tuition

  08-07-2024 19:42 via foxbusiness.com
  
  Business titan and former New York City Mayor Mike Bloomberg's charity is trying to ensure that the majority of Johns Hopkins medical students can graduate debt free. On Monday, Bloomberg Philanthropies announced that it is donating $1 billion to cover the tuition for the "majority of students" at Johns Hopkins University School of Medicine, effectively driving down the average student loan debt for the school to $60,279 by 2029. However, "students from the vast majority of American fa
  
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• 'Mass brawl' forces Ryanair 'flight from hell' to make emergency landing after just 36 minutes

  08-07-2024 19:35 via foxbusiness.com
  
  A Ryanair "flight from hell" was diverted for an emergency landing just 36 minutes after takeoff due to a "mass brawl" that broke out between travelers aboard the aircraft, according to passengers.The flight departed from Agadir, Morocco, to London on Wednesday when the disturbance broke out mid-flight, the Sun reported. "It was so stressful. It was like the flight from hell," an unnamed passenger told the outlet. "And it all escalated from that one passenger wanting to change seats."The pa
  
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• US home prices just hit another all-time high

  08-07-2024 18:29 via foxbusiness.com
  
  The cost of buying a new house just hit another all-time high, according to new data. Findings from Redfin show the median U.S. home sale price soared to $397,954 in June – a nearly 5% increase from a year earlier. That marks the highest level on record and the biggest annual increase since March.The monthly mortgage payment at that price, when accounting for the 6.86% median interest rate for a 30-year mortgage, is now $2,749. That is roughly $88 shy of April's record, thanks to a sl
  
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• Chicago suburb homeowner 'devastated' after property tax bill erroneously skyrockets from $1,800 to over $30K

  08-07-2024 17:32 via foxbusiness.com
  
  A suburban Chicago homeowner was "devastated" when a clerical error made his property tax bill skyrocket from $1,800 to over $30,000, but local reports say he isn't the only victim."I was literally devastated," the homeowner, Darryl Lloyd, told FOX 32 in Chicago.Lloyd lives in Chicago Heights, an unincorporated Chicago metropolitan area suburb where he purchased his 1950s home for $115,000 in 2006. RISING PROPERTY TAXES ARE A HOUSING MARKET KILLERAccording to the Daily Mail, the single-floo
  
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• Paramount agrees to merger with Skydance

  08-07-2024 17:19 via foxbusiness.com
  
  Paramount Global and Skydance Media have reached a deal to merge the two media companies together, according to a Sunday joint statement. The proposed merger comes after reports of renewed talks between the two companies emerged earlier in the month and after months of interest from various potential bidders.Paramount Global and David Ellison’s Skydance Media said the merger will occur in two steps. According to the companies, the Skydance Investor Group will pay $2.4 billion for
  
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• Mortgage rates crept back up closer to 7% as home prices also jump up

  08-07-2024 17:04 via foxbusiness.com
  
  Mortgage rates jumped up this week, hovering closer to 7%. This jump ended week's run of dropping rates. Interest rates for 30-year, fixed-rate mortgages averaged 6.95%, Freddie Mac reported."Mortgage rates increased this week, coming in just under seven percent," Sam Khater, Freddie Mac’s chief economist, explained. "Both new home and pending home sales are down, causing active listings to rise. We are still expecting rates to moderately decrease in the second half of the year and given a
  
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• Spirit non-alcoholic mixes produced in unlicensed, uninspected facility recalled

  08-07-2024 16:44 via foxbusiness.com
  
  A West Coast beverage company is recalling non-alcoholic drink mixes that were produced in an unlicensed and uninspected facility, and "may cause health risks." According to a recall notice posted by the U.S. Food and Drug Administration (FDA), Urban River Spirits' recalled products, packaged in 750 ml bottles, need to undergo additional shelf stability testing requirements from the Oregon Department of Agriculture.Currently, officials cannot determine the product's safety "due to potential
  
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• Today's mortgage rates for 15- and 30-year terms plummet | July 8, 2024

  08-07-2024 15:46 via foxbusiness.com
  
  The interest rate on a 30-year fixed-rate mortgage is 6.625 as of July 8, which is 0.365 percentage points lower than on Wednesday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is 0.375 percentage points lower than on Wednesday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms and fees to ensure you
  
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• Disneyland new limits on disability access has parkgoers upset, calling for change

  08-07-2024 15:15 via foxbusiness.com
  
  It has been three months since Disney announced changes to disability access for guests at its theme parks, and now some disabled guests are demanding action.The changes went into effect May 20 at Walt Disney World in Florida and June 18 at California's Disneyland. Disability Access Service (DAS) is a free service that allows those with disabilities to get a return time for attractions rather than wait in a standard line. It used to be much easier for guests to get DAS accommodation, but no
  
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• Boeing agrees to plea deal to avoid criminal trial over deadly 737 Max crashes

  08-07-2024 15:02 via foxbusiness.com
  
  Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to avoid a criminal trial in connection with a Justice Department investigation into two deadly crashes involving 737 MAX jetliners, FOX Business can confirm.The criminal case relates to two 737 MAX jetliner crashes in Indonesia and Ethiopia in 2018 and 2019 in which 346 people were killed, leading to demands from the victims' families for Boeing to face prosecution."We can confirm that we have reached an agreement in princi
  
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• Paramount announces $28B US merger with Skydance, a new era for famed Hollywood studio

  08-07-2024 14:54 via cbc.ca
  
  Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.
  
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• Boeing to plead guilty to criminal fraud, pay $243M US fine in proposed deal over fatal crashes

  08-07-2024 13:47 via cbc.ca
  
  Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people, including several Canadians, after the U.S. government determined the company violated an agreement that had protected it from prosecution.
  
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• Commission finds COVID pandemic caused $18 trillion in economic damage to US

  08-07-2024 12:00 via foxbusiness.com
  
  A new report by the Heritage Foundation's Nonpartisan Commission on China and COVID-19 found that the COVID pandemic caused $18 trillion in economic losses to the U.S. and placed blame for the outbreak on the Chinese government.FOX Business exclusively viewed an advance copy of the report, which estimated that as of December 2023, the pandemic's total economic cost in the U.S. topped $18 trillion after taking into account several ways in which the pandemic affected the economy.That figure includ
  
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