Yes, as a member of the Uchicha clan, it's very common to know the Fireball Jutsu.
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In English, Katon: Gōkakyū no Jutsu (cat-on go-kak-you no joot-soo) it literary translates into Fire Release: Great Fireball Technique. In the English dub anime characters say Fire Style: Fireball Jutsu. It has also been named Grand Fireball Jutsu.
It was more chakra for him to use in the future.
The Fire Chakra element allows you to use Fire Element Jutsus.. Like the Fireball Jutsu..
i miss him so much but itachi is actually alive again thanks to kabuto. kabuto used the reanimation jutsu and brought back itachi, deidara, sasori, nagato, and kakuzu back to life and now all of them are kabuto's salves.
*spoilers* Yes Itachi comes back during the great ninja war due to a reanimation jutsu later in the series, though i wouldn't technically call him alive. he assists Sasuke in fighting Sage Kabuto, at this time this is as far as the series is.