Money

By Peter Valdes-Dapena, CNN Business As the new year begins, a number of popular electric vehicles, specifically some Tesla and General Motors models, could be eligible for $7,500 worth of tax credits they weren’t eligible for in 2022. But that eligibility may last only last a few months. That’s because limitations on new tax credits

By Allison Morrow, CNN When Sam Bankman-Fried bought a nearly 7.6% stake in Robinhood, the popular stock-trading app, earlier this year, he financed the deal with more than half a billion dollars borrowed from his own hedge fund — the entity that prosecutors say was illegally funneling customer funds from its affiliated platform, FTX. In

By Jennifer Korn, CNN Many Southwest customers have been desperately trying something — anything — that will get them back home. But some passengers have been horrified to find other airlines posting last-minute flights to their destinations that can cost thousands of dollars. United and American Airlines say they have a solution: The airlines will

By Danielle Wiener-Bronner, CNN In the pantheon of sodas, Dr Pepper is the odd one out: It doesn’t have the popularity or sales of Coca-Cola or Pepsi, you can’t use it in a standard cocktail, and it doesn’t fall neatly into a category like cola or root beer. For decades, the peppery soda has marketed

By Nathaniel Meyersohn, CNN Planning on returning that ugly Christmas sweater? It could cost you to return it online. Shoppers have become accustomed to free shipping and free returns in recent years, but Zara, H&M, J.Crew, Anthropologie, Abercrombie & Fitch and other chains are now slapping on fees of up to $7 to return items

By Anna Chernova, Swati Gupta and Ivana Kottasová, CNN Russian sausage magnate-turned-lawmaker Pavel Antov died in India on Saturday after falling from the third floor of his hotel, according to the Indian police. Antov’s death came after his friend and travel companion Vladimir Budanov died of a heart attack on Antov’s 65th birthday, two days

By Danielle Wiener-Bronner, CNN Several grocery items have gotten more expensive this year. But nothing comes close to the rise in egg prices. In the year through November, not adjusted for seasonal swings, egg prices jumped 49%, according to data from the Bureau of Labor Statistics. Since early this year, a deadly avian flu has

By David Goldman, CNN Business A punishing winter storm that dumped multiple feet of snow across much of America led to widespread flight cancellations over the Christmas holiday. By Monday, air travel was more or less back to normal — unless you booked your holiday travel with Southwest Airlines. More than 90% of Tuesday’s US

By Paul R. La Monica, CNN Oil stocks skyrocketed in 2022, so it’s no surprise funds that track the energy sector were Wall Street winners this year. But the top fund of the year is a surprising one: It invests in a variety of companies based in Turkey. The iShares MSCI Turkey exchange-traded fund had

By Matt Egan, CNN Business Gas prices will probably be significantly cheaper overall next year. Yet the national average could still climb back above the $4-a-gallon threshold as soon as May, according to GasBuddy projections shared exclusively with CNN. The good news is that GasBuddy, an app that tracks fuel prices, doesn’t expect a repeat