How to invest like a billionaire

NEW YORK (CNNMoney) Bill Ackman, who runs the hedge fund Pershing Square, had the best year among the "big guys." His portfolio gained nearly 47% this year, according to an analysis by iBillionaire. His ace bet this year was on health care company...

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Stocks: 4 things to know before the open

Click on the chart for in-depth market data. LONDON (CNNMoney) Here are the 4 things you need to know before the opening bell rings in New York: 1. Futures bounce: U.S. stock futures are pointing to modest gains to kick off Wednesday's session....

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Russia slashing vodka prices as economy reels

Russian President Vladimir Putin is known to enjoy his vodka with high-powered friends, including Chinese President Xi Jinping. LONDON (CNNMoney) The state agency that regulates the alcohol market said this month that it will slash vodka prices...

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Russian banks starved for cash as funding crisis worsens

LONDON (CNNMoney) The country's financial sector is under tremendous stress from the plunging value of its currency combined with Western sanctions imposed over Russia's actions in Ukraine. Starved of international funding sources, Russian banks...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the four things you need to know before the opening bell rings in New York: 1. Futures stumble: U.S. stock futures are pointing to a soft start as the price of oil continues...

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Up close with the New Year's Eve ball

Behold the official Waterford Crystal New Year's Eve ball at its home atop One Times Square in New York City. NEW YORK (CNNMoney) Over the last few days, engineers have been hard at work preparing for showtime. Electrical lines have been hooked...

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Time is running out for RadioShack

NEW YORK (CNNMoney) The company is saddled with more than 5,000 stores, many of which it can't afford to keep open. Unfortunately for Radio Shack, the company is so cash-strapped that it can't afford to close them, either. Closing stores is an...

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Coming in 2015: Uber and Airbnb IPOs?

NEW YORK (CNNMoney) But 2015 may wind up being an even bigger year for high-profile IPOs. Controversial ride sharing app Uber could be a monstrous hit on Wall Street if the company decides to go public. Bad publicity about drivers, tone-deaf comments...

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Get ready for a new Greek drama

The anti-austerity party Syriza is expected to win the most voter support during upcoming elections in Greece. LONDON (CNNMoney) The need for snap elections was triggered Monday after Greece's parliament was unable to secure enough votes to install...

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Time travel with Cuba's Frankenstein cars

NEW YORK (CNNMoney) But she doesn't work for any government. Instead, she sells her photos of cars and trucks -- usually vehicles that have not yet been revealed to the public -- to car magazines and auto enthusiast web sites hungry for even a camouflaged...

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New York City may ban Styrofoam cups

At issue in NYC is whether polystyrene, commonly known as Styrofoam, can be effectively recycled in a way that doesn't cost too much. NEW YORK (CNNMoney) Currently, most Styrofoam products used in the city end up in landfills. At issue now...

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Jim Beam born to Jack Daniels

Jim Beam Leathers was born on November 14, to Jack Daniels Leathers and Lydia Leathers. NEW YORK (CNNMoney) But for one Louisiana family, baby Jim Beam will fit in quite well. His father, Jack Daniels Leathers, 31, is also named after a stiff...

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JetBlue offers to fly police to NYPD funeral

NEW YORK (CNNMoney) The New York-based airline is also working with its partners to have family members of one of the slain officers, Wenjian Liu, flown in from overseas. Liu and a second NYPD officer, Rafael Ramos, were sitting in their patrol...

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10 least affordable rental markets

A Bronx tale: Rents are high, while incomes are low NEW YORK (CNNMoney) Tenants in the northern-most borough of New York City can expect to pay almost 68% of their income toward rent, with the 2015 fair market rent being $1,904 a month. Buying...

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Watching 'The Interview' online: absurdly amusing

NEW YORK (CNNMoney) Sony Pictures created an unprecedented event on Wednesday by releasing the controversial comedy on the Internet ahead of its Christmas arrival in theaters. Partly out of patriotic duty, partly out of fan-boy curiosity, I rented...

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T-Mobile is the tech company of the year

NEW YORK (CNNMoney) Sure, Apple (AAPL, Tech30) unveiled the iWatch and Apple Pay. Microsoft (MSFT, Tech30) has been on an absolute tear since new CEO Satya Nadella took over in February. Netflix (NFLX, Tech30) solved its speed issues. And Facebook...

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Stocks: 5 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Stocks just might close out Christmas Eve at fresh record highs. Here are the five things you need to know before the opening bell rings in New York: 1. Trading on Christmas Eve:...

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Sell your holiday gift cards for cash

If you don't want a Christmas gift card, you can sell it online through various websites and apps. LONDON (CNNMoney) If you receive a gift card over the holiday season that you don't really want, it may be time to consider selling it through...

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The new 'Obamaphone' is broadband

Like this 'Obamaphone?' Then you'll love Obama broadband. NEW YORK (CNNMoney) As you'd expect, the plan is controversial. The federal phone service subsidy for low-income Americans, officially called Lifeline, has actually enjoyed bipartisan...

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89 straight days of lower gas prices

NEW YORK (CNNMoney) The streak, the longest on record according to AAA, has shaved nearly a $1 off the national average price of regular gas, taking it to $2.38 a gallon for the first time in five years. September 25 was the last day prices were higher...

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Norwegians love Tesla more than Americans

The small country of Norway has the highest proportion of Tesla drivers in the world. LONDON (CNNMoney) Since Tesla (TSLA) launched its Model S in oil rich Norway in 2013, Elon Musk's company has sold nearly 6,000 cars, accounting for 3% of all...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) After a late start, the Santa Claus rally seems to be in full swing and could push stocks higher Monday. Here are four things you need to know before the opening bell rings in New York:...

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The top 10 money stories of 2014

NEW YORK (CNNMoney) Here are the top 10 business stories of 2014, as selected by the staff of CNNMoney. 1. Oil prices plunge. The huge decline in oil prices is great for U.S. consumers. The price of gas tumbled along with oil. But lower energy...

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Union retirees: Don't cut my pension

Dave Scheidt and his wife Becki worry that their pension benefits will be cut. NEW YORK (CNNMoney) Aimed at saving some of the country's largest pension funds from the brink, the law will allow multiemployer pension plans that are projected to...

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A defiant Sony scrambles to find a way out for 'The Interview'

NEW YORK (CNNMoney) This weekend the embattled movie studio is in active discussions with potential distribution partners, figuring out if there's a way forward for the film that provoked a crippling cyberattack, an FBI investigation and a presidential...

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Last-minute Christmas shopping guide

NEW YORK (CNNMoney) You've already missed the deadline for free shipping from Amazon (AMZN, Tech30), for example. (It was Friday.) But the online store says gifts ordered as late as Tuesday can still be under the tree on Thursday if you pay for...

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Republicans to theaters: Don't be 'bullied,' show Sony's 'The Interview'

NEW YORK (CNNMoney) In a letter obtained first by CNN, RNC chairman Reince Priebus encouraged the CEOs of 10 major theater chains to show the controversial comedy starring Seth Rogen and James Franco. "I want to speak clearly on behalf of the Republican...

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Avon fined for bribing Chinese officials with Gucci bags

Avon has been fined $135 million by the SEC for allegedly paying bribes to Chinese government officials. HONG KONG (CNNMoney) The SEC alleged that Avon's subsidiary in China doled out $8 million in bribes -- cash, gifts, entertainment, and travel...

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Stocks: 4 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Despite going on a tear over the last two days, the Dow, S&P 500 and Nasdaq are still in negative territory for December after the oil price crash and Russia's ruble crisis shocked...

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Russian crisis kills big German gas deal

Going nowhere: BASF and Gazprom have canceled a multi-billion dollar gas deal. LONDON (CNNMoney) BASF (BASFY) said it had dropped plans to hand full control of its gas storage and trading business to Russia's Gazprom (GZPFY) in exchange for stakes...

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Putin blames the West for Russia's misery

President Vladimir Putin said it could take Russia two years to recover. LONDON (CNNMoney) Speaking to journalists at his annual news conference, Putin said it could take Russia two years to overcome the tough economic situation facing the country....

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The best thing to do now for your portfolio

NEW YORK (CNNMoney) The Dow and S&P 500 have both shed about 3% in December. Take your pick of what to be most concerned about: cheap oil, a flat-lining Europe, a slowing China, Russia on life support, the Federal Reserve taking away the stimulus...

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