Personal Finance

Once primarily used for financing purchases such as washing machines or winter coats when the economy was floundering, layaway has a whole new look. Now called point-of-sale loans, installment payments are once again shaking up how consumers finance purchases — on everything from sneakers to skin care. “As brick-and-mortar retailers continue to face challenges, many
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Warren Buffett Gerard Miller | CNBC Billionaire Warren Buffett is a master when it comes to investing. The Berkshire Hathaway CEO is famous for buying and holding stock — and not giving in to the volatility of the market. He’s also well-known for taking big stakes in companies, such as the $900 million worth of
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FluxFactory | E+ | Getty Images Nobody likes to get a poor grade. But those online “test-your-financial-literacy quizzes can be irresistible. They’re short. You think you’ll do pretty well. Then, wham. You failed. How bad should you feel? Probably not very. When U.S. managers, including corporate executives, were tested on basic financial literacy, the average
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