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☆ A millennial couple who moved to South Korea says $400 a month for full-time childcare is a huge perk
▼ + stars: | 2024-09-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

They're learning how to be parents in an unfamiliar environment, but there's one thing that could work in their favor: low childcare costs. The couple then moved to Seoul, South Korea, about two months ago, where they currently reside. "Full-time day care is really cheap," the 38-year-old told BI via email. Between 1983 and 2023, US childcare costs rose over 800% compared to a 300% increase for overall inflation, according to a BI analysis published last year. Are you struggling with high childcare costs?

Persons: —, Chris Oberman, Oberman Organizations: Service, Business, of America, . Bank of America, South Korean Locations: Netherlands, —, Beijing, Shanghai, Erbil, Iraq, Seoul, South Korea, China

☆ Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says
▼ + stars: | 2023-11-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The US could see a $46 billion wave of distressed high-yield debt next year, BofA warned. Higher interest rates could cause defaults and bankruptcies to peak in early 2024, experts warn. AdvertisementAdvertisementThat amounts to $35 billion in those three sectors alone, or around 75% of all high-yield defaults expected next year, strategists said. Federal ReserveExperts have been warning of a wave of defaults and bankruptcies to hit the market, especially as interest rates remain higher-for-longer. Meanwhile, total US bankruptcies and debt defaults could peak sometime in the first quarter of 2024, Charles Schwab estimated.

Persons: BofA, —, Charles Schwab Organizations: Service, Bank of America, " Bank of America, HY, Treasury, ICE Bank of America, Federal

☆ Bank of America: Buy these 22 stocks that will outperform as people look for ways to save in a recession that will push even high-income Americans to spend less
▼ + stars: | 2023-03-19 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

The firm has picked the stocks it thinks will win — and lose — as customers cut their spending. Bank of America thinks a recession is coming, despite the fact that the US economy is still holding up fairly well right now. "We see risks to higher-end exposed US stocks this year, in part due to an amplified wealth effect," Hall wrote. Hall thinks those could include winter clothing maker Canada Goose, home goods retailer Bed Bath & Beyond, electronics retailer Best Buy, and consumer products companies like Clorox and Kimberly-Clark. But the following 22 companies all have "Buy" ratings from Bank of America, and Hall expects them to benefit from the oncoming economic slump as high-earners cut back on spending.

☆ BANK OF AMERICA: Buy these 15 stocks that can give portfolios an extra boost when they beat earnings and sales expectations
▼ + stars: | 2023-02-05 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

Earnings are front and center for some of the largest US companies right now. Bank of America strategist Jill Carey Hall suggests investing in high-quality companies. Hall and her team say the following small- and mid-size companies are ripe for a strong earnings season. They all have "Buy" ratings from her firm's analysts and reported better-than-expected earnings and sales last quarter. Bank of America expects them to top expectations in the current period as well.

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☆ What Cramer is watching Tuesday — Nasdaq tough year, seasonal oil strength, P&G looking good
▼ + stars: | 2022-11-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Citi lowers DVN price target by $2 pe share to $78; keeps buy rating. Piper Sandler cuts Club holding Amazon (AMZN) price target to $119 per share from $125. Honeywell (HON), also a Club stock, is an underappreciated tech franchise, JPMorgan says. Zoom Video (ZM) catches multiple price target cuts on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Investors shouldn't wait for the Fed to rescue the market this time
▼ + stars: | 2022-09-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

"There may well be someplace where the Fed says they've turned the screws too hard. But, it's going to have to be something more exogenous," said Art Hogan, chief market strategist at B Riley Wealth Management. "If in fact there is a Fed put, it's certainly got a strike price that's much lower than where we are now." The Fed has had only limited success in slowing price increases, and a resilient labor market is pointing to continued inflation pressures. The result has been a Fed tightening policy more aggressively than it has done in at least 30 years, posing threats to economic and financial stability.

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