The Super Bowl theory — an NFC team winning the big game is a good indicator for stocks — hit a snag as stocks dropped sharply on news that really matters.
Worst January since 2010 as S&P 500 loses 3.6%, first monthly decline since August 2013.
Tactics include holding back on both the amount and timing of 401(k) matches and dragging out vesting schedules
After $1.2B yanked in June, $2.1B, the most ever, pulled in September.
<i>Breakfast with Benjamin:</i> January was rough, and though Seattle winning the Super Bowl is a good omen for stocks, it's going to be a bumpy ride. Also: How defined contribution assets surged, celebrating 25 years as a top PM, who to thank (or blame) for 401(k)s, finding gems in the emerging markets and who won the Super Bowl of advertising?
On today's menu: The bad omen of Amazon's earnings miss; lots of people are eating burritos; the Microsoft CEO search nears an end ... and the new guy has a big job ahead; Super Bowl ads and what you need to know about the Year of the Horse.
MetLife Inc., the insurer reducing variable annuity sales by more than half, said rivals that are expanding are probably retaining less funds to back the retirement products.
<i>Breakfast with Benjamin:</i> Big news from two tech giants: strong earnings and a gamechanging sale. Plus two questions: Should you worry about the rout in emerging markets and is your technology working for or against you? Also: A super price for a Super Bowl suite.
Dozens of brokers from John Thomas Financial Inc. have found new employers in New York's financial district.
