The Massachusetts Securities Division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings.
U.S. stocks rallied the most for a week since December as comments from Federal Reserve Chair Janet Yellen reassured investors about the strength of the economy and corporate earnings exceeded estimates.
Treasuries ended a three-day losing streak, the longest this year, after U.S. employers added fewer jobs than forecast for a second month in January, adding to concern that growth in the world’s biggest economy is uneven.
A measure of U.S. corporate credit risk declined as data showed the economy expanded at a 3.2 percent pace in the fourth quarter and Americans’ spending climbed. Verizon Communications Inc. plans to sell $500 million of bonds.