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The market's win streak is no fluke: A Wall Street bull sees record gains ahead

The market's win streak is no fluke: A Wall Street bull sees record gains ahead

Finance
The market's win streak may be just beginning. Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year. He's partly building his bull case based on a chart pointing to negative market sentiment. "At the end of last year the bull-bear ratio, which is something we watch from Investors Intelligence, fell below one," the Yardeni Research president told CNBC's "Trading Nation" on Friday. "It's got an awfully good track record as a...
Thousands of taxpayers get notices for minor defaults

Thousands of taxpayers get notices for minor defaults

Finance
MUMBAI: Mridula stood shivering outside the magistrate court in Mumbai. It wasn’t the drop in temperature, but the thought that she could land in jail owing to a rigorous Income-Tax (I-T) provision, which did not look into the severity of her tax default. She had defaulted by 30-odd days on depositing TDS collected from her employees’ salary. Her two-year-old content company has six full-time employees and deals with freelancers when there is a spike in work. Mridula was shocked to get a notice from the I-T department saying: ‘To show-cause as why prosecution under section 276B, read with section 278B of the I-T Act, should not be launched.’ The sections deal with failure to deposit TDS with government, and the maximum imprisonment is 7 years. According to Mridula (name changed
One lakh entries but 1-KYC project still a dream

One lakh entries but 1-KYC project still a dream

Finance
BENGALURU: Along the lines of Tolkein’s “One ring to rule them all”, one of India’s most ambitious projects is the Central KYC Registry (CKYCR). It aims to do “one KYC for all accounts”. Be it banking, insurance or trading — the registry was supposed to make life extremely easy for the average Indian. Instead of submitting a plethora of documents to each and every financial institution, the CKYCR — under the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) — was supposed to be the master database, requiring only one-time submission of KYC details. Despite more than a lakh entities from the capital markets feeding their data into the registry since it started in June 2016, the project has still not taken off. This is primarily due t

AMC's Stubs Membership Is Soaring

Finance
[unable to retrieve full-text content]The idea of a subscription based ticket service to see the latest theatrical releases was a revolutionary idea when it was introduced by MoviePass a division of Helios and Matheson Analytics NASDAQ HMNY Unfortunately a viable business strategy was difficult to come by and Latest Articles in
The way stocks are gliding higher could be a bullish sign for the year

The way stocks are gliding higher could be a bullish sign for the year

Finance
Compared to the rough ride down, stocks have much more quietly and gently recovered more than 13 percent of their losses from the Christmas Eve low. That's good news for bullish investors, who expect that the turbulent Christmas lows marked the bottom of the rout that took the S&P 500 down 20 percent on an intraday basis. The S&P 500 Friday closed out a fourth week of gains and was up 13.6 percent from the Christmas Eve close. "It's a grind higher, but I think that's classic. The market takes the stairs up and elevator down. The elevator was a horror show in December. The market is just grinding its way back," said Ar...