Interest Earnings Last Year May Boost Your Tax Bill—Here's What You Can Do To Lower It
KEY TAKEAWAYS The Federal Reserve kept interest rates higher than usual in 2024, making savings accounts more profitable and, ...
Smart Moves To Make Now To Avoid A Larger 2025 Tax Bill While Earning Interest
KEY TAKEAWAYS Interest rates are expected to be held at higher-than-usual levels this year, making high-yield savings ...
Bank of America expects record net interest income in 2025
Bank of America expects record net interest income in 2025, the head of its retail banking unit said on Tuesday.
Trump Media: Interest Income Might Actually Halt Cash Burn
Trump Media's cash position grew to $672M by Q3 2024, potentially yielding $28M annually from interest income. Click here to ...
Increased interest income: A blessing and a curse
Rising interest rates have been a double-edged sword. While they’ve been tough on borrowers, savers have seen a significant ...
Trump wants to close the carried interest tax loophole, a longtime target of Democrats
The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge ...
Next week: Housing starts, Fed minutes and Walmart earnings
The Commerce Department on Wednesday reports on housing starts for January and the Federal Reserve releases minutes from its most recent policy meeting.
JPMorgan still sees mid-year trough in net interest income, CFO says
Chief Financial Officer Jeremy Barnum said Tuesday the mid-year trough narrative regarding the bank's net interest income "is ...
Savers could be facing an unexpected tax bill - what does it mean for you and what are interest earning limits?
Savers have been reminded that they could get an unexpected bill from HM Revenue and Customs (HMRC) due to interest earned - ...