Did you earn interest on your high-yield savings account this year? Prepare to pay taxes on itInterest income is generally subject to ordinary income tax, impacting overall earnings from investments.Tax awareness is crucial for maximizing cash retention from interest income.
Coinbase profits soar over $1 billion from a year amid Bitcoin ETF boomCoinbase reported a $1.2 billion profit following a surge in cryptocurrency trading volumes due to the launch of Bitcoin ETFs.
JPMorgan and Bank of America are on track to report weaker profits in Q2Some of the largest U.S. banks may report weaker profits in Q2 due to lower interest income and increased provisions for bad loans.