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Apple (AAPL.O) shares dipped slightly in the short term, with gains now narrowing to less than 1%.
February 12th - The U.S. governments fiscal deficit in January decreased compared to last year, while tariff revenue surged. The U.S. Treasury Department reported that customs duties collected in January totaled $30 billion, bringing the year-to-date total to $124 billion, a 304% increase compared to the same period in 2025. These tariffs helped slow the growth of the budget deficit. In the fourth month of the fiscal year, the fiscal deficit was approximately $95 billion, a decrease of about 26% compared to the same period last year. As of now, the federal government deficit is $697 billion, a 17% decrease compared to 2025. After calendar adjustments, the deficit has decreased by 21%.
US Treasury Secretary Bessenter: We are tracking the Iranian leadership and the funds it moves globally.
US Treasury Secretary Bessant: Trump is open to the Iran issue.
U.S. Treasury Secretary Bessenter: Mortgage rates and 10-year Treasury yields have both declined.