Finance

The technology giant is on the verge of becoming the first corporation to attain a $6 trillion market capitalization as investor capital rotates back into artificial intelligence chipmakers. However, analysts caution that the broader equity rally is growing increasingly concentrated, with only a quarter of S&P 500 companies currently trading above their 50-day moving averages.

The U.S. Department of the Treasury has withdrawn a long-standing regulatory proposal that would have required financial institutions and crypto firms to report substantial transactions involving self-hosted digital wallets. The decision removes a major potential compliance hurdle for the digital asset industry, even as the broader crypto market consolidates with Bitcoin trading steadily around the $86,000 range.

New macroeconomic data revealed that the U.S. trade deficit expanded sharply by 13.7%, reaching its highest gap in 17 months. This widening trade deficit was propelled primarily by a surge in incoming foreign goods, pushing total U.S. imports to a new record high despite a concurrent increase in industrial exports.