Trump–Xi Trade Deal Hopes, OpenAI’s $130B Shift, and Tesla’s $1 Trillion Ultimatum

Money Masters' Market Movers 44

October 29, 2025

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Dear Money Master,

This week, President Donald Trump has hinted that the U.S. and China are “poised for a deal,” sparking optimism across Asia. Meanwhile, China’s industrial profits just posted their strongest surge in two years, a signal that Beijing’s economy may be stabilizing.

On Wall Street, earnings season is underway: UPS rallied after a massive cost-cutting overhaul, HSBC beat forecasts despite billion-dollar legal provisions, and UnitedHealth raised its 2025 profit outlook amid a strong turnaround.

In tech, there were big moves, with Nvidia taking a $1 billion stake in Nokia, signalling a global race to own the next generation of AI and 6G infrastructure, while OpenAI restructured into a $130 billion powerhouse with Microsoft as its biggest backer.

And just to keep the drama alive, Tesla’s board is warning shareholders that without Elon Musk’s $1 trillion pay package, the world’s most controversial CEO might walk away.🪙💼

📰 Your Daily Financial Digest - October 29th, 2025

🌍 Economics & Finance:

  1. Trump Signals Breakthrough in U.S.–China Trade Talks 🤝
    President Trump said Washington and Beijing are “poised to come away with a deal” ahead of his meeting with Xi Jinping. The U.S. also deepened trade cooperation with ASEAN members, expanding exports in energy, agriculture, and aviation. Read More

  2. China’s Industrial Profits Surge 21.6% 📈
    China’s industrial sector saw profits jump sharply as Beijing’s crackdown on price wars stabilized margins. September’s 21.6% gain marked the strongest reading since 2023, signaling a rebound in manufacturing momentum. Read More

  3. Private Sector Adds 14,000+ Jobs Weekly, ADP Finds 💼
    ADP data showed steady job creation averaging 14,250 new roles per week in October. The firm’s new weekly updates, replacing government labor data during the shutdown, offer a real-time view of hiring trends. Read More

💻 Technology:

  1. Nvidia Buys $1B Stake in Nokia to Power AI-Driven 6G Networks 🚀
    Nvidia’s investment sent Nokia shares up as the two companies team up on next-gen 6G infrastructure. Nokia will optimize its telecom software to run on Nvidia’s AI chips, deepening its shift toward AI-enabled connectivity. Read More

  2. Saudi Arabia Poised to Become Global AI Data Hub 🌍
    Groq CEO Jonathan Ross said Saudi Arabia could become a key AI data center exporter thanks to its vast energy reserves. The initiative supports Vision 2030’s strategy to diversify away from oil dependency. Read More

  3. OpenAI Completes $130B Recapitalization with Microsoft Support 🤖
    OpenAI restructured under a new foundation-led model holding a 26% stake in its $130B for-profit arm. Microsoft now owns roughly 27%, aligning with OpenAI’s pivot toward a public benefit corporation structure. Read More

  4. Tesla Board Warns Musk May Leave Without Trillion-Dollar Pay 💰
    Tesla’s board urged shareholders to approve Elon Musk’s $1T compensation plan ahead of its Nov. 6 vote, warning that losing Musk could erode Tesla’s value as it expands into robotics and autonomous systems. Read More

💹Earnings:

  1. HSBC Beats Q3 Estimates Despite Legal Costs 💷
    HSBC reported pre-tax profit of $7.3 billion, topping forecasts of $5.98B, even as higher expenses dragged results lower. The lender expects over $43B in net interest income for 2025 and strong fee growth from its wealth division. Read More

  2. UPS Surges After Q3 Earnings Beat and Major Job Cuts 📦
    UPS posted adjusted EPS of $1.74 versus $1.30 expected, while cutting 48,000 jobs to streamline operations. The delivery giant eyes a stronger holiday season after deeper-than-expected cost reductions. Read More

  3. UnitedHealth Raises 2025 Profit Outlook as Turnaround Gains Speed 💊
    The U.S. insurer lifted its 2025 adjusted EPS forecast to at least $16.25, ahead of expectations, after keeping medical costs in check. CEO Stephen Hemsley’s return appears to be stabilizing operations. Read More

  4. Wayfair Shares Soar on Strong Q3 Results 🛋️
    Wayfair beat Wall Street forecasts with $3.12B in revenue and $0.70 adjusted EPS, signaling improved efficiency. The retailer’s U.S. sales rose 8.6%, and its exit from Germany helped boost core profitability. Read More

  5. Lululemon Partners with NFL for Official Apparel Line 🏈
    Lululemon launched a 32-team NFL-branded clothing collection, marking its first official sports league collaboration. Read More

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