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- The Cynic: October 30
The Cynic: October 30
The Cynic
October 30, 2025
In partnership with
BUSINESS
This Week’s Business News
Trump–Xi meeting revives hope for a U.S.–China trade truce—Wall Street’s favorite déjà vu plotline.
REUTERS
Markets jumped after officials confirmed that Trump and Xi will meet to discuss trade and security, with sources hinting at “constructive progress.”
It’s the latest twist in a diplomatic soap opera that’s been running longer than Grey’s Anatomy.
If both sides play nice, tariffs might cool—but traders already priced in world peace by noon.
A TikTok deal between the U.S. and China could be signed next week, Treasury Secretary Bessent says.
REUTERS | Jeenah Moon
Bessent told reporters negotiations are in their “final stages,” suggesting an agreement that would address ownership, data storage, and U.S. oversight could be wrapped soon.
The White House, which has been juggling national security and Gen Z’s attention span, seems eager to end the saga.
If it actually closes, the first viral video will probably be someone announcing, “We did it, fam.”
Eli Lilly raised its forecast again because apparently, America’s GDP is now 30% GLP-1s.
REUTERS | Hemanshi Kamani
Strong demand for its weight-loss drugs—Zepbound and Mounjaro—pushed revenue and profits beyond expectations.
The company says supply is improving, which is corporate code for “we bought more factories.”
In short, the U.S. is slimming down, and Lilly’s shareholders are bulking up.
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REAL ESTATE
This Week’s Real Estate News
The Fed’s latest rate cut gave homebuyers a small dose of hope—and realtors a reason to text you again.
AFP | Getty Images
Adjustable-rate mortgages are finally dropping, refinancing is up, and affordability doesn’t feel like a myth anymore.
The move gives buyers just enough confidence to schedule another “casual showing” of the same overpriced ranch.
It’s still rough out there, but at least now, it’s rougher with a slightly cheaper loan.
The Fed’s rate cut also hit your wallet in three ways—cheaper debt, slower savings, and one smug banker.
Courtesy of Zuri Gardens
Credit card APRs should ease in the coming months, mortgage costs are falling, and savings rates are already heading back toward disappointment.
For borrowers, it’s a small win. For savers, it’s time to remember what 0.5% feels like.
Economically speaking, the Fed giveth—and the banks holdeth for “processing.”
Mortgage rates dropped to their lowest level in over a year, and refinancing demand exploded 111% higher.
REUTERS
MBA data show homeowners flooding lenders again, hoping to shave a few points off their monthly pain.
Even buyers are perking up after months of paralysis—proof that rate cuts still beat hope as a motivator.
Somewhere, a loan officer just upgraded to oat milk.
“You guys cheer me up.”
FUN
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I make the bold rich, the calm secure,
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ADVICE
This Week’s Business Advice
“If your company needs a new meeting to talk about the last meeting, you don’t need better strategy—you need better people.”
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