Republished with full copyright permissions from The San Francisco Press.

Elon Musk Denies Reports of Potential Starlink IPO:
In response to a Bloomberg News report, Elon Musk took to social media to dismiss claims of a potential Starlink IPO in 2024. Musk labeled the report “false,” emphasizing his intention to list Starlink only when revenue growth and cash flow become stable and predictable. Earlier this month, he shared the positive news that Starlink had achieved cash-flow breakeven, reflecting the company’s strong progress.

Concerns Emerge Over Elon Musk’s Health:
During Indian Minister Piyush Goyal’s visit to Tesla’s facility in California, he wished Elon Musk a speedy recovery, raising concerns about the entrepreneur’s wellbeing. Musk promptly responded with an apology for not being present during Goyal’s visit. While the exact reason for Goyal’s good wishes remains undisclosed, Musk’s response conveys his commitment to his business ventures.

Soft Landing: A New Economic Outlook:
Contrary to economists’ predictions of an impending recession, we now see a shift in expectations. The Wall Street Journal’s October survey reflects a fresh consensus among economists, with the average forecast signaling no recession. This revised outlook presents a unique scenario, as historically, the Federal Reserve has never managed to significantly reduce inflation without triggering a recession. The possibility of a soft landing is capturing attention and generating cautious optimism.

UK Inflation Drops Sharply, Easing Bank of England Concerns:
In a significant development, UK inflation has fallen sharply to 4.6%, more than halving since the beginning of the year. This drop relieves fears of an imminent interest rate hike by the Bank of England, as it remains above the 2% target but shows a promising downward trajectory. Prime Minister Rishi Sunak has successfully achieved his goal of halving inflation by the end of the year from its peak in the last quarter of 2022.

Berkshire Hathaway’s Investment Moves:
The renowned investor Warren Buffett’s Berkshire Hathaway has recently made noticeable changes in its investment portfolio. The conglomerate has exited positions in several long-held stocks, including General Motors, Procter & Gamble, Johnson & Johnson, Mondelez, UPS, Celanese, and Activision Blizzard. Meanwhile, it has also disclosed new positions in SiriusXM, the Atlanta Braves, and both “A” and “C” shares of Liberty Media Live. These moves in Berkshire Hathaway’s holdings indicate their commitment to adapting and capitalizing on new market opportunities.

Elliott Hedge Fund Experiences Personnel Changes:
Elliott’s London office has witnessed the departure of James Bayliss, a prominent trader, adding to a series of veteran departures over the past 18 months. Most of these individuals were closely associated with Gordon Singer, the son of Elliott’s founder, Paul Singer. Nabeel Bhanji remains as the only senior portfolio manager focusing on Elliott’s activist investing strategies in London. James Stott, head of global real estate, and Paul Best, who oversees European private equity, are among other key personnel in the London office.