[Morning Report] Bankrupt WeeWork, Co-founder Considers Acquisition, Quarterly Earnings Exceeded Market Expectations

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Trump's 2020 Presidential Election Round Without Granting Immunity Privileges - Federal High Court
Regarding the issue where former US President Trump was prosecuted for trying to reverse the results of the 2020 presidential election, the federal high court in Washington rejected an appeal for immunity privileges by Mr. Trump. We are one step closer to the possibility that a trial will be held before the November presidential election.

WeeWork's bankrupt co-founder considers acquisition plan with Third Point
Adam Newman, the co-founder of US WeeWork, whose management went bankrupt due to an investment of the SoftBank Group, is considering an acquisition plan for WeeWork together with funders including the hedge fund management company Third Point.
Related articles:Is US genetic testing invite filing for bankruptcy or SoftBank G Investment

US Cleveland Fed President Warns of Premature Interest Rate Cuts
President Loretta Mester of the US Cleveland District Federal Reserve sounded an alarm on the 6th that premature interest rate cuts would put part of the progress in inflation control at risk, and interest rate policies could be reversed.
Related article: MiNeapolis Fed President Has Not Reached the Final Point Against Inflation

US Treasury Secretary Yellen is concerned about commercial real estate — supervisory authorities are responding
US Treasury Secretary Yellen expressed concern about losses in the commercial real estate sector in her congressional testimony on the 6th, and stated that the US regulators are responding to ensure sufficient loan loss provisions and liquidity in the financial system.

Ford's quarterly results exceed market expectations — showing further profit growth prospects
rice $Ford Motor (F.US)$The 2023/10-12 (fourth quarter) financial results announced on the 6th exceeded market expectations.

AI's “back door”, Super Micro stocks surpassed NVIDIA by 700%
$Super Micro Computer (SMCI.US)$The stock price has risen more than double the level at the beginning of the year. The momentum of last year, which surged about 250%, continues, and returns well exceed other AI-related brands such as NVIDIA, Advanced Micro Devices (AMD), and Microsoft

KIOXIA sees no way out of deficit even with huge investment state subsidies under severe winter
KIOXIA HOLDINGS, a major semiconductor memory company, will increase production capacity. Rice to operate a domestic joint venture production subsidiary on the 6thWestern DigitalA total of 729 billion yen was invested in collaboration with (WD), and the Ministry of Economy, Trade and Industry announced that it will subsidize a maximum of 243 billion yen, which is one-third of this.

TSMC raises production by 20% in Japan, the US, and Europe in a hurry to get rid of “Taiwan concentration”
Taiwan Semiconductor Manufacturing (TSMC), the world leader in semiconductors, has established a second plant in Kumamoto Prefecture to promote the dispersion of production bases. When adding up new plants in the US and Europe, etc., the overseas production capacity will be approximately 300,000 sheets per month (12 inch equivalent) in 2028, which is equivalent to over 20% of the current total production capacity.
Related articles:Toyota invests 2% in TSMC Kumamoto Plant 2 for operation in 2027、Toyota invests 190 billion yen in main plant to assemble EVs in US