News Highlights: Top Company News of the Day - Wednesday at 3 AM ET

Asian Chip Stocks Stumble as Recession Fears Resurface, Nvidia Slides 
 

Asian chip stocks took a hit on Wednesday as markets were unnerved by artificial-intelligence chip giant Nvidia's slump overnight and renewed fears of an economic slowdown.

 
Bain Counteroffer for Fuji Soft Could Mean Takeover Tussle 
 

A takeover tussle could break out over Fuji Soft as two U.S. private-equity firms compete to acquire the Japanese software developer for more than $4 billion.

 
For Volkswagen, the Bumpy Road to Electric Vehicles Starts to Hit Home 
 

The auto giant is considering cuts it has long avoided in Germany as it contends with tepid interest in a high-cost technology.

 
AT&T Strike in Southeast Stretches Into Third Week 
 

The strike continued as landline union workers in Florida, Georgia and seven other states withdrew from federal mediation.

 
Nvidia Stock Just Dropped 9.5%. No Company Has Ever Lost More Value in a Single Day. 
 

Chip stocks are struggling, at the start of what tends to be a rough month for the market.

 
Tesla May Build a Six-Seat Model Y in China. That's Not Why the Stock Fell. 
 

The EV maker is planning to make the variant in China from late 2025, according to a report.

 
Molson Coors Rolls Back DEI Initiatives 
 

The maker of Coors Light is the latest company to pull some of its diversity policies and initiatives.

 
Super Micro Stock Rises. CEO Says Short Seller Report Was 'Misleading.' 
 

The server maker had its worst monthly performance on record in August.

 
Constellation Brands Cuts Outlook on U.S. Wine Market Woes 
 

Constellation Brands cut its earnings outlook due to an impairment for the Wine & Spirits business, as negative trends in the U.S. wine market continue.

 
Boeing's stock rocked by analyst's sell call, which sees 25% downside 
 

Boeing's stock took a beating Tuesday, after Wells Fargo warned investors to get out, as whatever decision the troubled aerospace giant makes on what to do with its cash and debt will likely be bad for the stock.

(END) Dow Jones Newswires

September 04, 2024 03:15 ET (07:15 GMT)

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