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Micron confirmed investors’ worst fears, saying PC processor shortages are hurting demand for its memory chips. The chipmaker’s shares are down 4.2 percent in Friday’s premarket session, a day after it gave weaker-than-expected fiscal first-quarter guidance. Micron estimates the company will generate November quarter sales of between $7.9 billion and …

Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, CEO, AT&T UBS raised its rating of AT&T to buy from neutral on Thursday, citing a coming turnaround in the company’s operating performance and “an overly negative outlook” on AT&T shares, the firm said. “We believe the stock is trading …

Thanks to “widespread consumer abuses,” the Federal Reserve has limited Wells Fargo from growing in assets, which has stymied loan growth. As a result, Wells Fargo is the only bank that hasn’t significantly improved earnings after the administration’s tax cut, according to Peabody. This comes despite a U.S. economy that …