The Wall Street Journal: Mnuchin says new IRS 1040 tax form will be ‘postcard’ size

WASHINGTON — The new IRS Form 1040 will be released next week, and it will be significantly smaller than the current version, Treasury Secretary Steven Mnuchin said Wednesday. “It will be a postcard, as we have promised,” he said at an event celebrating the six-month anniversary of the tax law that lowered rates and removed … Read more

Micron earnings show big profit and sales gains, stock turns green after forecast

Micron Technology Inc. continued to post huge gains in profit and revenue amid high memory-chip prices in a Wednesday earnings report, and the company’s forecast showed confidence that the rise will continue, pushing shares higher after hours. Micron MU, -0.51%  profit more than doubled from the year before, while sales grew by 40%. Micron reported … Read more

The Ratings Game: Oracle stock takes a beating as lack of cloud numbers questioned

What looked at first to be good news for Oracle Corp. ended up prompting some hard questions from analysts about a lack of information in the software giant’s latest numbers. Shares plunged Wednesday. Oracle ORCL, -7.46%  reported revenue and earnings beats Tuesday afternoon, but Wall Street’s enthusiasm for the numbers was fleeting. Oracle stopped breaking … Read more

Project Syndicate: Nobody in their right mind would want to host the World Cup

NORTHAMPTON, Mass. (Project Syndicate) — Whom would you trust more, Russian President Vladimir Putin or Chicago Mayor Rahm Emanuel? Whereas Putin is reveling in the attention that Russia is receiving as host of the 2018 World Cup, Emanuel has informed the U.S. Soccer Federation and FIFA that Chicago has no interest in serving as a … Read more

CryptoWatch: Goldman says it may trade more than just digital-currency futures; Cryptos prices rebound

The price of cryptocurrencies rebounded Wednesday despite news of fresh security breach at a crypto trading platform briefly undercut confidence. Reports that Goldman Sachs Group may expand the digital assets that it intends on trading on its cryptocurency platform may have renewed optimism in the nascent market. Bitcoin BTCUSD, -0.17% the world’s biggest digital currency, … Read more

American Medical Association to investigate whether private-equity-owned practices put profits over patients

The American Medical Association, the nation’s most prominent doctors group, will study the effect that growing investments by corporate parties — including venture-capital and private-equity firms — have on physician practices, reflecting a growing concern among doctors regarding the trend. The study will look at a variety of issues, including how widespread the trend is, … Read more

AMD crypto concerns persist among analysts, amid stock’s big rally

Shares of Advanced Micro Devices Inc. have gained nearly 30% in the past month, but the stock’s rapid rise hasn’t put to rest worries about the revenue AMD generates from cryptocurrency mining. Amid the crypto craze, AMD’s AMD, -1.02%  graphics processing units (GPUs), designed for gaming, have proven useful to crypto miners. For several quarters … Read more

FA Center: Why GE stock may be a buy after getting dumped from the Dow

Will General Electric be the 21st Century’s IBM? I ask because some view GE’s GE, -0.54%  being replaced by Walgreens Boots Alliance WBA, +5.25% in the Dow Jones Industrial Average DJIA, -0.17%   as another nail in the coffin for this once-dominant industrial and manufacturing giant. In fact, it could be a blessing in disguise. To … Read more