Trump Revives Call to Ditch Quarterly Earnings Reports. What Comes Next?
European companies already report twice yearly. Trump wants to allow U.S. businesses to do the same.President Donald Trump reiterated his call for companies to ditch quarterly reporting in a post on Truth Social early Monday.President Donald Trump wants companies to ditch quarterly reporting and instead post results every six months - a move that could be dramatic for U.S. investors but that has international precedent.Trump brought up the issue during his first term in office, and he was back with a refreshed call in a post on his Truth Social network early Monday. "This will save money, and allow managers to focus on properly running their companies," he wrote.Trump said this time around that the matter is "Subject to SEC Approval." It remains to be seen how serious the president is about pushing for this change.TD Cowen analyst Jaret Seiberg said that action by the Securities and Exchange Commission is probable, though not guaranteed. Taking up the matter would be "an easy win for S
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