Trump says the US should do away with quarterly earnings reports

President Donald Trump wants to do away with the quarterly earnings report. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970. “This will save money, and allow managers to focus on properly running their companies,” Trump wrote. Trump asked the SEC ...