Former Treasury Secretary Lawrence Summers has criticized the idea of eliminating quarterly earnings reports, a policy proposal floated by President Donald Trump in a Truth Social post last week.US Markets Built On ‘Accountability And Transparency’On Wednesday, in a post on X, Summers called the plan to scrap quarterly earnings releases “a bad idea whose time should never come.”He said that America's capital markets have thrived precisely because of their “accountability and transparency,” adding that “freq ...

President Trump wants to do away with required quarterly earnings reports for public companies, saying they should only have to report results twice a year. It might not be that simple. https://t.co/7GIRJCSWHn? ...

MATT: FUTURES HIGHER ON A FLURRY OF HEADLINES. I AM MATT MILLER. DANI: AND I AM DANI BURGER. BLOOMBERG "OPEN INTEREST" STARTS RIGHT NOW. MATT: COMING UP, PRESIDENT TRUMP WANTS TO SCRAP QUARTERLY EARNINGS, A MOVE THAT COULD CREATE A TECTONIC SHIFT IN U.S. EQUITY MARKETS. THE PRESIDENT ALSO SAYS HE WILL SPEAK WITH XI JINPING ON FRIDAY AS CHINA RAISES TRADE TENSIONS BY INVESTIGATING NVIDIA. AND GO BIG OR GO HOME. PRESIDENT TRUMP PREDICTS A HEFTY CUT FROM THE FED AS OFFICIALS JUGGLE A HIGH-STAKES MOMENT FOR THE ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. President Donald Trump on Monday doubled down on a push he made in his first term to allow public companies to ditch quarterly earnings reports and instead shift to reporting every six months, according to a social media post on his Truth Social account.  “This will save money, and allow managers to focus on properly running their companies,” Trump wrote. “Did you ever hear ...

🚨JUST IN: PRESIDENT TRUMP STATES THAT WITH SEC APPROVAL, COMPANIES WILL SHIFT FROM QUARTERLY EARNINGS REPORTS TO SEMI-ANNUAL REPORTING ~ WATCHERGURU ...