Trump Wants To Scrap Quarterly Earnings Reports, Says Six-Month Cycle Would Save Costs And Help Managers Focus On Long-Term Growth (UPDATED) Namrata Sen Markets

Editor’s Note: This article has been updated with more details.

Donald Trump is pushing the Securities and Exchange Commission (SEC) to eliminate quarterly corporate earnings reports, proposing instead a six-month reporting cycle.

What Happened: Trump took to his Truth Social on Monday to argue that the current quarterly reporting system is detrimental to U.S. companies. He said the shift would save costs and free executives to focus on long-term growth, Trump contrasted U.S. short-term practices with China’s “50 to 100 year” business outlook, calling the current system “not good.”

“This will save money, and allow managers to focus on properly running their companies,” wrote Trump.

Full story available on Benzinga.com

Editor’s Note: This article has been updated with more details.

Donald Trump is pushing the Securities and Exchange Commission (SEC) to eliminate quarterly corporate earnings reports, proposing instead a six-month reporting cycle.

What Happened: Trump took to his Truth Social on Monday to argue that the current quarterly reporting system is detrimental to U.S. companies. He said the shift would save costs and free executives to focus on long-term growth, Trump contrasted U.S. short-term practices with China’s “50 to 100 year” business outlook, calling the current system “not good.”

“This will save money, and allow managers to focus on properly running their companies,” wrote Trump.

Full story available on Benzinga.com

 Editor’s Note: This article has been updated with more details.
Donald Trump is pushing the Securities and Exchange Commission (SEC) to eliminate quarterly corporate earnings reports, proposing instead a six-month reporting cycle.
What Happened: Trump took to his Truth Social on Monday to argue that the current quarterly reporting system is detrimental to U.S. companies. He said the shift would save costs and free executives to focus on long-term growth, Trump contrasted U.S. short-term practices with China’s “50 to 100 year” business outlook, calling the current system “not good.”
“This will save money, and allow managers to focus on properly running their companies,” wrote Trump.
Full story available on Benzinga.com   Read MoreGovernment, News, Markets, News, Government, Markets, Benzinga Markets