[ad_1]
President Donald Trump floated the idea Monday of companies no longer providing earnings report on a quarterly basis and switching to semiannual instead.
In a Truth Social post, Trump said the idea is “subject to SEC approval” and would “save money, and allow managers to focus on properly running their companies.”
“Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!'” Trump said.
Current regulations require companies to report on a quarterly basis, though providing forecasts is voluntary. The rules can be changed either from the Securities and Exchange Commission or could be altered by Congress.
This is breaking news. Please refresh for updates.
(Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here.)
[ad_2]
Source link
