Trump Says Companies Would No Longer Be ‘Forced’ To Report Earnings Quarterly – More Details Inside

President Donald Trump on Monday said that companies and corporations would no longer be “forced” to report their earnings on a quarterly basis. Instead, he said, reporting could be done on a six-month basis, subject to approval by the U.S. Securities and Exchange Commission (SEC).

In a post on Truth Social, President Trump stated that this move would help the reporting entities save money, allowing them to focus on their operations.

“This will 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.

This is not the first time the U.S. President has pitched this idea. During his first term, Trump asked the SEC to study this proposal made to him by a business leader.

“In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. ‘Stop quarterly reporting & go to a six month system,’ said one. That would allow greater flexibility & save money. I have asked the SEC to study!” said Trump in a post on X in 2018.

Meanwhile, U.S. equities edged up in Monday's opening trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up 0.38%, while the Invesco QQQ Trust (QQQ) gained 0.4%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.

Also See: CPI Report: Consumer Prices Rise 2.9% Annually In August, In Line With Expectations

For updates and corrections, email newsroom[at]stocktwits[dot]com.