Summary
President Trump suggested that U.S. public companies report earnings every six months instead of quarterly, pending approval from the Securities and Exchange Commission. This change could impact financial markets and companies by reducing reporting frequency. The idea follows a pattern seen in other countries and is part of broader discussions on trade and economic regulation.
Key Facts
- President Trump proposed changing the reporting schedule for U.S. public companies from quarterly to every six months.
- The U.S. Securities and Exchange Commission must approve this change.
- The proposed shift intends to reduce the pressure of frequent reporting on companies.
- Prominent business leaders like Jamie Dimon and Warren Buffett have previously supported less frequent reporting.
- The UK switched back to semi-annual earnings reports after trying the quarterly model.
- This change could reduce costs and administrative burdens for companies.
- Some market participants, like options traders and analysts, may lose clarity if reports are less frequent.
- The proposal aligns with broader deregulatory efforts by the administration.
