Trump Calls for End to Quarterly Corporate Earnings Reporting

President Donald Trump proposed that U.S. public companies should shift from quarterly to semiannual earnings reporting to reduce pressures on businesses and encourage long-term growth. He argued that this change, subject to SEC approval, would save money and help managers focus on effectively running their companies rather than meeting short-term Wall Street expectations. Trump contrasted the U.S. system with China’s long-term corporate management approach, suggesting America’s quarterly reporting fosters a harmful short-term fixation. Currently, the SEC mandates quarterly reports, a policy in place since 1970, aimed at ensuring transparency and investor confidence. Trump's proposal aligns more closely with reporting practices in Europe and echoes ongoing debates about the benefits of less frequent financial disclosures. Any change would require a formal rulemaking process involving the SEC and possibly Congress.