President Trump on Monday suggested U.S. public companies should no longer have to report earnings quarterly, but on a six-month schedule instead.

Why it matters: It would be a fundamental change in the way American companies do business, and more closely aligned with how public companies report results in Europe and elsewhere. • The change would require approval from the Securities and Exchange Commission (SEC).

What they're saying: "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 in a Truth Social post.

Flashback: The SEC has required quarterly reporting of public compan

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