President Donald Trump Wants to Cancel Quarterly Reporting

President Donald Trump suggested on Monday that U.S. businesses stop issuing quarterly earnings reports.

"Subject to SEC Approval, Companies and Corporations should no longer be forced to 'Report' on a quarterly basis (Quarterly Reporting!), but rather to Report on a "Six (6) Month Basis," the post began. "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!!!"

Current Securities and Exchange Commission (SEC) regulations require public companies to report earnings quarterly, but a change to reporting every six months could be made by the SEC or Congress. Public companies have been reporting