Trump says public companies shouldn't have to report quarterly anymore

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 company earnings results since 1970.The debate over moving to a half-year system is not a new one; it came up during President Trump's first term as well.Editor's note: This story was updated with additional details and context.

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