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View Full Version : Trump is considering a huge change to the way America's biggest companies report earnings




Swordsmyth
08-17-2018, 06:39 PM
President Donald Trump on Friday said he had instructed the US Securities and Exchanges Commission to investigate the abolition of quarterly financial reporting for US companies.
Writing on Twitter, Trump said that he had discussions with business leaders and that one leader had asked him to move toward a system of reporting every six months.
"In speaking with some of the world's top business leaders I asked what it is that would make business (jobs) even better in the U.S," Trump tweeted (https://twitter.com/realDonaldTrump/status/1030416679069777921). "'Stop quarterly reporting & go to a six month system,' said one. That would allow greater flexibility & save money. I have asked the SEC to study!"
Listed companies in the US must report financial results every three months, but in many other countries businesses are mandated to do so only twice a year.

More at: https://finance.yahoo.com/news/trump-considering-change-way-america-114645326.html

Origanalist
08-17-2018, 06:50 PM
If they stop requiring financial reporting altogether I'll start my business again.