Reported about 7 hours ago
President Trump has proposed that U.S. companies should only be required to report financial results every six months, instead of the current quarterly schedule. He believes this change would reduce costs and allow executives to better focus on running their businesses, drawing attention to the longer-term management practices in countries like China. Trump's suggestion, however, would need approval from the SEC, which currently mandates quarterly reports under the Securities Exchange Act of 1934.
Source: YAHOO