Reported about 5 hours ago
In a bold move to reshape the American economy, President Donald Trump has proposed that public companies abandon quarterly financial reporting in favor of biannual updates. He argues this change would alleviate pressure for short-term results and allow executives to focus on long-term management, echoing sentiments raised by business leaders like Jamie Dimon and Warren Buffett. The suggestion, which requires SEC approval, aligns with concerns over the burdens of quarterly reporting that may have contributed to the decrease in public companies. However, critics warn that this shift could lead to delayed insights about economic trends and issues.
Source: YAHOO