Overview

• In a Truth Social post Monday, President Donald Trump urged moving public companies from quarterly disclosures to reporting every six months.
• Trump said fewer filings would save money and let managers focus on operations, citing what he described as China’s longer business planning horizons.
• Quarterly reporting has been mandated by the Securities and Exchange Commission since 1970, and any shift would need the regulator’s approval.
• The Wall Street Journal, as cited by CNN, reported the Long-Term Stock Exchange plans to petition the SEC to allow semiannual reporting, with CEO Bill Harts calling it an idea whose time has come.
• Analysts warn less frequent updates could reduce timely insight for investors and the economy and may increase volatility, even as figures like Jamie Dimon and Warren Buffett have criticized quarterly-driven short-termism.