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President Trump wants companies to report earnings less often. Good idea?
President Trump wants companies to report earnings less often. Good idea?
US President Donald Trump, center, hosts a cabinet meeting in the Cabinet Room of the White House on Aug. 16, 2018 in Washington, DC.
Oliver Contreras-Pool/Getty Images
There’s a dance called earnings season that happens in the corporate world every three months. Public companies are required to open their books and add up all those debits and credits so that investors, analysts, and the media can comb through their financial statements. President Donald Trump on Friday said he’s asked the Securities and Exchange Commission to study canceling two of these dances, dropping the reporting requirement from quarterly to semiannually. What are the pros and cons of that approach?
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