Finance
Trump tweets that US could move to six-monthly financial reporting
-
Trump tweets that US could abandon quarterly financial
reporting after meetings with business leaders. -
He said he has asked the SEC to investigate making such
a change.
President Donald Trump on Friday said that he has instructed the
US Securities and Exchanges Commission to investigate the
abolition of quarterly financial reporting for US companies,
after discussions with business leaders.
Business leaders have asked him to move towards a system of
reporting every six months, he said on Twitter.
“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.
“”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!” — he continued.
Under current rules, listed companies in the US must report
financial results every three months, but in many other countries
around the world, businesses are only mandated to do so twice per
year, a model many US businesspeople wish to adopt.
More follows …
-
Business7 days ago
Humanoid robots are learning to fall well
-
Entertainment6 days ago
2024 summer TV preview: 33 TV shows to watch this summer
-
Business6 days ago
Google Gemini: Everything you need to know about the new generative AI platform
-
Business4 days ago
Haun Ventures is riding the bitcoin high
-
Entertainment5 days ago
‘Bridgerton’: Everything you need to remember before Season 3
-
Entertainment4 days ago
Hands-on with the Claude AI app: It’s pleasant to use, but janky
-
Entertainment3 days ago
5 essential gadgets for turning your home into a self-care sanctuary
-
Business6 days ago
Indian ride-hailing giant Ola cuts 180 jobs in profitability push