President Donald Trump on Sept 15 pushed for the US Securities and Exchange Commission (SEC) to stop requiring quarterly earnings reports from companies and corporations and to have them report on a six-month basis instead.

“This will save money, and allow managers to focus on properly running their companies,” he wrote in a Truth Social post.

“Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!”

The Republican president had asked the SEC to consider eliminating the requirements for public companies during his first White House term from 2017 to 2021. REUTERS

More on this topic