President Donald Trump had mooted moving to semiannual company reports to allow CEOs to make better long-term decisions.
- Treasury Secretary Scott Bessent said the move would cut costs for firms without harming investors.
- He also acknowledged that it could make the U.S. a more attractive destination for foreign companies looking to go public.
U.S. Treasury Secretary Scott Bessent has said President Donald Trump’s suggestion of companies reporting on a semiannual basis would be good news for investors.
Trump proposed scrapping quarterly earnings reports in a Truth Social post on Monday, saying it would allow company executives to focus on long-term goals rather than fixate on short-term metrics.
“President Trump realizes that whether it’s the U.K., [or] it is the U.S., our public markets are atrophying, and this might be one way to bring back and cut costs for public companies without harming investors,” Bessent told CNBC in London Tuesday.
Can someone square this circle for me …………………… because this just smacks of more and more and more fraud opportunities
Bessent : Trump’s push to scrap quarterly company reports will be a win for investors
byu/TACO_Orange_3098 inStockMarket
Posted by TACO_Orange_3098
25 Comments
“Look I am not telling you a thing about your money for 6 months.”
I bet the Enron guys also loved the idea.
“Where we’re going, we don’t need accurate information!” – Every cult
I got 50k from the 100k I lost from an ahole drug company, Valeant, because my former employer picked them to put my retirement in. Only took ten years to get it back.
Fuck this!
Every single day seems like the general population has to eat another shit sandwich from this guy
Makes sense. last time I checked less transparency and slower information flow was an absolute win for investors, especially in times when you anyway have the feeling that shit is manipulated as fu… Soooo, thank you!!!
dude is such a punk.. punks for trump.
Another puppet comment, his cabinet thinks America is stupid, and they were when they voted trump
Release the epstein files
If quarterly reporting is so detrimental then why does the S&P outperform other indexes that don’t use quarterly reporting?
Get rid of IRS it’s good for investors
Theres no way. Banks, investors and traders will literally burn down the US. It’ll fundamentally change institutional trading and holdings
lol we are a banana republic Jesus Christ
I’ve worked in marketing for nearly 15 years now. There are some clients that don’t care how money is being spent, just want to be sent invoices and reporting, maybe talk 2/3 times a year.
That’s a very small percentage of clients where good majority are wanting monthly or even weekly updates, reporting, status calls, all sorts of shit and I’m talking about companies spending a couple thousand per month to those spending a couple thousand in a day.
I don’t know why they’re required to report anything at all.
Just trust us when we say “Things are awesome! Line go up please!”
With AI, shouldn’t they report more often? Why can’t AI accelerate and improve quality of financial reporting?
Clearly, Wall Street is crooked
I get the need to make companies think longer term because there are issues with short term decision making for quarterly, but this seems like the wrong way of doing it. It should be enforced through better regulations, oversight, guardrails, and measuring metrics in how companies’ values are established. This does nothing to deal with the issue of capitalism favoring momentary profit/capital acquisition at everything else. This will only allow more issues by not allowing continual data for oversight of already shady corporations and culture. The whole system is rotting from top down, and this merely puts paint over the rotted structure and does nothing to address the rot itself.
Why do people keep quoting this guy? He WILL be viewed as the brains behind the biggest economic collapse in world history. Tariffs are the dumbest idea any administration has EVER come up with and pretty much every other policy pushed by this administration is detrimental to the economy. The rich just haven’t topped off their bank accounts yet, but the market WILL crash in the near future….we’ll all suffer whilst they make trillions shorting the apocalypse.
The companies that this will be a “win” for are scam companies full of grifters who need the 6 months of scamming the public before disappearing without a trace… so perfect for any type of company that the president gets involved with.
I don’t like Trump, but it seems like this would be a win?
Companies prioritize short-term winnings instead of long-term innovation has always been a plague. Quarterly earnings is partially to blame.
To be fair this is how Europe Britain and Australia do it. I’d be curious to know how much money would be saved on avg. as a degen gambler I like more er. As an untrusting individual I don’t like it, but I can see the potential value
Nothing could go wrong with less accountability.
Shrodinger’s Investments. If you hide the data, is it really there?
They are trying to hide the economy collapsing for as long as they can and in any way they can.
I can say this with confidence if the company isn’t reporting quarterly, I’m not investing with that company. I don’t buy index funds, I buy individual stocks and have done alright for myself. I am pretty selective with my investments.
…. ….
It’s clearly a stall.
So hundreds more bankruptcies are less inclined to declare quarterly.
Semi-annual bankruptcies announcements become the norm .