Trump’s Bold Push to Axe Quarterly Earnings Reports Sparks Market Debate

Former President Trump reignites Wall Street disruption talks with proposal to scrap mandatory quarterly reports—claiming it frees companies from short-term obsession.

Policy Shift or Political Theater?

The move targets SEC regulations forcing public companies to disclose financials every three months. Trump argues it lets executives focus on long-term growth instead of quarterly hype cycles. Critics call it a gift to corporate opacity—because who needs transparency when you can have vibes-based investing?

Market reactions split faster than a Bitcoin fork. Traders brace for potential volatility spikes, while crypto advocates smirk—decentralized networks already operate with real-time transparency, no quarterly drama required.

One thing’s clear: in Trump’s world, earnings reports are just another institution ripe for disruption. Whether that’s bullish innovation or regulatory carnage depends on which side of the trade you’re on.

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“This will save money, and allow managers to focus on properly running their companies,” Trump said in a Truth Social post on Monday. “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!!!”

Trump Calls for Semiannual Earnings Reports

The Securities and Exchange Commission (SEC) requires publicly-listed U.S. companies to report their earnings four times each year, a practice that has been criticized for promoting short-term decision-making among executives. In contrast, European companies report earnings semiannually, while Chinese companies provide lighter quarterly updates with a focus on half-year and full-year reports.

Any change to how public U.S. companies report their earnings WOULD have to first receive SEC approval. The current SEC Chair, Paul Atkins, was appointed by Trump and sworn into office in April.