Trump: Cut Back On Earnings Reports

President Donald Trump called on financial regulators Friday to consider allowing public companies to share information with investors less often, a potentially major shake-up of how corporate America operates. “That would allow greater flexibility & save money,” Trump said in a tweet. The proposal would mean rethinking a cornerstone of the country’s accounting system since the Great Depression: Every three months, publicly traded companies must offer a detailed financial picture — including their revenue and profits — to shareholders.