US companies should be allowed to report earnings every six months instead of quarterly, President Trump said on Monday, in what would be a major shift for corporate America if the Securities and Exchange Commission approved the change.

“This will save money, and allow managers to focus on properly running their companies,” Trump wrote in a Truth Social post , reprising an issue Trump pushed unsuccessfully during his first administration. He added that the change would be subject to approval by the SEC.

Currently, the SEC requires corporations to report their financial statements every 90 days. Half-yearly reporting would mark a huge change in disclosure requirements and put the US in line with the UK and several countries in the European Union. 3

In 2018, top corporate bosses Ja

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