Warren Buffett

Trump asks SEC to consider ending required quarterly reports

President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense.

In a tweet early Friday, Trump said that after speaking with several top business leaders, he's asking the Securities and Exchange Commission to determine whether shifting to a six-month reporting requirement would help companies grow faster and create more jobs.

For companies, "That would allow greater flexibility & save money," Trump tweeted.

Trump later told reporters the idea was especially urged on him by Indra...