• Trump urges SEC to change quarterly reporting to semi-annual.
• Proposal aims to save costs and improve company management focus.
• Some investors worry about decreased transparency and increased volatility.
• Shift in reporting frequency could align U.S. with UK and EU practices.
• Long-Term Stock Exchange supports the proposal, marking a trend change.

President Donald Trump has renewed his call for the U.S. Securities and Exchange Commission (SEC) to eliminate the requirement for quarterly earnings reports, advocating instead for a six-month reporting schedule. Trump argues that this change will "save money, and allow managers to focus on properly running their companies," a sentiment he previously expressed during his first term in office, according to Reuters and BBC.

Currently, U.S. firms are required to report financial statements every three months, a mandate established in 1970. Trump's proposed shift could align U.S. reporting with practices in the UK and parts of the EU. Supporters argue this could enhance long-term strategic planning by allowing companies to avoid the pressures of short-term earnings targets; however, critics contend it might diminish transparency and increase market volatility, according to Reuters, India Times, and BBC.

The Long-Term Stock Exchange has indicated it would petition the SEC for a shift to semi-annual reporting, reinforcing the ongoing discussion about financial reporting practices. Veteran investors like Warren Buffett and Jamie Dimon have expressed concerns regarding the focus on short-term profits undermining long-term strategic initiatives, further complicating the debate, according to India Times and BBC.