SEC Considers Reducing Quarterly Earnings Reports

The Securities and Exchange Commission is preparing a proposal to let public companies report earnings semiannually instead of quarterly, after President Trump's request and a Wall Street Journal report this week. Surveys cited include Nasdaq (three-quarters favor semiannual) and the CFA Institute (82% expect difficulty locating information), while companies report spending about 852.95 hours and $334,697.63 per quarter preparing results. The change could reshape legal, accounting, and data-provider roles.