Trump's latest news: U.S. companies may stop quarterly earnings reports

President Trump has proposed to remove the mandatory filing of quarterly earnings in U.S. companies, saying the move will save costs and boost long-term growth. Since 1970, U.S. companies have forced to submit quarterly earnings. The reform is expected to save businesses up to $2.3 billion in cost per quarter, but it could also reduce transparency and investor trust. Currently, only five countries mandate the submission of quarterly financial reports, while the European alternatives have limited and varying effects in practice. Critics warn that this will lead to higher stock risks, while others believe that a shift in investor interest may benefit the cryptocurrency market.