"President Trump realizes that whether it's the U.K., [or] it is the U.S., our public markets are atrophying, and this might be one way to bring back and cut costs for public companies without harming investors," Bessent told CNBC in London Tuesday.Trump proposed scrapping quarterly earnings reports in a Truth Social post on Monday , saying it would allow company executives to focus on long-term goals rather than fixate on short-term metrics.U.S. Treasury Secretary Scott Bessent has said President Donald Tr ...

In today’s CEO Daily: Diane Brady on what CEOs think about Trump’s plan to nix quarterly reporting. The big story: Trump says he’s going to sue the NYT for $15 billion. The markets: Another all-time high in the S&P 500. Plus: All the news and watercooler chat from Fortune. Good morning. Quarterly earnings reports are a headache. There’s the hassle of getting the 10-Q together, updating financial data that may or may not be indicative of a company’s long-term potential or financial health. Analysts pep ...

Another day, another series of pronouncements from the former (and potentially future) President, Donald J. Trump, sending ripples, or perhaps more accurately, seismic waves, through the global financial landscape. For those invested in the stock market, it’s less a steady climb and more a perpetual rollercoaster, with each twist and turn dictated by a Truth Social post or a spontaneous declaration. The latest alerts paint a picture of a market trying to decipher a leader who, with one breath, touts a trade ...