Trump’s push to scrap quarterly company reports will be a win for investors

Trump’s push to scrap quarterly company reports will be a win for investors

U.S. Treasury Secretary Scott Bessent has said President Donald Trump’s suggestion of companies reporting on a semiannual basis would be good news for investors. 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. “President…

Read More
TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

The upcoming commercial agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber. “Where this thing is capitalized and how large it is remains to be seen,” Faber said during CNBC’s “Squawk on the Street” on Tuesday….

Read More