Energy Markets
Climate-conscious investors are unlikely to support Trump's decision to stop quarterly reporting
Donald Trump's call to abandon quarterly corporate reporting received cautious support from an unexpected source: international investors who are pushing businesses to focus more on sustainability issues over the long term, and many of whom have been lambasted by Trump. Trump called on companies to switch to six-monthly reports, joining the ranks of other business leaders such as Warren Buffett, Berkshire Hathaway chair, and Jamie Dimon, CEO of JPMorgan, who have previously argued that short-termism is bad for the economy. Abandoning quarter-by-quarter reporting would allow the largest economy in the world and its deepest capital markets to join the global...