President Trump’s social media post has reignited the debate over quarterly earnings reports. The SEC is considering Trump’s proposal to switch to semiannual reports, citing potential benefits for companies and investors. While some argue for increased transparency, others believe less frequent reporting could encourage long-term growth and reduce costs for public companies. The discussion continues. Management teams are debating whether to switch from quarterly to semiannual reporting to focus more on long-term goals and less on short-term profits. Analysts argue for and against more or less frequent updates, with Warren Buffett criticizing the negative impact of providing earnings guidance. Shareholders may influence companies to continue providing regular updates, even if the SEC changes reporting requirements. Ultimately, the market may dictate the level of transparency and accountability in financial reporting.

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1. The US economy added 559,000 jobs in May, falling short of the expected 671,000. The unemployment rate dropped to 5.8%, with notable job gains in the leisure and hospitality sectors.

2. Tesla’s stock jumped 5% after CEO Elon Musk tweeted that the company may accept Bitcoin again if miners use more renewable energy. This comes after Tesla halted Bitcoin payments due to environmental concerns.

3. Amazon’s annual Prime Day event will take place on June 21 and 22, earlier than previous years. The company expects a sales boost after last year’s event generated $10.4 billion in revenue.: Trump pushes for companies to report earnings less frequently. Here are both sides of the debate