Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Former Treasury Secretary Lawrence Summers has criticized the idea of eliminating quarterly earnings reports, a policy proposal floated by President Donald Trump in a Truth Social post last week. US Markets Built On ‘Accountability And Transparency’ On Wednesday, in a post on X, Summers called the plan to scrap quarterly earnings releases “a bad idea whose time should never come.” He said that America's ...

Former Treasury Secretary Lawrence Summers has criticized the idea of eliminating quarterly earnings reports, a policy proposal floated by President Donald Trump in a Truth Social post last week.US Markets Built On ‘Accountability And Transparency’On Wednesday, in a post on X, Summers called the plan to scrap quarterly earnings releases “a bad idea whose time should never come.”He said that America's capital markets have thrived precisely because of their “accountability and transparency,” adding that “freq ...