MNUCHIN BACKS SEC PLAN FOR SEMIANNUAL EARNINGS

AI DESK■ 1 MIN READ

SUN, MAY 24, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Steven Mnuchin, former US Treasury Secretary and founder of Liberty Strategic Capital, endorsed the SEC's proposal allowing US companies to report earnings twice yearly instead of quarterly. He shared his views at the Milken Institute Global Conference in Beverly Hills.

Mnuchin's support signals backing from prominent finance figures for the regulatory shift, which aims to reduce reporting burdens on corporations. The SEC proposal grants companies the option rather than mandating the change. Beyond earnings cadence, Mnuchin addressed several economic matters during the conference. He discussed artificial intelligence's economic implications as the technology continues reshaping industries. He also weighed in on Federal Reserve monetary policy and the federal budget deficit—both subjects of ongoing policy debate. Mnuchin commented on the geopolitical situation with Iran, reflecting broader concerns about Middle East tensions and their potential economic effects. The semiannual reporting option represents a potential structural shift in how markets access company financial data, with implications for investors and analysts who currently rely on quarterly guidance for short-term market movements.

■ SOURCES

► Bloomberg Tech

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MNUCHIN BACKS SEC PLAN FOR SEMIANNUAL EARNINGS

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