Top Stories
Donald Trump Wants To Scrap Quarterly Earnings Reports For U.S. Companies

President Donald Trump said he think U.S. companies should report earnings every six months instead of quarterly, a controversial change that would disrupt longstanding practice and requires approval by the nation’s securities regulator.
“Subject to SEC Approval, Companies and Corporations should no longer be forced to “Report” on a quarterly basis (Quarterly Reporting!), but rather to Report on a “Six (6) Month Basis,” Trump wrote on Truth Social this morning.
“This will save money, and allow managers to focus on properly running their companies. Did you ever hear the statement that, “China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???” Not good!!!”
China in fact does requires quarterly reports but the U.K. and Europe only ask companies to deliver financial results every six months. The U.S. shifted to the quarterly model in 1970.
Trump had asked for the change in the U.S. during his first term as well.
The barrage of numbers every three months is a time suck for companies and executives and has been criticized for leading to a focus on short-term thinking and planning. Supporters say the transparency they provide every 90 days is key for investors and necessary for markets to function properly.
CEO taking companies private have commented for years on the relief on not having to square off with investors every 90 days with numbers that can fluctuate short term for a whole host of reasons but meanwhile cause big movements in the stock price on earnings days. In media, for instance, shares of companies like Spotify and Snap can be extremely volatile after earnings reports. That’s also been the case for Netflix, which stopped reporting quarterly subscriber numbers, calling them a distraction from other key measures of the health of is business.
Top Stories
J.J. McCarthy Not Expected to Play vs. Bengals; Vikings to Prep Carson Wentz

EAGAN, Minn. — Vikings Head Coach Kevin O’Connell on Monday announced J.J. McCarthy suffered an ankle sprain against the Falcons in Week 2 and is not expected to be available for Minnesota’s Week 3 game vs. Bengals.
O’Connell said the Vikings anticipate Carson Wentz starting and undrafted rookie Max Brosmer will back up Wentz.
O’Connell said McCarthy suffered the ankle sprain during a scramble on a second-and-20 play.
Top Stories
DNA evidence links suspect to killing of Charlie Kirk, FBI director says | Charlie Kirk shooting

Kash Patel, the director of the FBI, has said that DNA evidence found by investigators links the man accused of killing rightwing political activist Charlie Kirk to the fatal attack despite his alleged refusal to cooperate with authorities after his arrest.
Speaking on the conservative-friendly Fox News network on Monday morning, Patel said that DNA found on a towel wrapped around the rifle believed to have been used to kill Kirk matches that of the suspect in custody, 22-year-old Tyler Robinson.
The arrest of Robinson was announced Friday, two days into a manhunt set off by Kirk’s killing during an event at Utah Valley University (UVU). Robinson ultimately turned himself over to investigators after a relative recognized him in suspect photos released by investigators after Kirk’s killing.
Patel also said that additional DNA found on a screwdriver recovered from the roof of a building on the UVU campus also has been “positively processed for the suspect in custody”.
The rifle itself, Patel added, is currently being processed at the federal Alcohol, Tobacco, Firearms and Explosives (ATF) laboratories in Maryland.
During Monday’s interview, the Fox News hosts also asked Patel about reports that the suspect had written a note prior to the shooting.
“The written note we believe did exist, and we have evidence to show what was in that note, which is, and I’m going to summarize … the suspect wrote a note basically saying, ‘I have the opportunity to take out Charlie Kirk, and I’m going to take it.’
“That note was written before the shooting.”
Patel said there was evidence that the note existed at the home Robinson shared with his partner but it was “destroyed”. “We have found forensic evidence of the note, and we have confirmed what that note says because of our aggressive interview posture at the FBI,” Patel said.
In another interview on Monday morning, FBI co-deputy director Dan Bongino told Fox News that Robinson appeared to have exhibited “multiple warning signs”.
“I believe co-workers stated he had detached himself when the topic of politics came up and walked away,” Bongino said.
Bongino added that “based on statements from family members, friends and some of the messaging we have from the digital footprints left behind that he clearly had some obsession with Charlie Kirk.”
On Sunday, Spencer Cox said that Robinson was not cooperating with investigators. But, the Republican Utah governor said, authorities were gathering information from family members and people close to Robinson.
Cox also said that Robinson had come “from a conservative family” but that “his ideology was different than his family”. Patel echoed Cox on Monday, accusing Robinson of disliking “what Charlie stood for”.
Patel’s remarks on Monday morning revealing new details in the investigation into Kirk’s killing came amid criticism of his handling of the case.
Hours after the killing, Patel had announced on social media that a “subject” was in custody, only to say in another post a few hours later that the individual had been released after questioning and that the shooter was still at large.
Dick Durbin, the Democratic senator of Illinois, called Patel’s premature announcement “amateur hour” and questioned his professionalism. Conservative activist Christopher Rufo questioned Patel’s leadership, saying that it was “time for Republicans to assess whether Kash Patel is the right man to run the FBI”, adding that the agency’s director “performed terribly in the last few days”.
Furthermore, Patel attracted derision after ending a speech at a news conference by saying he would see Kirk one day in “Valhalla”, a heaven of sorts for warriors in Norse mythology.
Patel defended his handling of the investigation Monday.
“I was being transparent,” Patel told Fox News, referring to the social media updates. “The job of the FBI is not just to manhunt the actual suspect, but it’s also to eliminate targets and subjects who are not involved. Could I have worded it a little better? Sure. Do I regret putting it out? Absolutely not.”
He added: “I was telling the world what the FBI was doing as we were doing and I’m continuing to do that.”
A motive for Kirk’s killing remains unclear. But more information on that front could come on Tuesday, when Cox said he was expecting Robinson to be formally charged with the killing.
Top Stories
Who is Fed nominee Stephen Miran? : NPR

Stephen Miran, pictured outside the White House in June, has been the chair of the White House Council of Economic Advisers since March.
Aaron Schwartz/Sipa/Bloomberg via Getty Images
hide caption
toggle caption
Aaron Schwartz/Sipa/Bloomberg via Getty Images
The Senate is set to vote Monday night to fill a vacancy on the Federal Reserve Board, the seven-member body that sets the nation’s monetary policy and has found itself increasingly under attack by President Trump.
Trump has long pressured the Fed to lower interest rates, and in July floated the idea of firing Federal Reserve Chairman Jerome Powell — whom he has attacked as a “knucklehead” and “numbskull” — for not doing so. In August, Trump escalated his fight against the Fed by attempting to fire governor Lisa Cook, a move that a federal judge temporarily blocked last week.
It’s against this backdrop that Fed governor Adriana Kugler unexpectedly stepped down last month, opening up a seat on the board that Trump has been so publicly seeking to influence. He quickly nominated Stephen Miran, one of his top economic advisers, to finish the remainder of her term, which runs through January 2026.
At a Senate Banking Committee hearing earlier this month, Miran said that he would not resign his position as chair of the White House Council of Economic Advisers if he were confirmed to the role, but would take an unpaid leave of absence.
That, coupled with some of his previous writings calling for less independence for the Fed, rattled Democrats in the room.
“Right now, the banking committee should be investigating the president’s direct attacks on that independence, not pretending that it’s business as usual,” Sen. Elizabeth Warren, D-Mass., the committee’s highest-ranking Democrat, told NPR in September.
The committee ultimately voted 13-11 along party lines to advance Miran’s nomination to the full Senate. If confirmed, as expected, Miran would join the Fed in time for its highly anticipated two-day meeting on interest rates, which begins Tuesday.
“This is setting us up for a very tight process in advance of a very important central bank meeting,” Lisa Gilbert, the co-president of the nonprofit consumer advocacy organization Public Citizen, told NPR.
But critics are worried about more than just the timing. They say his unprecedented plan to take unpaid leave from the White House rather than resign altogether is alarming, warning it could give the president undue influence at the Fed, which is supposed to operate independently of the administration.
“It functionally means he remains a White House employee at the same time as working for the importantly independent Federal Reserve,” Gilbert said. “So we’re really concerned about this and what it means for the independence of this agency.”
White House spokesperson Kush Desai told NPR in a statement that Miran will take an unpaid leave of absence from the Council of Economic Advisers, have no White House email access, lose his White House badge and “not provide any advisory guidance as part of CEA in any way.”
“Instead of resorting to ignorant or intentionally misleading attacks, Democrats and ‘nonpartisan’ watchdog groups should just admit that Dr. Stephen Miran is eminently qualified to serve on the Fed, and he will do so in compliance with the law,” Desai wrote.
Who is Stephen Miran?
Miran holds a Ph.D. in economics from Harvard University. His dissertation advisor was Martin Feldstein, an influential economist who served as Ronald Reagan’s chairman of the White House Council of Economic Advisers.
Miran graduated in 2010 and began his career in financial markets, working as an analyst for Lily Pond Capital Management, Fidelity Investments and Sovarnum Capital. In 2020, he joined the first Trump administration as a senior advisor to the Department of the Treasury.
He left that role after former President Joe Biden was inaugurated and returned to the private sector, eventually joining Hudson Bay Capital Management and the libertarian-leaning Manhattan Institute.
There, he wrote dozens of op-eds criticizing Biden’s economic policy (including the Inflation Reduction Act) and, notably, advocating for a less independent Federal Reserve. The Fed is designed to be independent of the executive branch, though it is accountable to Congress.
“Central bank independence is widely regarded as an essential element of effective economic stewardship,” Miran wrote in March 2024. “Yet pure independence is incompatible with a democratic system.”
Miran has proposed controversial reforms like shortening Fed board members’ terms and “clarifying that members serve at the will of the U.S. president.” As it stands, the Federal Reserve Act requires presidents to demonstrate “cause” for removing members before the end of their 14-year terms, which no president has successfully done.
Gilbert, of Public Citizen, said the Fed has intentionally been “kept away from the whims of the White House,” because it sets monetary policy based on the relative success of the economy — not on politics.
“If you’re a president, you might have reason to be touting how the economy is doing as part of a political gambit or something you want to share in an electoral context — not factors that should influence our markets,” she said.
What has Miran said about his potential role?
Trump announced his intention to nominate Miran as his Council of Economic Advisers in December 2024, and the Senate confirmed him in March of this year with a party-line vote. Miran has backed Trump’s trade policies and is widely credited as the architect behind the administration’s so-called “reciprocal tariffs” on U.S. trading partners.
Trump nominated Miran for the Fed role in early August. At his Senate Banking Committee hearing earlier this month, Miran acknowledged that Trump nominated him “because I have policy views that I suppose that he liked.”
But, he said, if confirmed, “I will act independently, as the Federal Reserve always does, based on my own personal analysis of economic data.”
Miran’s views on the Fed’s independence were called into question at the hearing, when he said he would not resign his White House job if confirmed to the Fed.
“I have received advice from counsel that what is required is an unpaid leave of absence from the Council of Economic Advisers,” Miran said. “And so, considering the term for which I’m being nominated is a little bit more than four months, that is what I will be taking.”
That prompted immediate concern from lawmakers on both sides of the aisle. Sen. Jack Reed, D.-R.I., said that Miran’s “independence has already been seriously compromised,” while Sen. John Kennedy, R-La., asked Miran to commit to “ignore all the rhetoric from all politicians,” which he did.
In one exchange, Sen. Andy Kim, D-N.J. questioned why Miran wants the Fed job and why he didn’t push back on his counsel’s advice to take unpaid leave.
“You have every right to say ‘No, I’m going to resign.’ You can determine your own career — you know that, right?” Kim asked Miran, who responded affirmatively. “You could very well be continuing to act in a way that is in the political interest of the president because you know he is going to be your future boss again.”
Miran said that if he were later confirmed to a longer term, he would resign his White House role. Trump said when he nominated Miran that he would continue to search for a nominee to fill a fresh, 14-year term beginning in early 2026.
Gilbert said Miran’s plans not to resign from the White House are concerning regardless of the length of his Fed term, saying there is a “slippery slope when it comes to Fed independence.”
She says the conflict of interest is especially worrisome because it’s happening at the same time as Trump is trying to remove Cook, another Fed governor. She called the administration’s “attempt to put a finger on the direction of the Fed … obvious and really problematic.”
“The central bank is intended to keep us stable,” she told NPR. “It matters for regular Americans as we think about our economy, as we think about how we are interacting as consumers. And it is simply a problem to have it not be independent.”
-
Business2 weeks ago
The Guardian view on Trump and the Fed: independence is no substitute for accountability | Editorial
-
Tools & Platforms1 month ago
Building Trust in Military AI Starts with Opening the Black Box – War on the Rocks
-
Ethics & Policy2 months ago
SDAIA Supports Saudi Arabia’s Leadership in Shaping Global AI Ethics, Policy, and Research – وكالة الأنباء السعودية
-
Events & Conferences4 months ago
Journey to 1000 models: Scaling Instagram’s recommendation system
-
Jobs & Careers3 months ago
Mumbai-based Perplexity Alternative Has 60k+ Users Without Funding
-
Podcasts & Talks2 months ago
Happy 4th of July! 🎆 Made with Veo 3 in Gemini
-
Education3 months ago
VEX Robotics launches AI-powered classroom robotics system
-
Education2 months ago
Macron says UK and France have duty to tackle illegal migration ‘with humanity, solidarity and firmness’ – UK politics live | Politics
-
Podcasts & Talks2 months ago
OpenAI 🤝 @teamganassi
-
Funding & Business3 months ago
Kayak and Expedia race to build AI travel agents that turn social posts into itineraries