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President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519

Prince Harry and Meghan Markle are giving people a glimpse of their new California life in their 2020 Christmas card. The card was shared on social media by Mayhew, Markle is a royal patron of the animal welfare non-profit since 2019.“We’re thrilled to receive wonderful Christmas wishes from our Patron, The Duchess of Sussex, who also made a personal donation, helping dogs, cats and our community,” Mayhew posted on Twitter along with the image of Prince Harry, Markle and their 19-month-old son, Archie. 515

President Donald Trump will welcome the United States' Winter Olympics teams to the White House Friday, but the list of potential absentees reads like a who's who list of America's most well-known athletes.Lindsey Vonn, Gus Kenworthy and Adam Rippon are among the stars set to be absent, some citing political differences with the president.Freestyle skier Kenworthy, a vocal Trump critic, tweeted "the resistance is real" in reference to the expected White House no-shows."All US Olympians and Paralympians are invited to visit the White House and meet the President after the Games," tweeted the American, whose kiss with boyfriend Matthew Wilkas in Pyeongchang, South Korea became worldwide news after it was broadcast live on national television."Today is this year's visit and USOC [US Olympic Committee] spokesperson says he's never seen so many athletes turn down their invites. The resistance is real."The US Olympic Committee has yet to respond to CNN's request for a comment on the numbers of predicted absentees. 1031

Raise your hand if you know someone who has moved to Atlanta, Dallas-Fort Worth or Houston recently. A lot of hands went up, because those are the three fastest-growing metropolitan areas — and they have relatively affordable home prices, too.Each quarter, NerdWallet calculates home affordability for 172 metro areas. NerdWallet narrowed its focus this quarter to the 10 metros that had the most population growth from mid-2016 to mid-2017, the latest data available from the U.S. Census Bureau. Among these 10, Atlanta had the most affordable home prices this spring and Seattle had the least affordable.The top three metros on this list have two things in common, says Danielle Hale, chief economist for Realtor.com: They have space to grow, with few physical barriers such as mountains and oceans, and they have local governments that “are more willing to permit and allow development, too.”Affordability was calculated by comparing incomes and median home prices. A place with high incomes and low home prices is more affordable than an area with low incomes and high home prices.Here are the 10 fastest-growing metro areas, ranked from most to least affordable for buying a home in the second quarter of 2018. The rankings were compiled using data from the National Association of Realtors, the U.S. Census Bureau and NerdWallet surveys.? MORE: How much home can you afford in your area? 1416

Renowned Tulsa saxophonist and Race Massacre survivor, Hal Singer, has passed away, just a few months shy of his 101st birthday.The French city of Chatou announced the news of his death. Singer resided in the town for more than 20 years."Weakened in recent years, Hal Singer has passed out peacefully surrounded by his wife and family," the release stated.Singer, who was born in Tulsa on Oct. 8, 1919, would go on to have an "exceptional 70-year career, from Duke Ellington to Ray Charles, to Billie Holiday," the release said.According to the Oklahoma Jazz Hall of Fame website, Singer topped the R&B charts in Sept. 1948 with his instrumental recording "Corn Bread.""The City just lost a friend, an artist, and a great man," the release concluded. "We extend our condolences to his family." 805