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Economists Sound the Alarm Over UK’s Post-Brexit Finance Plans | Investing News

May 18, 2022
Edna J. May

LONDON (Reuters) – More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost the competitiveness of its huge finance industry risked creating the kind of problems that led to the global financial crisis.

The government, seeking to use its “Brexit freedoms”, announced this month that it would require regulators to help the City of London to remain a global financial centre after the country left the European Union.

The group of 58 economists, including a Nobel Prize winner and former business minister Vince Cable, said making competitiveness an objective could turn regulators into cheerleaders for banks and

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Finance News
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Florida cities fall in U.S. News annual rankings

May 17, 2022
Edna J. May

Florida, you ain’t so hot anymore. And we’re not talking temperatures here.

After annually being a dominant force in the U.S. News & World Report’s best places to live list, it got cold water poured over its Peninsula.

It wasn’t refreshing.

The Sunshine State took hits on affordability, and suddenly in a few cases, desirability, in today’s newly unveiled 2022-2023 Best Places to Live in the United States.

The compilation, used by tourist agencies and marketing companies to draw visitors and future residents, helps provide insight into the country’s 150 most populous metropolitan areas based on numerous factors including

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Finance News
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Elon Musk invited legal scrutiny by tweeting out his doubts about a $44 billion Twitter bid

May 14, 2022
Edna J. May

Tesla (TSLA) CEO Elon Musk’s early Friday morning tweet proclaiming that his $44 billion bid to buy Twitter (TWTR) is on hold may violate laws meant to protect public markets from manipulation, experts say.

Twitter shares began sliding following the tweet, broadening a wider than usual margin over the past two weeks between the market price and Musk’s offer price of $54.20 per share. The slide could give regulators and shareholders more reasons to go after Musk, on top of ongoing disputes with the Securities and Exchange Commission and with Tesla and Twitter shareholders.

“Twitter deal temporarily on hold pending

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Finance News
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Yahoo Hires Tapan Bhat as GM of Finance Vertical, in Tech Veteran’s Return to Company (EXCLUSIVE)

May 14, 2022
Edna J. May

Yahoo hired Tapan Bhat as president and GM of Yahoo Finance to oversee its financial and business vertical — marking the seasoned exec’s return to the internet media company after more than a decade.

Bhat will report directly to Yahoo CEO Jim Lanzone. He starts at the company May 16 and will be based in San Jose, Calif.

Most recently, Bhat spent the last three years advising startups and their boards. Before that, he was chief product officer at NerdWallet, heading product and engineering, design, data, revenue and partnerships for the personal finance website. He also served as chief product

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