Page 74 - Gabe Plotkin News Today

The top finance stories for February 18, including the latest news on ARK Invest founder Cathie Wood.

Members of the Reddit forum leveled “profane and racist” slurs at Melvin Capital founder Gabe Plotkin, according to the hedge fund manager’s testimony to Congress.

5 questions that need answers at the GameStop hearing Congressional hearings often involve a lot of grandstanding. But as the House Financial Services Committee prepares to grill major players in the GameStop saga that shocked investors last month, there are still some big questions that need answers. What’s happening: Robinhood CEO Vlad Tenev, Citadel CEO Ken Griffin, Melvin Capital CEO Gabe Plotkin, Reddit CEO Steve Huffman and Keith Gill, the GameStop backer known as “Roaring Kitty” on...

For weeks since the GameStop-fueled market frenzy, financial media — including Insider — has called the $2.75 billion Melvin received a bailout.

The House Committee on Financial Services will hold a hearing on Thursday They will hear from key players involved in last months GameStop frenzy Robinhood CEO Vlad Tenev, 34, called for a change in the trading rules  I’m sorry for what happened. I apologize, said Tenev while discussing how his firm responded to the swarm of trades Ken Griffin, billionaire CEO of hedge fund Citadel, will back his calls Griffin said his company had no role in decision to suspend trading  Keith Gill, better k...

Lawmakers are set to grill chief executives and a Reddit user who goes by the moniker "DeepF---ingValue" during a hearing Thursday.

Five of the key players in the GameStop stock trading saga are appearing before a congressional committee to answer questions about their role in January’s tumultuous market activity. The House Committee on Financial Services is the first governmental body to call witnesses to testify after retail investors mobilised on Reddit and bought shares in retailer GameStop, sending its stock price rocketing. Their action sent hedge funds with short...

The Globe and Mail Matt Phillips and Kate Kelly The New York Times Bookmark The GameStop saga was a David-versus-Goliath story pitting small traders against big hedge funds and a cautionary tale about what happens when fast-moving Silicon Valley collides with the heavily regulated world of Wall Street. Among its ensemble cast is one of the finance world’s most influential — and perhaps least visible — figures, Chicago billionaire Kenneth C. Griffin. And when the House Financial Ser...

Lawmakers are set to grill chief executives and a Reddit user who goes by the moniker "DeepF---ingValue" during a hearing Thursday.

Vlad Tenev and other players in January’s GameStop saga appeared before the House financial services committee in the first public hearing in a wide-ranging investigation into trading in GameStop, AMC and other companies whose share values soared as small investors piled into the stocks. “The buying surge that occurred during the last week of January in stocks like GameStop was unprecedented, and it highlighted a number of issues that are worthy of deep analysis and discussion,” Tenev sai...