Page 75 - Gabe Plotkin News Today

Robinhood, Citadel Spar With Lawmakers Over Retail Trading Bloomberg 2/18/2021 Robert Schmidt, Ben Bain and Jeff Kearns © Bloomberg Representative Maxine Waters, a Democrat from California and chairwoman of the House Financial Services Committee, speaks virtually during a hearing on a laptop computer in Tiskilwa, Illinois, U.S., on Thursday, Feb. 18, 2021. Robinhood Marketsand Citadel, central players in theGameStop Corp.saga that riveted markets last month plan to deliver ...

Congress grills the CEOs of Robinhood and Reddit about last month's GameStop frenzy.

A House panel is holding a hearing to get to the bottom of one of the wildest periods for the U.S. stock market in recent memory -- the rise of GameStop.

In prepared congressional testimony, Vlad Tenev says trading limits on GameStop and other stocks were necessary to meet the clearinghouse deposit requirements.

Frenzied trading in the shares of GameStop and other companies will be the subject of what is expected to be a fiery hearing in Congress on Thursday, when US politicians get their first chance to quiz executives from the trading app Robinhood, Reddit and other players in the saga. The House financial services committee will hold a hearing at noon in a first step to untangling the furore surrounding trading in GameStop, AMC cinemas and other...

Start every week on the front foot with a preview of what’s on the global agenda

The trader who pumped up the stock on the internet will appear next week with the leaders of the Robinhood app and hedge funds that lost big during the frenzy.

Chase Coleman III, 45, topped Bloombergs annual list of the top-earning hedge fund managers He heads Tiger Global Management, which had invested in tech firms including Peloton and Zoom whose stocks soared amid the pandemic  Collectively, the 2020 earnings of the 15 hedge fund managers on the list is more than the GDP of Iceland or Zambia They logged big gains even as the global economy was battered by the virus and accompanying lockdowns No. 15 on 2020s list, Gabe Plotkin, hasnt fared so wel...

These guys were among 15 who personally pocketed $23 billion from their investing scores, a Bloomberg tally shows.

Executives from Robinhood, Melvin Capital and Citadel Securities are expected to testify before a House panel at a Feb. 18 hearing exploring trading turmoil in GameStop Corp and related stocks, said two sources familiar with the matter.