Keith Gill, 34, will appear in front of the House Financial Services Committee
Committee is investigating how flood of traders drove up GameStop shares
Robinhood Chief Executive Vlad Tenev, Citadel CEO Kenneth Griffin, Melvin CEO Gabriel Plotkin and Reddit CEO Steve Huffman will also appear
The GameStop surge resulted in massive losses for Melvin, after the hedge fund bet the retailer´s stock price would tumble
Citadel´s hedge funds, along with founder Griffin and firm partners, put $2 billion into Melvin
Republicans and Democrats were outraged that Robinhood suspended trading
FOX News contributor reacts to the White House press secretary s daily briefing on America Reports
The chyron flashing across the bottom of viewers screens during CNN s reporting of a Jan. 24 White House press briefing made no pretense at objectivity. It read: Psaki promises to share accurate information (how refreshing).
The lovefest that greeted new White House press secretary Jen Psaki from a fawning press corps has been feted as a return to more normal times. Psaki marks a return to the way it used to be – when White House messaging was carefully scripted with staff-driven press releases and poll-tested talking points.
By Dawn Ridler
Dawn Ridler
Like most people who are watching markets, I have been watching the GameStop/Robinhood saga unfold with interest. My reaction started with Schadenfreude (delight in someone else’s misfortune) – especially as the Hedge Funds with their avaricious billionaire owners were getting shafted, but as this unfolds I am increasingly concerned about potential long-term fallout. Is this just a temporary flutter, or could it bring down this long running, frothy bull market, despite the billions central banks are pouring into the markets to stop just that from happening?
There are a couple of things you need to understand so that you can wrap your head around this issue.