Top executives from hedge funds and the Robinhood trading platform will appear before a U.S. House panel on Thursday to explain how a flood of retail trading drove shares of GameStop and other stocks to extreme highs, squeezing short sellers who had bet against them.
The Daily Chase: Barrick CEO talks earnings, Bitcoin; GameStop hearings begin VIDEO SIGN OUT
Itâs one of the busiest days on the Canadian earnings calendar this quarter, and weâve got one of the biggest names involved to kickstart our coverage today. Barrick Gold CEO Mark Bristow joined The Open shortly after 8 a.m., fresh off revealing a $750-million distribution to shareholders and reporting record annual free cash flow. Bristow discussed his company s quarterly results and also shared his take on Bitcoin. Head over to BNNBloomberg.ca to watch the full interview.
CANADIAN ENERGY M&A HEATS UP
There was another flurry of deals announced late yesterday. Crescent Point Energy is buying Shellâs Duvernay assets for $900 million in a cash and stock deal that will see the energy giant walk away with an 8.6 per cent stake in the Canadian company. The deal brings Crescent Point 35,000 barrels of oil equivalent in daily production (largely condensate), and the com
How to Watch, Live Stream Robinhood and Reddit CEOs Testify About GameStop
On 2/18/21 at 8:30 AM EST
Robinhood CEO Vladimir Tenev and Reddit CEO Steve Huffman will testify on Thursday to the U.S. House Committee on Financial Services, in regards to January s sudden surges in GameStop s stock.
Both CEOs were named as witnesses in a February 12 press release announcing the hearing. In addition to them, hedge fund heavies Kenneth C. Griffin (CEO of Citadel) and Gabriel Plotkin (founder of Melvin Capital Management) were also called, as was investor and YouTuber Keith Gill, who rose to prominence under his username on Reddit (u/deepf kingvalue) because of his high returns-on-investment. Gill is also a known booster of GameStop stocks.