NATIONAL

Lawmakers To Face Off With GameStop Saga’s Key Players

0
FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees, including some lawmakers in Washington. The House Financial Services Committee is ready to dig into the confounding episode at a hearing on Thursday, Feb. 18. (AP Photo/John Minchillo, File)

(AP) — The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees, including some lawmakers in Washington. GameStop shares soared 1,600% in January before falling back to earth. Entangled in the mess are massive short-selling hedge funds, a social media message board and ordinary investors wanting in on the hottest new trade among others. The House Financial Services Committee is ready to dig into the confounding episode at a hearing on Thursday. Among those expected to appear are the CEO of the online trading platform Robinhood and swaggering 34-year-old YouTube personality and GameStop evangelist known online as Roaring Kitty.

Winter Storm Shuts Down Texas Oil Wells, Refineries

Previous article

Power Outages Linger For Millions As Another Icy Storm Looms

Next article

You may also like

More in NATIONAL