JFrog soars 50% on first day of trading

The Daily Beast At the end of an elegant dinner in May 2019 in downtown Kyiv, Ukrainian parliamentarian Andriy Derkach handed a thick packet of papers to a former senior U.S. official he’d known for years. The packet was unremarkable in its presentation, the papers clipped on the top and crunched in the corners. The packet…

‘Amateur Hour’: Wall Street Pros Sheepishly Admit To Following Twitter’s ‘Day Trade Army’ For Stock Tips

Bloomberg reports that retail trading, exported from the US, is now going global: “In the U.K, tax-free savings account openings at Interactive Investor jumped 238% for investors between 25 and 34 years of age in April and May. In India, newly minted day traders are crowing after falling in love with stocks that trade below 7…

Morning Coffee: JPMorgan has a coronavirus case on the fifth floor. Reddit is the new Twitter for bankers

Coronavirus has broken out at JPMorgan in Manhattan. Given that there’s no vaccine, no herd immunity and continuing transmission in the population, this is unsurprising. It would be really unlikely that there would be exactly zero cases on Wall Street during the “back to the school” period.  It’s unfortunate for JP though, given that they made such…

Is Day Trading Just The Latest Fad?

For many people – especially those living in the United States – the COVID-19 pandemic has changed daily life considerably. With large parts of the country stuck at home, millions have turned to day trading and buying individual stocks as a way to earn an income until they can go back to work.