A JPMorgan-backed fintech is looking to help kids play the market

August is typically a slow month in finance, as many on Wall Street take some time off — or a lot of time off if you're in Europe — to recharge before things ramp back up in the fall. But with the way 2020 has gone, I fully expect this month to be an absolute whirlwind.

One event to keep an eye on today: Shares of The Rocket Companies, the parent company of Quicken Loans, are set to begin trading this morning. What was expected to be one of the biggest IPOs of 2020 already priced way below expectations.

Why is that such a big deal? The public markets have remained buoyant even among record job losses and poor economic outlook. But Rocket's poor showing could mean cracks are finally starting to show.

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The new age of internships

This isn't your MD's internship.

The Wall Street internship has changed a lot over the years. The grueling, cutthroat process where interns worked long hours in hopes of getting a precious job offer has softened a bit more recently.

However, nothing has changed internships quite so drastically as the arrival of the coronavirus, which has forced investment banks to rethink their entire programs. Reed Alexander has the scoop on how one bank, Jefferies, switched things up.

Reed also got some great color from Jefferies CEO and budding social media star, Rich Handler, about why the bank chose to split its 10-week program into two five-week segments, one of which including working with charities.

A JPMorgan-backed personal finance app catering to children has doubled users this year. Now it's eyeing ways to let kids play the stock market.

Robinhood for kids? That's not exactly the plan, but it's also not that far off either. Shannen Balogh has got all the details on JPMorgan-backed Greenlight's impressive growth and its plans for launching investing products geared toward kids.

'Big 4' salaries, revealed: How much Deloitte, KPMG, EY, and PwC accountants and consultants make, from entry level to executive roles

Take a peak into your peers' pockets. Weng Cheong and Alex Nicoll have salary data for the "Big Four" accounting firms.

Odd lots:

Covid Surge Threatens M.B.A. Programs' Already Limited Back-to-School Plans (WSJ)

Hospitality Industry Turns to Tech to Lure Guests Back (WSJ)

Hedge funds are using these 10 alt-data sources to gain an investing edge and keep track of the coronavirus' impact (Business Insider)

TransferWise exchanges Goldman Sachs for in-house muscle (Financial News)

Houseplant sales are booming and so are 'plantfluencers,' the social-media creators sharing plant tips, products, and content (Business Insider)

Wall Street internships went virtual this year. From what to wear to how to stay organized, here's how to impress remotely. (Business Insider)