Wall Street — Traders react to the Supreme Court's decision at the post that trades WellPoint on the floor of the New York Stock Exchange, June 28, 2012.
REUTERS/Brendan McDermid

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Monday was a rocky one for the markets. A rise in coronavirus cases, a bleak outlook for another round of stimulus checks, and being just a week out from the election created the perfect storm for a volatile market.

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Wall Street loves data centers

Everyone knows financial firms have grown obsessed with the power of data in recent years.

But what about the places that actually store it.

Big-time investors like Goldman Sachs, KKR, and Blackstone are rolling out plans to buy up data centers.

Daniel Geiger's got the entire rundown on why nondescript looking buildings are becoming the hottest investment on The Street.

Click here to read the entire story.

How much PE pays

wolf of wall street — Actor Leonardo DiCaprio, in his role as Jordan Belfort in the 2013 film, "The Wolf of Wall Street."
Paramount Pictures

Bradley Saacks with a nice look at what you should expect to get paid working in PE. From associate to managing partner, or boutique to giant, we've got the rundown of comp. Take a look at the data here.

MoneyGram exec explains digital transformation that's helped fuel triple-digit growth

FILE PHOTO: A MoneyGram kiosk is seen in New York, U.S. January 3, 2018. REUTERS/Shannon Stapleton/File Photo — FILE PHOTO: A MoneyGram kiosk is seen in New York
Thomson Reuters

At first glance, MoneyGram might not appear to be a tech-savvy company. But thanks to significant investments made for a digital transformation, the company was in great shape to adjust services during the pandemic. MoneyGram's COO explained the entire process.

Odd lots:

15 top financial public relations experts CEOs are scrambling to hire, with shareholder activism and bankruptcies on the rise (BI)

Blackstone to Buy Simply Self Storage for About $1.2 Billion (WSJ)

Corporate Defaults Slow, Lifting Debt Market (WSJ)

The dark secret at the core of the yachting industry: 15 current and former crew members describe what it's really like to work on a superyacht, from bullying to sexual harassment (BI)

What was fun? (Vox)

Bond billionaire Bill Gross is entangled in a messy feud with his Laguna Beach neighbor over a million-dollar sculpture and the 'Gilligan's Island' theme song (BI)

Read the original article on Business Insider