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Here are the top finance stories of the day for October 30

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Here are the top finance stories of the day for October 30 2

Happy Friday!

The Big 4 tech companies (Apple, Amazon, Google, and Facebook) all reported earnings Thursday afternoon. The quartet beat Wall Street estimates

Lots of good stories from us, so let’s get right into it. 

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Robert Cortright, DriveWealth

Robert Cortright, DriveWealth CEO

DriveWealth


We’re a big fan of pitch decks here at Business Insider. In fact, we’ve built an entire searchable database of them

Here’s a new one from Rebecca Ungarino that caught my eye for fintech DriveWealth’s Series C raise

The size ($56.7 million) and lead investor (Point72 Ventures) in the round are both noteworthy. However, it’s what DriveWealth actually does that makes this deck so interesting.

The fintech helps companies offer financial services, be it stock trading or do-it-yourself investing. In many ways, it’s a key figure in the rise of personal finance apps we’ve seen over the past few years. 

Check out the entire deck here.


Knotel cofounders

Knotel cofounders Amol Sarva (left) and Edward Shenderovich (right)

Misha Friedman/Bloomberg/Getty Images


 Great scoop from Daniel Geiger and Meghan Morris on the latest at Knotel. The flex-space provider is making cuts, and Daniel and Meghan have an inside look at how Amol Sarva, the company’s CEO, is pitching it to employees. Read the full story here


ADP employees



Courtesy of Comparably


Earned wage access is one of the hottest trends in payments right now. Shannen Balogh with a nice scoop on one of the world’s largest payroll providers throwing its hat in the ring. Read more about ADP’s EWA pilot.  


Jack Chandler, founder of Majesteka Investments Holdings

founder of Majesteka Investments Holdings

CrowdStreet


Speaking of scoops, nice people move story from Alex Nicoll. Jack Chandler, the former BlackRock real estate head, has joined a startup. Read more about Chandler joining CrowdStreet and what motivated him to make the move. Check out the full story here.


Lou Maiuri State Street

Lou Maiuri is the chief operating officer of State Street.

State Street


Returning to the office is a tricky endeavor, made more difficult by a spike in COVID-19 cases in recent weeks. Reed Alexander spoke with State Street’s COO about the firm’s approach to slowly getting some people back in the office. Get all the details here


Odd lots:

In HBO’s ‘Industry,’ Gen Z Bankers in Existential Crisis (WSJ)

J.C. Penney enters asset purchase agreement with Brookfield, Simon (Reuters)

An Avalanche of Fraud Buried a Small-Business Relief Program (Bloomberg)

Oil giant Exxon plans to cut up to 1,900 US workers after a strategic review (BI)

And Now, a Sinkhole Full of Rats (The Cut)

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