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'We Gotta Keep Moving': Detroit Entrepreneurs Awarded $1.2M In Funding At Quicken Loans Demo Day
Saturday, June 23, 2018 - 4:44pm | 848In Dan Gilbert’s view, there are four pillars to Detroit’s growth: blight, jobs, safety and education. That’s why the company Gilbert founded, Quicken Loans, awarded $1.2 million in funding to Detroit entrepreneurs at the company's second annual Demo Day Friday, he said....
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StockX, AutoBooks CEOs Talk Tech In The Motor City At Detroit Fintech Association Gathering
Wednesday, May 30, 2018 - 9:36am | 862The newly formed Detroit Fintech Association has a threefold mission: networking and job placement; attracting tech workers and companies to Detroit; and mentoring students in financial literacy and investing. “There are financial technology companies all over the country. A lot in New York [...
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Quicken Loans Is Now The Largest Home Lender In The US
Thursday, February 1, 2018 - 4:37pm | 343Quicken Loans announced Thursday it surpassed Wells Fargo & Co (NYSE: WFC) in fourth-quarter retail mortgage volume to become the largest residential mortgage lender in the United States. Quicken recorded 25 billion retail mortgages, while Wells Fargo posted 23 billion, Bank of America Corp (...
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Rocket Mortgage Now Lets You Pay Your Bills With Alexa
Wednesday, December 20, 2017 - 12:33pm | 373Amazon.com, Inc. (NASDAQ: AMZN) Alexa has cozied up with a number of services and devices this year. She orders your Domino’s Pizza, Inc. (NYSE: DPZ), she controls your Ford Motor Company (NYSE: F) tunes, and now she pays your mortgage. Through a new partnership with Quicken Loans, Rocket...
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Detroit's Tallest Building Breaks Ground: 'This Is Going To Be A Site Of Our Recovery'
Thursday, December 14, 2017 - 1:58pm | 866A groundbreaking was held Thursday for a $1-billion, 800-foot development on the onetime site of the Hudson’s department store in downtown Detroit that will be the city’s tallest structure once completed. The 1.1-million-square-foot development by Dan Gilbert’s Bedrock real estate...
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Jim Chanos Talks The Short-Seller Strategy, Detroit's Bright Future
Wednesday, December 13, 2017 - 7:35pm | 1108Short sellers are often characterized as pessimistic, “glass-half-empty” kind of guys. But Jim Chanos doesn’t see it that way. In fact, the way he views his job is almost patriotic. “I like to say that short sellers are the ultimate capitalists, because for capitalism to...
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As Financial Processes Go Digital, Detroit Looks To Siphon Talent From New York, Chicago
Saturday, September 16, 2017 - 10:53am | 617New York and Chicago have long been Meccas for aspiring financial leaders. Centered around their stock and option exchanges, the cities' capital markets lured fresh talent looking to make a name in the financial sector. But Jason Raznick, CEO of Benzinga, says the power of that appeal has...
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Lululemon Is Opening Its First Detroit Store, Joins Downtown's Retail Avenue
Tuesday, August 15, 2017 - 4:22pm | 370Detroit is putting on its yoga pants. Lululemon Athletica inc. (NASDAQ: LULU) is opening its first store in the city this fall. The athletic wear maker joins a line of national retailers who have opened locations on Woodward Avenue in downtown Detroit. They include Nike Inc (NYSE: NKE), Under...
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Negotiations Move Forward On Dan Gilbert's Proposed Detroit MLS Stadium
Monday, July 31, 2017 - 12:52pm | 459A deal between Dan Gilbert's Rock Ventures and Wayne County that would result in the construction of a Major League Soccer stadium in downtown Detroit and a new municipal criminal justice complex is a step closer to reality. Fail Jail The downtown site of Wayne County’s “fail jail...
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SHIFT Tech Summit To Highlight Innovation In Home Furnishing
Friday, June 23, 2017 - 9:19am | 667Amber Engine — a Detroit startup that in January launched software intended to modernize the home furnishing industry — is hosting about 200 C-level executives from the sector at the SHIFT Tech Summit June 26-28. Companies who are attending include Bed Bath & Beyond Inc. (NASDAQ:...
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Alibaba Links Entrepreneurs With China, A Market Jack Ma Says Can't Be Ignored: 'You Will Miss The Future'
Wednesday, June 21, 2017 - 7:26am | 721Gateway '17, Alibaba Group Holding Ltd (NYSE: BABA)’s first conference of this kind in the United States, opened in Detroit Tuesday with a message of globalization — and growth. The company that’s transformed the concept of retail came to the Motor City to connect small...
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The Buzz Over The Start Of The Drone Racing League's New Season
Tuesday, June 20, 2017 - 4:48pm | 440Dipping, dodging, banking, bumping and the prickly personalities of the ground-bound pilots are featured in the most-ambitious season yet of the startup Drone Racing League, which already finished its second year in reality but is just getting started on Walt Disney Co's (NYSE: DIS) ESPN....
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Another Cavaliers Vs. Warriors NBA Finals: With Their Payrolls, Should We Even Be Surprised?
Thursday, June 1, 2017 - 5:17pm | 811The NBA Finals are back. After a string of blowout playoff games, the stage is finally set for the Cleveland Cavaliers and Golden State Warriors rematch. In honor of the Finals opener, Benzinga is taking a quick look at the business behind NBA champions. You Have To Pay More To Win More The...
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With The Launch Of The QLine, Detroit Has Its First Streetcar In 60 Years: 'It Validates The City'
Friday, May 12, 2017 - 1:30pm | 1099The QLine, Detroit’s $140 million streetcar line on a 6.6-mile loop, opened to the public Friday after nearly a decade of planning and with assurances that it’s intended as the first piece of a broader regional transit system. The Kresge Foundation, Quicken Loans Chairman Dan Gilbert...
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How A California Filmmaker Won Two Emmys Living Broke In Detroit—And Came To Love The City
Friday, March 31, 2017 - 11:26am | 1075Stephen McGee and his wife are from California, but his two children are Detroit born and raised. “As we say, ‘made in Detroit,’” McGee said with a smile. McGee is an Emmy-winning filmmaker who has lived in Detroit for the past 12 years. McGee moved to Detroit in 2005 when...