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Rocket Companies CEO: 'This Is Not A Stock You Want To Be Short'
Friday, January 29, 2021 - 12:46pm | 362Read More...Shares of Detroit-based online mortgage and financial services company Rocket Companies Inc (NYSE: RKT) were trading higher by more than 10% Friday morning on no news. Following the gain, CEO Jay Farner had a word of caution for short sellers: be careful. What Happened: Rocket Companies, fresh...
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Michigan Racial Equity Group Introduces New Initiatives To Boost Diversity In Cannabis
Wednesday, January 20, 2021 - 2:44pm | 337Read More...Michigan's state-led Racial Equity Advisory Workgroup has released recommendations to encourage more diverse ownership, according to Crains Detroit. The recommendations come, in part, through parameters in the state's 2018 legalization act that stipulates ownership...
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Apple To Build Developer Academy In Detroit As Part Of $100M Racial Equity Initiative
Wednesday, January 13, 2021 - 4:29pm | 287Read More...Apple Inc (NASDAQ: AAPL) announced Wednesday it will open its first Apple Developer Academy in Detroit. The project is part of Apple's $100-million Racial Equity and Justice initiative. The company started the initiative last summer after the police killings of Breonna Taylor and George...
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Huntington Bancshares To Merge With TCF Financial, Creating A $22B Entity
Sunday, December 13, 2020 - 10:31pm | 664Read More...Huntington Bancshares Inc (NASDAQ: HBAN) and TCF Financial Corporation (NASDAQ: TCF) announced late Sunday the two banks have agreed to merge in an all-stock deal. What Happened: The combined company will have a market valuation of $22 billion and continue to operate under the Huntington ...
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Detroit OKs Adult-Use Marijuana Licenses With Benefits For 'Legacy Detroiters'
Tuesday, November 24, 2020 - 6:48pm | 394Read More...Detroit has approved an ordinance that green-lights the licensing process for adult-use marijuana businesses. According to Click On Detroit, the Detroit City Council voted unanimously to begin granting licenses to adult-use retailer establishments, growers, processors, safety compliance...
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How One Contractor Is Trying To Help Detroit Recover From The Pandemic
Monday, November 23, 2020 - 4:34pm | 805Read More...The construction business has boomed during the coronavirus pandemic. That’s according to Seth Helfman, the president at City Contracting Services, one of the biggest contractors in Michigan. Over almost 20 years, Helfman has witnessed countless economic cycles and their impact on...
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Fintech Focus For November 5, 2020
Wednesday, November 4, 2020 - 7:37pm | 1846Read More...Quote Of The Day: Try and fail, but don’t fail to try. - John Quincy Adams Fintech Movers: Global fintech funding reached $10.63 billion in Q3, a 4% increase on the previous quarter. - Business Insider BBVA tech boosts risk processes. Importance of fintech in banking. Zelle exceeds over 1B...
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Cannabis Regulatory Update: S.D. Favors Legalization, Tenn. Senator Supports Medical Weed, Detroit Update
Tuesday, October 27, 2020 - 11:30am | 1069Read More...South Dakota is likely to legalize medical marijuana sales this November. That’s according to a recent poll, in which 74% of respondents said they’ll vote in favor of a medical marijuana program for the Mount Rushmore State. The poll, conducted by Argus Leader Media and KELO-TV,...
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Lantern Offers Marijuana Delivery Service To Customers In Detroit
Thursday, October 8, 2020 - 11:54am | 289Read More...Lantern announced Thursday that it's introducing on-demand recreational cannabis delivery services into Detroit. The news comes just months after the company launched in Ann Arbor. According to the update, Lantern received the Michigan Marijuana Regulatory Agency...
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United Wholesale Mortgage CEO Talks IPO Plans, Lending Technology And Brokers
Thursday, September 24, 2020 - 2:52pm | 514Read More...On the heels of a record year, Pontiac, Michigan-based United Wholesale Mortgage announced this week it will merge with special purpose acquisition company Gores Holdings IV Inc (NASDAQ: GHIV) in a deal that would value the firm at $16.1 billion. The combined company will list on the Nasdaq...
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Kate Hernandez Of Detroit Venture Partners On VC Diversity, Startup Funding During A Pandemic
Thursday, September 3, 2020 - 10:52am | 1092Read More...Startups are constantly in the race for funding to propel their expansion. Benzinga spoke to Kate Hernandez, principal at Detroit Venture Partners, for insight on future trends for startups as well as challenges for those looking to enter the VC world as a career. Detroit Venture...
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Former Microsoft CEO, Detroit Native Steve Ballmer Makes Major Motown Museum Donation
Tuesday, August 18, 2020 - 1:58pm | 268Read More...Former Microsoft (NASDAQ: MSFT) CEO and Detroit native Steve Ballmer is donating $3 million to Detroit's Motown Museum through his nonprofit Ballmer Group. Ballmer Group is an organization with the goal of improving economic mobility for American families who are likely to stay in poverty...
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Dan Gilbert, Jay Farner On Rocket Companies IPO: 'Great Starting Point'
Thursday, August 6, 2020 - 2:13pm | 723Read More...Detroit-based Rocket Companies Inc (NYSE: RKT), the parent company of mortgage lender Quicken Loans, made its debut as a public company Thursday. Founder Dan Gilbert and CEO Jay Farner were interviewed on CNBC about the listing and the broader mortgage market. Gilbert On IPO Timing:...
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Rocket Mortgage Classic Announces Fund To Tackle Detroit's Tech Access, Digital Literacy Gaps
Tuesday, June 23, 2020 - 8:00am | 501Read More...The Rocket Mortgage Classic launched the Connect 313 Fund Tuesday, a partnership with the city of Detroit and United Way for Southeastern Michigan to improve internet and technology access across Detroit. A Digital Inclusion Effort: As part of the Classic’s “Changing the...
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Quicken Loans Plans To IPO: Report
Thursday, June 11, 2020 - 4:12pm | 362Read More...The country's largest mortgage lender is planning to enter the public market. What To Know: Detroit-based Quicken Loans is planning an initial public offering, people familiar with the matter told CNBC's Leslie Picker. The company has filed its IPO prospectus confidentially "and...
