Detroit news and trends

Quicken Loans May Be Readying IPO
IPO // June 12, 2020

Mortgage lender Quicken Loans, one of the largest lenders in the United States, might be planning to go public, CNBC reported on Thursday (June 11). The company has filed its initial public offering (IPO) prospectus in secret, although it may become public next month, according...

Fiat Chrysler To Debut Robot Taxis In China
Merchant Innovation // February 11, 2020

Fiat Chrysler, in partnership with Chinese-based AutoX, wants to launch robo-taxis in China later this year, according to an announcement. The automobile maker, one of the “Big Three” in Detroit, has been casting a wide net for autonomous vehicle tech, and wants to keep pace...

PYMNTS’ Daily Data Dive: Is Home Buying Going Away?
Daily Data Dive // March 24, 2017

As real estate prices continue to rise every year and the millennial generation is in debt due to student loans, it’s not surprising that fewer people are running out to buy a home. Bloomberg peeked through the U.S. Census Bureau data on home buying over...

Amazon Brings Tech Hub To Detroit
Merchant Innovation // September 29, 2015

Amazon announced yesterday (Sept. 28) the unveiling of its corporate office in downtown Detroit, with plans to expand into a growing technology hub in early 2016. “We are expanding to multiple floors in our current building to accommodate the goals for our presence in Michigan and...

Quick Reads
Quicken Loans May Be Readying IPO

June 12, 2020
Mortgage lender Quicken Loans, one of the largest lenders in the United States, might be planning to go public, CNBC reported on Thursday (June 11). The company has filed its initial public offering (IPO) prospectus in secret, although it may become public next month, according to sources interviewed by CNBC. The target valuation hasn’t been […]

Fiat Chrysler To Debut Robot Taxis In China

February 11, 2020
Fiat Chrysler, in partnership with Chinese-based AutoX, wants to launch robo-taxis in China later this year, according to an announcement. The automobile maker, one of the “Big Three” in Detroit,...

PYMNTS’ Daily Data Dive: Is Home Buying Going Away?

March 24, 2017
As real estate prices continue to rise every year and the millennial generation is in debt due to student loans, it’s not surprising that fewer people are running out to...

Amazon Brings Tech Hub To Detroit

September 29, 2015
Amazon announced yesterday (Sept. 28) the unveiling of its corporate office in downtown Detroit, with plans to expand into a growing technology hub in early 2016. “We are expanding to multiple...