Detroit

Detroit-based automaker General Motors Co. (NYSE:GM) announced Monday it will relocate its global headquarters to a new downtown Detroit building in 2025. Unlike rivals Ford and Chrysler, GM remains committed to the city. What Happened: GM’s new headquarters at...

Donovan Edwards, a name synonymous with tenacity and skill on the football field and upcoming Benzinga Detroit Draft speaker, has made an indelible mark in college football. Born and raised in West Bloomfield, Michigan, Edwards has not just played the game. He dominated it, by carrying the...

The world of the NFL is not just about touchdowns and tackles; it’s also home to some of the most astute investors in the sports world. As the 2024 NFL Draft in Detroit approaches, let’s shift the spotlight from the gridiron to the boardroom, where these athletes make huge financial...

One day after an unexpectedly hot inflation report sparked a sell-off in stocks, Treasury Secretary Janet Yellen told a Detroit audience it's important to keep the long-term trend in sight.  January's headline inflation figure rose to 3.1% year-over-year and core inflation hit 3.9%. The Magnificent...

As a 20-year-old Detroit sports enthusiast, I can confidently say this Sunday is the biggest game of my life. The Detroit Lions actually have a shot to punch their ticket to the super bowl.  This year has been the season of all seasons, and to see the way the Detroit community has come...

The United Auto Workers (UAW) union has endorsed President Joe Biden for the forthcoming November election, providing a significant boost to his campaign. What Happened: UAW President Shawn Fain announced the union’s endorsement at a conference in Washington, D.C. Fain praised Biden for his...

With a United Auto Workers strike already throwing the Big Three Detroit automakers into disarray, Detroit is facing a second potential strike from another sector that represents a major revenue stream for the Motor City. Detroit Casino Workers Authorize Strike: Workers at the three...

JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon visited Detroit on Wednesday to mark the 10 years since JP Morgan’s $200-million investment in the city. Dimon spoke at the Detroit Economic Club about the company’s efforts in the city, general economic trends and ...

Ten years ago, Detroit was still recovering from the 2007/2008 Great Recession in which hundreds of thousands of people lost their jobs and Detroit’s biggest industry, the auto industry, was struggling. JPMorgan Chase & Co (NYSE: JPM) invested more than $200 million in an effort to jump-...

The United Auto Workers (UAW) union strikes have entered their fifth day as workers continue to push for higher wages. Stellantis N.V. (NYSE: STLA) COO Mark Stewart says the automakers are doing all they can to reach a deal quickly. What To Know: The UAW is going head to head with...

In a recent development, former President Donald Trump has decided to address autoworkers in Detroit, opting out of the second Republican primary debate scheduled for Sept. 27. What Happened: According to a report by Politico, Trump’s Detroit visit coincides with the GOP debate in California...

Rocket Companies Inc (NYSE: RKT) board Chairman Dan Gilbert and his wife Jennifer, through the Gilbert Family Foundation, announced Wednesday a new $400-million medical facility in Detroit. The donations will pay for a new Nick Gilbert Neurofibromatosis Research Institute, which will support...

In a twist to the long-standing belief that buying a home is more financially savvy than renting, a recent study from Redfin Corp (NASDAQ:RDFN) tells a different story. What Happened: Today, in all but four major U.S. metros, it is notably more costly to buy a home than to rent one. Among the 50...

The Gilbert Family Foundation on Thursday announced the launch of Venture 313, a three-year, $10 million commitment that will help fulfill Detroit’s entrepreneurial potential and provide founders with opportunities to participate in the innovation economy. What To Know:...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1902, the Cadillac Motor Company was founded. Where The Market Was The Dow Jones Industrial Average trade at around 64.40 and the S&P 500 traded at 8.85. What Else...