Page 6 - Rocket Cos News Today

Who Is The Richest Billionaire In Michigan? Ingram Publishing Some notable new entrants on the billionaire list include movie and TV producer Tyler Perry, Bumble dating app cofounder Whitney Wolfe Herd—the world’s youngest self-made woman billionaire, and Europe’s Guillaume Pousaz, founder of payments firm Checkout.com. And according to Forbes, the rich just keep getting richer with 86% of them being richer than they were the year prior. Who is the richest billionaire in Michigan? D...

The mortgage lender looks to diversify its revenue streams with its other Rocket companies.

DBusiness Magazine Land of Opportunity Can a red-hot industrial market in the region, driven by nearly unsatiable demand for mobility, e-commerce, and R&D facilities, finally bring about a renaissance in Detroit? Fair Deal: An architectural rendering of Amazon’s Detroit Fulfillment Center to be built on the site of the former Michigan State Fairgrounds near Woodward Avenue and Eight Mile Road. // Courtesy of Amazon With the outbreak of the COVID-19 pandemic last March, Gov. Gretchen Whitmer i...

Brandon Kochkodin, Bloomberg News Monitors display Coinbase signage during the companys initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times. Photographer: Michael Nagle/Bloomberg ...

DBusiness Daily Update: Rocket Community Fund and City of Detroit Invest $5M in Home Rehab Program, Automation Alley Distributes 300 3-D Printers, and More Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message. Courtesy of Bridge Our roundup of the latest news from metro Detroit and Michigan businesses as well as a...

Leaders of GM, Ford among opponents of Michigan voting restrictions Lansing — General Motors Co. and Ford Motor Co. are among the leaders of three-dozen major Michigan-based companies that voiced their opposition Tuesday to Republican-sponsored election bills that would make it harder to vote in Michigan and other states. But the Senates GOP leader indicated Tuesday they would press forward with the proposed changes in a bid to guarantee every vote is "handled and counted the same."  In...

Seven Must Reads for the CRE Industry Today (April 5, 2021) The Wall Street Journal looks at how investors in the single-family rental market are snapping up a significant share of houses on the market. A major skyscraper in London is on sale—providing a test for the appetite for office investment, reports Daily Business. These are among today’s must reads from around the commercial real estate industry. If You Sell a House These Days, the Buyer Might Be a Pension Fund “From indivi...

(March 7): Elon Musk set records last year for one of the fastest streaks of wealth accumulation in history. The reversal is underway and it’s steep. The Tesla Inc chief executive officer lost US$27 billion since Monday, as shares of the automaker tumbled in the selloff of tech stocks. His US$156.9 billion net worth still places him No. 2 on the Bloomberg Billionaires Index, but he’s now almost US$20 billion behind Jeff Bezos, who he topped just last week as world’s richest person.

We are already aware of Federal Reserve Chairman Jerome Powell’s stance on rates and inflation (at least for the immediate future). That loose monetary policy has the potential to inflate a big asset bubble on its own. But that isn’t the only Fed policy that could be (at least indirectly) wreaking havoc on the economy. The first Fed stimulus was issued in March 2020 to prop up the economy in the midst of the pandemic. A second stimulus was issued in January 2021. Both seem to have set the...

His US$156.9 billion net worth still places him No. 2 on the Bloomberg Billionaires Index.. Read more at straitstimes.com.