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Detroit, MI, February 3, 2026 Waymo has successfully raised $16 billion in a recent funding round, elevating its valuation to $126 billion. This investment positions Waymo to significantly expand its robotaxi services to over 20 new cities worldwide, including major urban centers like London and Tokyo. With a strong safety record,
Dearborn, Michigan, February 3, 2026 Ford Motor Company has declared a first-quarter dividend of $0.15 per share on its outstanding stock. This move reflects Ford’s commitment to shareholder value as it transitions towards electric vehicles. The announcement comes ahead of their earnings report, showcasing continued confidence despite significant changes within the
Chicago, Illinois, February 3, 2026 First Independence Bank, based in Detroit, has acquired the deposits and most assets of Metropolitan Capital Bank & Trust following its closure by regulators due to unsafe conditions. This acquisition, valued at over $251 million in assets, marks a significant advancement for Detroit’s banking landscape while
Detroit, Michigan, February 3, 2026 Following Fifth Third Bancorp’s acquisition of Comerica Incorporated, discussions are underway regarding a potential name change for Comerica Park. While no immediate changes are planned for the 2026 baseball season, the bank intends to phase out the Comerica brand by 2027, leading to a reevaluation of
Detroit, Michigan, February 3, 2026 The City of Detroit is now accepting applications for its second round of municipal seed grants to support early-stage startups and drive innovation. This initiative includes 26 grants totaling $700,000, divided into seed and scale grants. Eligible applicants must be Detroit-based startups established within the last
Detroit, Michigan, February 3, 2026 Big Sean and Usher have introduced the Detroit Entertainment Innovation Incubator, aimed at empowering local youth in creative industries. Set to launch in February 2026, the incubator will provide essential resources, mentorship, and facilities to support aspiring young creators aged 14 to 24. The initiative highlights
Detroit, February 3, 2026 Bertelsmann Music Group (BMG) is reportedly negotiating to acquire Concord, a major music company owned by the Michigan State Retirement Systems, for around $7 billion. This acquisition would create one of the largest music entities globally. Concord has been expanding its portfolio through significant acquisitions and continues
Novi, Michigan, February 3, 2026 The Detroit RV & Camping Show showcased 385 vehicles at the Vibe Credit Union Showplace in Novi, attracting significant attendance and leading to impressive sales. The event featured RV financing options, numerous vendors, and highlighted a diverse set of recreational vehicles, reflecting a vibrant returned interest
Detroit, February 3, 2026 Detroit is considering the introduction of new entertainment and sales taxes as part of an effort to boost city revenue. The proposed taxes could generate substantial income, addressing budget challenges and supporting essential public services. Estimates suggest that a 3% entertainment tax on sports events could bring
Detroit, Michigan, February 3, 2026 The Michigan gubernatorial race is heating up as candidates showcase impressive fundraising efforts, indicating strong political engagement from voters. Independent candidate Mike Duggan leads with nearly $5 million raised, while Democratic candidate Jocelyn Benson and Republican candidate John James follow closely behind. These fundraising dynamics highlight
