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March 5, 2021

Surge

Rocket Mortgage founder Dan Gilbert made $30 billion on paper after stock’s surge

CNBC Real Estate
Dan Gilbert, chairman, Quicken Loans Anjali Sundaram | CNBC Tuesday’s dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper. Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 per......

Mortgage application demand stalls as interest rates surge to highest level since July

CNBC
CNBC – For more and to sign up click here Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage interest rates last week rose at the fastest pace in......

Surgeon opposes relaxing of Covid restrictions: ‘We haven’t even come down below the surge last summer’

CNBC
CNBC – For more and to sign up click here States are easing social distancing rules but it’s “too soon” to roll back Covid restrictions, Dr. Atul Gawande warned on CNBC’s “The News with Shepard Smith.” “We are currently at levels of cases that are still above the highest level......

As Brazil faces record Covid-19 deaths, a variant-fueled surge and lagging vaccinations, Bolsonaro disparages masks.

New York Times
New York Times – For more and to sign up click here RIO DE JANEIRO — The daily death toll of Covid-19 in Brazil hit a record high of 1,582 on Thursday, according to a news consortium’s survey of local health departments. The painful milestone came as President Jair Bolsonaro......

Asylum seekers surge at U.S. southern border amid Biden administration’s new policies

CBS News
CBS News – For more and to sign up click here Watch CBSN Live The number of asylum seekers crossing into the United States is expanding as the Biden administration has eased restrictions on migrations. Mireya Villareal has more. Copyright © 2021 CBS Interactive Inc. All rights reserved. Source link......

India in a ‘delicate phase’ of its Covid battle as cases surge

BBC
It’s not just Maharashtra where cases have grown recently. Some areas in Kerala, Karnataka, Telangana, Madhya Pradesh, Chhattisgarh and Punjab states have also reported surges. This comes at a time when much of India is reporting a sharp fall in cases – with daily infections for the county falling to......

Brazil’s capital goes into lockdown to quell COVID-19 surge

Reuters
BRASILIA (Reuters) – The governor of Brazil’s capital city, Brasilia, decreed a 24-hour lockdown for all but essential services on Friday to curb a worsening COVID-19 outbreak that has filled its intensive care wards to the brim. FILE PHOTO: Demonstrators hold banners during a protest honouring the coronavirus disease (COVID-19)......

Bracket Watch: Michigan State Cracks the Field After Surge

Sports Illustrated
http://www.si.com/.image/c_limit%2Ccs_srgb%2Cfl_progressive%2Ch_1200%2Cq_auto:good%2Cw_1200/MTc5MjI4Njg1MTUxMjQ5OTA4/michigan-state-bracket-watch-ncaa-tournament.jpg Kevin Sweeney Last Saturday three men’s ranked teams lost to unranked foes. The chaos that a college hoops weekend wreaks on the bracket each week is enough to drive this bracketologist up a wall, but it wouldn’t be college basketball season without upsets. Where does the field stand as......

Bet on these stocks to outperform as bond yields surge, top investor says

CNBC
CNBC – For more and to sign up click here A surging bond market triggered a stock sell-off on Wall Street this week, but these names could outperform in this environment. Source – Click here for more To Return to the Main Aggregate News Page – click here...

GameStop shares surge in premarket as Reddit favorites rally again

CNBC
CNBC – For more and to sign up click here Jakub Porzycki/NurPhoto via Getty Images Shares of GameStop climbed 44% in premarket trade on Thursday as heavily-shorted stocks favored by Reddit traders look set for a resurgence. Investors piled into the bricks-and-mortar video game retailer on Wednesday following the reported......

Home Depot earnings top estimates as sales surge 25%

CNBC
CNBC – For more and to sign up click here People wear protective face masks outside Home Depot in the Flatiron district as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City. Noam Galai |......

Looking to continue late-season surge, LSU visits Georgia

Sports Illustrated
LSU is making an impressive run as the Southeastern Conference regular season enters its final days. The Tigers (14-6, 9-4 SEC) have won three in a row and are tied for second place heading into their game against Georgia (13-9, 6-9) Tuesday night in Athens, Ga. “I would say that......

Bitcoin hits $1 trillion in market value as cryptocurrency surge continues

CNBC
CNBC – For more and to sign up click here Yuriko Nakao | Getty Images The price of bitcoin crossed another major milestone Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk. The digital currency was trading at just under $54,000 per coin Friday as it hit......

COVID response drives $24 trillion surge in global debt: IIF

Reuters
LONDON (Reuters) – The COVID pandemic has added $24 trillion to the global debt mountain over the last year a new study has shown, leaving it at a record $281 trillion and the worldwide debt-to-GDP ratio at over 355%. FILE PHOTO: Buildings are seen in the Canary Wharf business district,......

Retail sales surge 5.3% in January vs. 1.2% estimate

CNBC
CNBC – For more and to sign up click here Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021, according to a government report Wednesday. Economists surveyed by Dow Jones were expecting a rise of just......

VP Harris responds to surge in violent attacks against Asian Americans

CNBC
CNBC – For more and to sign up click here U.S. Vice President Kamala Harris in Wilmington, Delaware. Leah Millis | Reuters Vice President Kamala Harris on Friday responded to a recent surge in violent attacks against Asian Americans. “We must continue to commit ourselves to combating racism and discrimination,”......

Portugal’s restaurants face long-term pain as the country struggles with Covid surge

CNBC
CNBC – For more and to sign up click here In downtown Lisbon, many cafes and restaurants are closed due to the mandatory confinement. Anadolu Agency | Anadolu Agency | Getty Images “It’s a dramatic situation,” a restaurant owner in Lisbon told CNBC having closed two of his four locations......

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