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(Reuters) - Heavily shorted mortgage provider Rocket Companies saw its stock surge on Tuesday, in an eye-popping move reminiscent of the rallies that powered GameStop GME.N and other so-called meme stocks earlier in the year.
FILE PHOTO: A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2020. REUTERS/Brendan McDermid
Shares of Rocket, the parent company of Quicken Loans, closed up 71.2% at $41.60 after being halted several times for volatility. More than 367 million shares changed hands in the stock’s busiest trading day ever.
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HOBART â Southlake Mall, the focal point of retail in the Region for nearly a half-century, is being managed by trustees and facing foreclosure in Israel, where owner Starwood Retail Partners owes $145 million in debt from a recent refinancing.
Now managed by Pacific Retail Capital Partners, the two-story mall at U.S. 30 and Mississippi Street has suffered from some major vacancies â such as the Carson s and Sears anchor stores after those department store chains went bankrupt. It has been operating with restricted hours since the coronavirus pandemic started.
More than 12,000 Hoosiers have died from COVID-19 since March 2020. There are real names, faces and human stories behind that staggering number. This Sunday, The Times partners with 11 Indiana news agencies to share the stories of dozens of âHoosiers Weâve Lostâ in a special print section and online presentation. Watch for it Sunday.