Fourth wave?: The U.S. on Monday reported more than 53,800 new COVID-19 infections, the lowest daily case count since October and a vastly different number from those plaguing the country just last month, when infections were topping 200,000 a day, CNN reports. However, experts worry that if Americans let their guards down—especially now with variants circulating—there could be another surge coming. While the Centers for Disease Control and Prevention continues to recommend Americans avoid travel if they can, the past weekend was one of the busiest for air travel in more than a month, with more than 4 million people flying since Thursday. Read the full story.
New deadline: President Joe Biden is extending a ban on housing foreclosures to June 30 to help homeowners struggling during the coronavirus pandemic. The moratorium on foreclosures of federally guaranteed mortgages had been set to expire March 31. See the full story.
Morning trading: Oil prices continue to hover near 13-month highs this morning, supported by the ongoing cold snap that shut wells in Texas, though gains were capped by a Norwegian wage deal that averted supply disruptions in Europe, Reuters reports. Benchmark Brent crude slipped 37 cents, or 0.5%, to $62.93 a barrel but remained near the 13-month peak reached in the previous session. U.S. West Texas Intermediate crude futures gained 45 cents, or 0.8%, to $59.92 after touching their highest since early January last year. Read the full story.