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• ☕️What Else is Brewing Friday Morning
  Starbucks engaged in “egregious and widespread” violations of federal labor law...
  Starbucks engaged in “egregious and widespread” violations of federal labor law at stores in upstate NY and illegally fired six workers in response to a unionization drive, a judge at the National Labor Relations Board ruled.
  
  Former President Trump does not have immunity from civil lawsuits over his role in the Jan. 6, 2021, attack on Capitol, the DOJ said.
  
  More than half of the global population will be obese or overweight by 2035 barring significant action, the World Obesity Federation warned.
  
  Egyptian officials confirmed the discovery of a hidden corridor in the Great Pyramid of Giza.
  
  
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• Mortgage rates are spiking…again
  The average rate on the 30-year fixed mortgage rose for the ...
  The average rate on the 30-year fixed mortgage rose for the fourth straight week, to 6.65%, according to Freddie Mac. While mortgage rates fell earlier this winter, they’re jumping again in response to strong economic growth and hot inflation data, which could signal more interest rate hikes from the Fed. Higher mortgage rates combined with already astronomical home prices have led to the most unaffordable housing market on record, per Bloomberg.
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• Dow climbs 340 points as stocks finish higher despite rising Treasury yields
  U.S. stocks closed higher on Thursday, shrugging off early losses as commentary from Atlanta Fed President...
  U.S. stocks closed higher on Thursday, shrugging off early losses as commentary from Atlanta Fed President Raphael Bostic appeared to help lift stocks in afternoon trading. The S&P 500 SPX, +0.76% gained 29.96 points, or 0.8%, to 3,981.35, according to preliminary data from FactSet. The Dow Jones Industrial Average DJIA, 1.05% gained 341.73 points, or 1.1%, to close at 33,003.57. The Nasdaq Composite COMP, +0.73% rose by 83.50 points, or 0.7%, to finish at 11,462.98. Atlanta Fed President Raphael Bostic on Thursday said he was firmly in support of a 25 basis point rate increase at the Fed’s late-March policy meeting, and that the central bank could be in a position to pause rate hikes by the summer. The market suffered earlier as the yield on the 10-year Treasury note moved meaningfully above 4%.
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• EIA reports a weekly decline of 81 billion cubic feet in U.S. natural-gas supplies
  The U.S. ...
  The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 81 billion cubic feet for the week ended Feb. 24. On average, analysts forecast a decline of 79 billion cubic feet, according to a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage for the latest week were at 2.114 trillion cubic feet, up 451 billion cubic feet from a year ago and 342 billion cubic feet above the five-year average, the government said. Following the data, April natural gas NGJ23, -2.88% was down 1.8 cents, or 0.6%, at $2.793 per million British thermal units on the New York Mercantile Exchange. Prices traded at $2.817 before the supply data.
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• Enbridge Buying Gulf Coast Gas Storage Facility for $335 Million
  Enbridge is acquiring a natural gas storage facility in a deal with Crestwood Equity Partners...
  Enbridge is acquiring a natural gas storage facility in a deal with Crestwood Equity Partners LP and Brookfield Infrastructure Partners.
  
  The Calgary-based midstream company is purchasing the Tres Palacios gas storage facility in Matagorda County, Texas, for $335 million, Enbridge announced on March 1.
  
  Tres Palacios is a salt cavern natural gas storage facility located in Markham, Texas, with a working gas capacity of around 35 Bcf across three storage caverns. A fourth storage cavern working its way through Federal Energy Regulatory Commission permitting would add another 6.5 Bcf of capacity.
  
  The facility has a maximum injection rate of 1 Bcf/d and a maximum withdrawal rate of 2.5 Bcf/d, according to regulatory filings.
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