Here's What Happened Inside Convenience Stores When Gas Hit $4

Jefferies Identifies High-Quality Energy And Materials Stocks As Cyclical Rotation Accelerates Jefferies analyst Lloyd Byrne wrote in a note on Monday that surging refined-product margins, stronger gas-fired power demand, and improving earnings estimates are providing clear tailwinds for energy stocks, even as valuations and technicals appear stretched. Byrne showed that the clearest source of strength in the energy market is refining. The six-month New York Harbor diesel-to-crude spread topped $100 (HOCL1 Index on Bloomberg) and has moved in close tandem with the Energy Select Sector SPDR Fund (XLE). Included in the "10...

Watch Live: The Fauci Hearing Dr. Anthony Fauci is testifying today before the Senate Homeland Security and Governmental Affairs Committe, after Chairman Sen. Rand Paul compelled him via subpoena.  Fauci, the former longtime director of the National Institute of Allergy and Infectious Diseases (NIAID) at NIH (1984–2022) and a leading public face of the U.S. COVID-19 response, is appearing as the sole witness. In his opening statement, Fauci said he was invoking his 5th amendment right not to answer Paul's questions.  Watch Live: This marks another round of congressional scrutiny of Fauci since his 2022 retirement,...