Good Morning! On this date in 1932, the baby of famed aviator Charles Lindbergh was kidnapped, setting off one of the most sensational manhunts of the 20th century. Bruno Hauptmann was executed for the crime in 1936. (See FBI Photos)
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Presidential Politics Visits Texas Border
A federal judge blocked a contested Texas law allowing the state to arrest illegal immigrants, just ahead of politically charged visits to the Texas border by President Biden and Donald Trump Thursday.
The judge said he believed the Texas law would be found unconstitutional because it conflicted with federal authority, and he temporarily halted the state from enforcing it while the case continues in the courts.
Meanwhile, President Biden traveled to Brownsville and called on Republicans to pass a border security bill that came attached to aid for Ukraine and Israel.
Trump went to Eagle Pass, where Texas has put up barbed wire, and blamed Biden for the immigration crisis, saying the U.S. “is being overrun by Biden migrant crime.”
Millennials in Line to be Richest Generation Yet
Millennials, born between 1981 and 1996, will inherit an estimated $90 trillion in assets over the next 20 years and become the “richest generation in history,” according to a new wealth report by global consultancy Knight Frank.
The generational shift in wealth will come in the form of property and other equity-rich assets passed down from members of the silent generation, 1928-1945, and baby boomers, 1946-1964.
The report, to be released next week, says Millennials will still face a complex future with a difficult housing market, continuing inflation, and being sandwiched between paying for adult children and aging parents.
Wendy’s Retreats from Surge Pricing Plan
Hammered on social media after announcing a plan to test “dynamic pricing” of its menu items in 2025, Wendy’s now says it won’t “implement that practice.”
CEO Kirk Tanner had said Wendy’s would invest $20 million in digital menu boards to update prices in real time without defining how the dynamic pricing model would work. But companies who use it generally charge more when demand is highest — like lunchtime.
A company spokesperson said Tanner’s statements were “misconstrued” without giving specifics. Criticism of the plan came from consumers and politicians, who accused the fast-food chain of “corporate greed” and “price gouging.”
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➤ The House approved a short-term funding bill on a 320-99 vote Thursday, avoiding a partial government shutdown today. The legislation still needs Senate approval. (More)
➤ Sen. John Cornyn of Texas announced his candidacy to replace Minority Leader Mitch McConnell as the GOP caucus leader. McConnell, the longest-serving party leader in Senate history, will step down in November. (More)
➤An Illinois judge overruled the Illinois State Board of Elections Wednesday and barred former President Trump from appearing on the primary ballot. “We will quickly appeal,” a Trump spokesman said. (More)
➤ Former House Speaker Kevin McCarthy revealed that President Biden relied on notecards and wouldn’t “deviate” from them in private meetings at the White House. “He would read from the card,” McCarthy said. (More)
➤Iowa’s Caitlin Clark announced she will skip her final year of eligibility and enter the 2024 WNBA draft. She is expected to be the first pick. (More)
➤Tom Brady, long embarrassed by his slow 40-yard dash time at the NFL combine in 2000, proved he is faster at 46 than he was at 22. (See Video)
➤Former PGA star Anthony Kim returned to professional golf, hit his first tee shot, and promptly asked for a “mulligan” (See Video)
➤Pop superstar Taylor Swift attended Kansas City Chiefs games unnoticed before her well-publicized stadium debut in September, according to Chiefs defensive backs coach Dave Merritt. (More)
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Market Report 02/29/2024
▲
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
16,089.15
+0.89%
▲
SPX S&P 500
5,092.21
+0.44%
▲
DJI Dow Jones Industrial Average
38,995.93
+0.12%
▼
BTC Bitcoin
$60,996.82
–2.4%
▲
ELSSF Elis SA
$22.91
+47.81%
➤ Big Stock Move: Elis, a French industrial service company, saw its stock jump 48% Thursday on the strength of its acquisition of Moderna. (More)
➤ California GOP lawmakers are calling for an investigation into an unusual minimum-wage exemption requested by Gov. Gavin Newsom for restaurants selling and baking bread. Longtime Newsom donor Greg Flynn owns several Panera Bread franchises. (More)
➤ Oprah Winfrey’s planned departure from the board of directors of WeightWatchers this coming May sent shares of the weight-loss company tumbling by more than 20%. Winfrey’s leaving the board because she lost weight using a prescription medicine. (More)
➤ Motorola, maker of the Razr smartphone, demonstrated advancements in display technology with a smartphone that bends around the user’s wrist at a tradeshow in Spain. (See Photo)
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➤Scientists are using $3 billion and 800 miles of seven-story-tall tunnels between Illinois and South Dakota to unlock mysteries about neutrinos and the universe. (See Photos)
➤ NASA released the first clear pictures of Odysseus, the lunar lander that snapped a leg during touchdown last week. Despite the setback, the spacecraft was able to collect data. (See Photos)
➤ The Danionella cerebrum, a tiny transparent fish smaller than a dime, can make a sound as loud as a gunshot. It may be the loudest fish for its size, researchers say. (See Photo)
➤ A mom who refused to let doctors take her daughter off life-support while the girl was in a coma was rewarded five years later when her daughter woke up. Doctors called it an extremely rare case. (See Video)
➤ A dad whose kids refused to eat bread crust on their sandwiches has gone viral for his recipe for re-using the crusts: He bakes them into cheesy “biscuits” that his kids love. (See His Recipe)
➤ A woman won a $135,000 prize from a lottery ticket she bought months ago and forgot to check. It was only after her husband reminded her that she learned she had won. (More)
➤ The Texas wildfire has grown into the largest in the state’s history, covering 1,700 square miles of scorched prairies, dead cattle, and burned out homes. Firefighters say it’s only 3% contained. (See Video)
➤ Funeral services for Alexey Navalny, the Russian opposition leader who died in an Arctic penal colony February 16, will be held today in Moscow. A strong police presence is expected, Navalny’s press secretary said. (More)
➤ A man ejected from the sunroof of his car after tumbling hundreds of feet down over the side of a California cliff was rescued by helicopter after two days. The man’s injuries were moderate, officials said. (See Video)
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