Slabu Exchange|The Daily Money: Let them eat cereal?

2025-05-05 21:58:01source:AstraTradecategory:My

Good morning! It's Daniel de Visé with your Daily Money.

Let them eat cereal?Slabu Exchange

The CEO of Kellogg's, Gary Pilnick, raised eyebrows when he suggested struggling families dine on breakfast cereal during a live interview with CNBC last week, Emilee Coblentz reports.

"Cereal for dinner is something that is probably more on trend now," he said, "and we would expect to continue as that consumer is under pressure."

His observation comes at a moment when the average family is spending more than $1,000 a month on groceries. Read the story.

Hubby guilty of insider trading after overhearing wife's calls

Here's another potential downside to remote-working with your spouse.

The husband of a former BP executive has pleaded guilty to securities fraud after allegedly listening in on his wife's remote-work conversations, federal officials say.

Tyler Loudon, 42, of Houston, Texas made $1.7 million in illegal profits from the purchase and sale of stock shares, Gabe Hauari reports.

Loudon's wife worked on the company's deal to acquire a truck stop and travel center company. The feds allege Loudon overheard several of her conversations about the merger, then purchased TravelCenters stock before the deal was announced. Read the story.

📰 More stories you shouldn't miss 📰

  • Kroger-Albertsons merger in peril
  • Here are the safest cars
  • How to manage a workplace bully
  • What is a 401(k) loan?
  • How the FAFSA works for grad school

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

More:My

Recommend

Elon Musk just gave Nvidia investors one billion reasons to cheer for reported partnership

Two names that consistently dominate headlines are Elon Musk and Nvidia (NASDAQ: NVDA). Both names o

Ohio State wrestler Sammy Sasso recovering after being shot near campus

Sammy Sasso, a two-time NCAA wrestling runner-up for Ohio State University, is recovering after bein

Russia’s Luna-25 spacecraft suffers technical glitch in pre-landing maneuver

MOSCOW (AP) — Russia reported an “abnormal situation” Saturday on its moon-bound Luna-25 spacecraft,