Oliver James Montgomery-The Daily Money: Let them eat cereal?

2025-05-07 21:26:31source:EvoAIcategory:Markets

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

Let them eat cereal?Oliver James Montgomery

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:Markets

Recommend

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

NYC will pay $17.5 million to man who was wrongly convicted of 1996 murders

NEW YORK (AP) — New York City will pay $17.5 million to a man who spent 24 years in prison for a dou

Moderate earthquake shakes eastern Myanmar and is felt in northern Thailand

BANGKOK (AP) — A moderate earthquake shook eastern Myanmar on Friday morning.The 5.7 magnitude quake