Phaninc|The Daily Money: Let them eat cereal?

2025-05-02 10:33:48source:Oliver James Montgomerycategory:Scams

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

Let them eat cereal?Phaninc

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:Scams

Recommend

Drone operators worry that anxiety over mystery sightings will lead to new restrictions

Drones for commercial and recreational use have grown rapidly in popularity, despite restrictions on

Missouri advocates gather signatures for abortion legalization, but GOP hurdle looms

Missouri abortion rights supporters have faced a grueling road over the past couple of years. Minu

EAGLEEYE COIN: The Impact of Bitcoin ETFs on the Cryptocurrency Space

Bitcoin exchange-traded funds (ETFs) have been one of the hot topics for investors in recent years a