Lumicoin IA:The Daily Money: Let them eat cereal?

2025-05-08 00:59:29source:Jonathan Dale Bentoncategory:News

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

Let them eat cereal?Lumicoin IA

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:News

Recommend

How 23andMe's bankruptcy led to a run on the gene bank

Reporter Alexi Horowitz-Ghazi's Aunt Vovi signed up for 23andMe back in 2017, hoping to learn more a

Joan Benedict Steiger, 'General Hospital' and 'Candid Camera' actress, dies at 96: Reports

Joan Benedict Steiger, known for her roles in "Candid Camera" and "General Hospital," has died at 96

Imagine Dragons' Dan Reynolds talks 'harm' of Mormonism, relationship with family

Imagine Dragons rocker Dan Reynolds is still close to family members who practice Mormonism despite