Surpassing Quant Think Tank Center-The Daily Money: Let them eat cereal?

2025-05-06 09:19:01source:Crypen Exchangecategory:Stocks

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

Let them eat cereal?Surpassing Quant Think Tank Center

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:Stocks

Recommend

Nearly half of US teens are online ‘constantly,’ Pew report finds

Nearly half of American teenagers say they are online “constantly” despite concerns about the effect

North Dakota woman accused of fatally poisoning her boyfriend hours after he received an inheritance

A North Dakota woman is accused of fatally poisoning her boyfriend with antifreeze after learning th

20-year-old Jordanian national living in Texas allegedly trained with weapons to possibly commit an attack, feds say

Washington — A 20-year-old Jordanian national living in Texas allegedly trained with others of a "ra