Good morning! It's Daniel de Visé with your Daily Money.
Let them eat cereal?Databec
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.
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.
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.
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Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal
A massive new plastics plant planned for Louisiana’s St. James Parish in that state’s chemical corri
Amazon wants to send its corporate employees back to the office. Three years after the COVID-19 pa