Author: Fortune
In preparation for a boycott against cereal goliath Kellogg’s, TikToker Mandy Donley said, Let them eat flakes. The 31-year-old home baker is milling her own corn to make homemade Corn Flakes, a Kellogg’s product dupe, and posted a TikTok of the recipe—as well as a call to action to boycott the snack food conglomerate. WK Kellogg CEO Gary Pilnick said in a Feb. 21 CNBC interview that cash-strapped families should eat “cereal for breakfast” as a way to save money. “The cereal category has always been quite affordable, and it tends to be a great destination when consumers are under…
A post-flight inspection revealed a missing panel on an older Boeing 737-800 that had just arrived at its destination in southern Oregon on Friday after flying from San Francisco, officials said, the latest in a series of recent incidents involving aircraft manufactured by the company. United Flight 433 left San Francisco at 10:20 a.m. and landed at Rogue Valley International-Medford Airport in Medford shortly before noon, according to FlightAware. The airport’s director, Amber Judd, said the plane landed safely without incident and the external panel was discovered missing during a post-flight inspection. No injuries were reported. The airport paused operations…
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay artificially inflated costs to sell their homes. Under the terms of the agreement announced Friday, the National Association of Realtors also agreed to pay $418 million to help compensate home sellers across the U.S. Home sellers behind multiple lawsuits against the NAR and several major brokerages argued that the trade group’s rules governing homes listed for sale on its affiliated Multiple Listing Services unfairly propped up agent…
Gene Alston bought a home on Fairfax Avenue in Baywood, a small neighborhood in San Mateo, California, three years ago. His family moved in a couple months later, but the house had more issues than he was aware of, and after discussing with his architect, Alston decided it made more sense to tear it down and rebuild rather than remodel. The plan was to build a larger home in its place with an accessory dwelling unit for his mother-in-law. Alston learned that among other things, a historic review was required; to his relief, it turned out that the property was…
It’s official: America is set for a presidential election rematch between former President Donald Trump and President Joe Biden. The two candidates sealed their parties’ nominations this week when they each reached the required delegate count, setting up a replay of 2020 with the roles reversed: Biden the incumbent, vying for a second term he denied Trump, who is back in his comfort zone as the challenger. To say the two candidates have vast policy differences would be an understatement. But they do have one decision in common: Both nominated Federal Reserve Chair Jerome Powell to his post atop the…
What possesses the wealthy scion of one of America’s greatest industrialist families to embark on a late-in-life crusade to overhaul the fundamental infrastructure of the entire internet? Something that even exorbitant wealth can’t shield someone from: How mean people can be on the internet. During a messy, public divorce, which ultimately settled in 2011, Frank McCourt Jr., then the owner of the Los Angeles Dodgers, received a huge amount of internet backlash from the team’s fans. The attention he expected, but not the vitriol. “Of course it comes with the territory,” McCourt tells Fortune in an interview. “You own a…
It’s no secret that America is an increasingly polarized nation. It stands to follow that our places of residence would also be divided. But instead of a donkey and an elephant, the new emblems of each party might as well be an unowned apartment in a big city and a home in the suburbs. Just consider what Aziz Sunderji has stumbled onto. For nearly three years, Sunderji has been writing Home Economics, a Substack that has morphed from a graphic meditation on personal finance issues to a specific housing focus. With almost 14 years as a Barclays analyst under his…
If you’re in London this St. Patrick’s Day, you’re likely to find a decent-quality Guinness within a few hundred meters. But it wasn’t always that way. The drink that dates back to 1759 is entering its “golden age” and defying an industry setback faced by other brewers amid a rush for “premiumization” by leaning into its own form of premium: that of dominating the social media landscape. It has scared bartenders into the perfect pour and ultimately propelled Guinness to remarkable growth, and the brewer isn’t resting on its laurels. A ‘good’ Guinness It’s easy to tell how nice a…
Chinese companies are dominating in electric vehicles, forcing some of the biggest automakers in the world to put aside their differences to face the threat. Two of Japan’s biggest carmakers (and bitter rivals), Nissan and Honda, said Friday that they would work together to develop electric vehicles amid the looming threat of Chinese EV giants such as BYD. Although the arrangement is unusual for Japan’s second- and third-biggest carmakers, Honda’s president, Toshihiro Mibe, said that the companies need to work together to survive the threat of new industry contenders, according to the Financial Times. “The rise of emerging players is…
Apple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone’s sales in China that culminated in a jarring revision to the company’s revenue forecast. The preliminary settlement filed Friday in Oakland, California, federal court stems from a shareholder lawsuit focused on the way Apple relayed information about how iPhone models released in September 2018 were performing in China, one of the company’s biggest markets. Cook signaled that the new iPhones were off to a good start during an investor conference call in early November 2018, according to the complaint.…