Global food prices declined in December, led by sharp decreases for vegetable oils and dairy products, according to the latest FAO Food Price Index issued today.
General Mills (GIS -9.4%) sinks more than 9% after lowering operating profit guidance for the full fiscal year ending in May, citing higher prices for grains, nuts and dairy as well as 20-year highs in North American freight costs during February. Read more
President Trump is known to eat lots of fast food: McDonald’s and Kentucky Fried Chicken rank among his favorites. But the new president doesn’t just like the taste of Quarter Pounders and Fish Delights — he has also said that he believes chain establishments are safer. Read more