Chelsea Fagan, Author of "The Financial Diet", joins Cheddar to discuss the do's and don'ts for shrinking your stress and increasing your bank account. She talks about living that "CEO lifestyle" and why it may not be as fun as it seems.
Fagan believes you should check your bank account at least once a week to make sure you understand where your money is going and confirm no suspicious activity. She talks about some of the major questions experts advise their clients to ask before starting a budget.
In addition, Fagan also explores different tips on investing from personal finance experts. The main piece of advice she continues to hear is that you need that 3-6 month emergency fund.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
