While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday afternoon as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread more
Now that Janet Yellen reiterated on Wednesday that investors should expect a rate hike later this year, Jim Cramer is wondering what to do with high-quality packaged food names with a strong dividend, like General Mills.
General Mills has a large array of brands spanning from Cheerios, Chex, Pillsbury, Progresso, Yoplait and Betty Crocker to its natural and organic business, which includes the recently acquired Annie's.
The company reported a few weeks ago, and while revenues were hit because of the strong dollar, it still managed to beat Wall Street's earnings estimates by 4 cents.
"It was truly an impressive showing in a challenged category," the "Mad Money" host said.
On Tuesday General Mills hosted its annual investor day, where it outlined its plans to grow its business, including launching Yoplait in China and to dramatically expand its natural and organic product base dramatically.
To hear more on its plans for growth, Cramer spoke with General Mills chairman and CEO Ken Powell.
The CEO shared that General Mills has set high standards for this year, driven by an energy that stems from a rapidly changing consumer. As a result, General Mills must adapt through its product renovation, international expansion and growth in emerging markets.
Part of that renovation is to gear products toward the natural and organic food wave that has swept the U.S. In fact, in consumer studies, the company found that over half of people wanted less artificial colors and flavors in their food. As a result, General Mills has pledged to completely remove all artificial flavors and colors from its cereals by 2017.
The company decided to gear its products to be friendly for people with celiac disease or with gluten intolerance by removing gluten from its cereal as well.
"Frankly, the pace of change in these consumer markets today is faster than I've ever seen it," Powell said.
Read more from Mad Money with Jim Cramer
Cramer Remix: Wake up or you'll miss these stocks
Cramer: Why Apple could easily hit $140
Cramer: Beware! Expensive earnings season mistakes
Powell added that part of the initiative to adapt to rapidly changing consumer values is to listen carefully and give the consumer what they want at a higher pace of innovation.
Ultimately, the company has set aggressive goals of growing its cereal brand, snack and organic products.
"Snacking is the new meal in the U.S. Over half of our meals are snacks…as consumers snack more they are thinking more about the kind of snacks that they eat," Powell said.