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Economy

This Week in Commerce: Amazon and Hershey earnings, Fed decision

black Samsung Galaxy smartphone displaying Amazon logo

Welcome to a new week. It’s an active week for the consumer economy. The Fed will issue its latest decision on interest rates, while Amazon and key consumer goods brands such as Clorox offer insights in earnings reports. Check out what’s ahead:

Events

Manifest 2023: The community of logistics and supply chain professionals gather in Las Vegas to hear from more than 250 speakers. The event features more than 1,000 startups, and attendees from more than 50 countries. Jan. 31-Feb. 2

Economic indicators

Consumer Confidence: The Conference Board releases monthly data on consumer sentiment and expectations in areas such as purchasing and inflation. Jan. 31, 10 a.m.

FOMC: The Federal Reserve releases its latest decision on whether and by how much to hike benchmark interest rates. The Fed is on an aggressive campaign to bring down inflation. Feb. 1, 2 p.m.

Jobs Report: The U.S. Labor Department releases monthly data on the number of new jobs in the economy, and the unemployment rate. Feb. 3, 8:30 a.m.

Earnings

Monday, Jan. 30: Pitney Bowes

Tues., Jan. 31: Snap

Wed., Feb. 1: Meta

Thurs., Feb. 2: Amazon, Hershey, Clorox, Columbia Sportswear, Lightspeed Commerce, Skechers, HanesBrands

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Marketing

Kellogg's takes inspiration from employees, Latin in snacks rebrand

Kellanova is now the parent of Pringles, Cheez-Its and Pop Tarts.

brown and white round cookies
Photo by Jeff Siepman on Unsplash

Kellogg Company's snacks business is now Kellanova. Here are a few finer points about how the forthcoming parent of Cheez-Its and and Pop-Tarts arrived at the new name.

Last year, Kellogg announced plans to split its business into multiple companies.

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