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-0.000491124675506863 -0.000420964007577368 0.000540237143057589 0.00131902055707582 0.000982249351013925 0 -0.000350803339647674 -0.00014032133585899
Stock impact report

Christine Poole's Top Picks: September 21, 2023 [BNN Bloomberg (Canada)]

Mondelez International, Inc. - Class A (MDLZ) 
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
Company Research Source: BNN Bloomberg
The U.S. economy has remained resilient, but cracks in the economy are starting to appear. Excess savings built up during the pandemic have dampened the impact of tight monetary policy, but the household sector has now whittled down its stockpile of excess savings. Consumers have also reduced their savings rate to finance spending. The household savings rate of 3.5 per cent of disposal income in July is near a historical low. In addition, households have also relied increasingly on credit to make purchases with credit card debt steadily rising. Delinquency rates have edged up and have normalized to pre-pandemic levels. Moderating wage growth, high debt servicing costs, and the resumption of student debt payments will soften consumer spending in the coming months. Recent economic data in Canada has not been encouraging. Gross domestic product (GDP) in the second quarter contracted at an annualized rate of 0.2 per cent, coming in below consensus expectations. More worrisome is the tw Show less Read more
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