US holiday retail sales come in above forecast, Mastercard says
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U.S. retail sales increased by 3.8% from November 1 to December 24, driven by last-minute shopping and holiday promotions, according to a Mastercard report.
December 26, 2024 | 1:00 pm
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Mastercard reported a 3.8% increase in U.S. retail sales during the holiday season, indicating strong consumer spending and potentially boosting Mastercard's transaction volumes.
The reported increase in retail sales suggests higher transaction volumes for Mastercard, which could positively impact its revenue and stock price. The company's direct involvement in processing these transactions makes this news highly relevant and important for investors.
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