Economic pressures aren’t holding back spending, according to Mastercard — and that’s sending the payment-technology stock higher.
Mastercard
MA on Thursday posted 9% growth in switched volume for its fourth quarter, with that metric measuring spending done through the company’s payment network. The company continued to grow at a 9% clip through the first three weeks of January.
Mastercard’s stock rises as earnings send an upbeat message about spending
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Economic pressures aren’t holding back spending, according to Mastercard — and that’s sending the payment-technology stock higher.
Mastercard
MA on Thursday posted 9% growth in switched volume for its fourth quarter, with that metric measuring spending done through the company’s payment network. The company continued to grow at a 9% clip through the first three weeks of January.
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