U.S. retail sales rose 8.5% during the holiday shopping season from Nov. 1 to Dec. 24, powered by soaring e-commerce sales, according to a report by Mastercard https://reut.rs/3mvIOmX | Reuters
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Americans stepped up their spending at retailers, restaurants and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales rose 1.3% in October from September, up from a flat reading in September from August. NewsNation business contributor Lydia Moynihan weighs in. Full story: https://www.newsnationnow.com/business/us-retail-sales-rose-1-3-last-month-a-sig
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