MASTERCARD PROFIT BEATS ESTIMATES ON HEALTHY SPENDING TRENDS

On Wednesday, Mastercard surpassed Wall Street's expectations for fourth-quarter profit, buoyed by resilient consumer spending during the holiday shopping season.

The payments processor experienced a strong year overall, benefiting from optimism surrounding a "soft landing" for the economy and speculation of interest rate cuts by the U.S. Federal Reserve. These factors encouraged significant purchases and increased travel, contributing to Mastercard's robust performance.

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