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Holiday Spending Up 8 Percent; Online Sales Surge

Americans spent more on items like furniture during the holidays this year, with online shopping in particular seeing a big spike, according to a report released Monday. Overall spending rose 7.9 percent from a year ago, according to the MasterCard SpendingPulse report, which tracks retail sales across cards, cash and checks from Black Friday to Christmas Eve. The uptick was driven by people sitting in the comfort of their homes or at work, with online shopping up 20...

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