Are consumers under spending pressure? Not according to Mastercard’s earnings. - MarketWatch
1. Mastercard's gross dollar volume increased by 9% in Q1. 2. U.S. volume growth rose to 8% in April, similar to Visa. 3. Mastercard's earnings were better than expected at $3.73 EPS. 4. Cross-border volume up 15%, indicating international travel trends. 5. CEO notes fundamentals for spending remain solid despite consumer sentiment.