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Early data from Mastercard SpendingPulse said overall spending nationwide for the season was up around 3% amid signs shoppers were deliberate but not stingy.
Omicron casts a new shadow over economy s pandemic recovery
Just as Americans and Europeans were eagerly awaiting their most normal holiday season in a couple of years, the omicron variant has unleashed a fresh round of fear and uncertainty — for travelers, shoppers, party-goers and their economies as a whole.
A heightened sense of anxiety has begun to erode the willingness of some people and businesses to carry on as usual in the face of the extraordinarily contagious omicron variant, which has fast become the dominant version of the virus in the U.S.
Just as Americans and Europeans were eagerly awaiting their most normal holiday season in a couple of years, the omicron variant has unleashed a fresh