Inside these posts: SpendingPulse

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MasterCard reports back-to-school uptick

Caution remained the name of the game for U.S. consumers in September, but there was an upswing in spending on back-to-school supplies and less expensive electronics, according to a report by MasterCard Advisors’ SpendingPulse.

Clothing, electronics and online retailers all saw sales gains in September, SpendingPulse said, supporting Wall Street’s view that they got a boost from late back-to-school shopping that pushed sales from August. Get the full story »

Gas demand rose leading up to the 4th

U.S. weekly retail gasoline demand rose 1.6 percent in the week ending July 2 as the Fourth of July holiday weekend approached, the SpendingPulse report said Wednesday.

Average gasoline demand rose to 9.649 million barrels per day last week, while the national average retail price for gasoline remained unchanged at $2.74 a gallon, the survey showed. Get the full story »