The Street
  • 3 months ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Friday is the best day for online shopping deals.

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Sports
Transcript
00:00I'm Conway Giddens reporting from the New York Stock Exchange.
00:03Here's what we're watching on the street today.
00:05The selling pressure intensified on Wall Street Friday,
00:08making for the worst week for stocks in over a year.
00:12There's growing investor fear.
00:14Anticipated rate cuts by the Federal Reserve will come too late to prevent a recession.
00:19Those fears were sparked by government data confirming a slowdown in the labor market in August.
00:24Attention next week turns to the latest inflation data and big product reveals from Apple.
00:30In other news, everyone is always looking for ways to save,
00:33and if you're looking to score an online deal,
00:35then your best bet is to go shopping on Friday, according to new research.
00:40Simply Codes took a look at the marketing habits of more than 30,000 retailers between March and July
00:46and noticed that more coupons and discounts were released closer to Friday.
00:51In fact, half of all discounts showed up in e-mails between Wednesday and Friday,
00:56with the number of deals jumping roughly 20% on Friday alone.
01:01According to the group's findings, quote,
01:03retailers often release new deals on Fridays to capitalize on the weekend shopping rush.
01:09With many people receiving their paychecks on Fridays,
01:12stores aim to capture that fresh spending power.
01:15The biggest Friday deals are for women's apparel, skin care products, and alcoholic beverages.
01:20Sense a theme there?
01:22All of them point to a fun night out for the ladies.
01:25Can't find the deal you want?
01:27Log on to coupon aggregators like Simply Codes, RetailMeNot, or Coupon Cabin
01:32to check for price cuts and free shipping.
01:35That'll do it for your daily briefing.
01:37From the New York Stock Exchange, I'm Conway Gittens with The Street.

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