Transcript:
Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
The selling pressure intensified on Wall Street Friday – making for the worst week for stocks in over a year. There’s growing investor fear anticipated rate cuts by the Federal Reserve will come too late to prevent a recession. Those fears were sparked by government data confirming a slowdown in the labor market in August.
Attention next week turns to the latest inflation data and big product reveals from Apple.
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In other news…Everyone is always looking for ways to save . And if you’re looking to score an online deal – then your best bet is to go shopping on Friday, according to new research.
Simply Codes took a look at the marketing habits of more than 30,000 retailers between March and July, and noticed that more coupons and discounts were released closer to Friday. In fact, half of all discounts showed up in emails between Wednesday and Friday, with the number of deals jumping roughly 20 percent on Friday alone.
According to the group’s findings “Retailers often release new deals on Fridays to capitalize on the weekend shopping rush. With many people receiving their paychecks on Fridays, stores aim to capture that fresh spending power.”
The biggest Friday deals are for women’s apparel, skin care products, and alcoholic beverages. Sense a theme there? All of them point to a fun night out for the ladies.
Can’t find the deal you want? Log-on to coupon aggregators like Simply Codes, RetailMeNot, or CouponCabin to check for price cuts and free shipping.
That’ll do it for your Daily Briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.
Related: Walmart has very good news for Americans in search of deals
