New to the newsletter? Subscribe to The Daily Money to get the best consumer and financial news from USA TODAY delivered to your inbox every weekday morning. And give our news-inspired Spotify playlist a listen. It features every song quoted here.
Happy Friday, Daily Money readers. Jayme Deerwester back with you as we count down the remaining hours before the long weekend. Which reminds me: There will be no newsletter Monday due to the Memorial Day holiday.
Memorial Day sales go even bigger
Some Memorial Day weekend discounts will be higher than prior years and sales will last all summer long, analysts say.
This comes as retailers find themselves with more inventory than they anticipated as inflation hovers at 40-year high and financially strapped consumers are spending more on necessities such as groceries, gas and housing, said Zach Warring, equity analyst at CFRA Research.
Macy’s, Best Buy, Target and Walmart highlighted in their recent earnings calls that consumers aren’t purchasing nearly as much clothing, furniture, houseware and electronics as expected, hurting retailers’ profitability.
Memorial Day sales are concentrated in home goods, appliances, and outdoor furniture, which will remain the case this year, says said Kristin McGrath, a shopping and trends expert at RetailMeNot. But she says it’s “unique” to see some retailers including Target and Walmart offering as much as 50% off all patio furniture.
Our colleagues over at Reviewed.com have a rundown of all the best deals as well as a list of which stores will and won’t be open Monday.
📰 More stories you shouldn’t miss 📰
Delta scrapping 100 flights per day this summer: What travelers should know.
Verizon ups fees: How much will your wireless bill go up in June?
Peanut butter recall expanded: Products made with Jif added; rebates offered.
I feel the need for speed: How to make sure your hotel’s Wi-Fi is fast enough.
Are you grilling your burgers wrong?
With Memorial Day near, many Americans are looking to fire up the grill. Just make sure you do it safely.
When you buy cold foods like raw meat or poultry, you want to make sure it’s refrigerated within two hours of buying it at the grocery store, or one hour if it’s above 90 degrees Fahrenheit outside, says the USDA’s Food Safety Inspection Service.
All poultry should hit a minimum temperature of 160° Fahrenheit, while burgers made of ground beef, pork, veal or lamb should reach 165° F, says the agency. For whole cuts of beef, pork, lamb or veal, the CDC says internal temperature should reach 145° F, then let the meat rest for 3 minutes before serving or eating.
The FSIS advises using a food thermometer to double-check that your meats hit the right temperature. And once cooked, don’t let food sit out for longer than two hours – make it one if it’s over 90° F outside.
Also, when you’re removing cooked meat from the grill, don’t use the same tools or plates that have touched raw meat. And while you’re at it, make sure you wash your hands before and after handling uncooked meat.
🎧 Mood music 🎧
Rhett and Link’s ode to regional barbecue seems apropos heading into the holiday weekend.
“When my life is through, bury me in barbecue. People not from the South think barbecue means cookout. And that’s something they’re wrong about.”
LISTEN WHILE YOU WORK: You can hear just about every song quoted in the newsletter on the Daily Money Mood Music playlist on Spotify.