Econ 101: November 26, 2012

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.

  • Thanksgiving weekend shoppers spent $59.1 billion, a 13 percent rise from 2011. [Bloomberg]
  • Protesters rallied outside Walmart locations in at least 100 cities on Black Friday. [CNN Money]
  • For the first time, Black Friday sales topped $1 billion online. [Reuters]
  • Business and political leaders think a trade deal between the U.S. and Europe may finally be attainable. [New York Times]
  • Eurozone leaders still aren’t in agreement about how to handle Greece’s second aid package. [Reuters]
  • British financial regulators fined UBS $49.7 million for actions that allowed a rogue trader to lose $2.3 billion. [Washington Post]
  • Hurricane Sandy caused at least $29.4 billion in damages in New Jersey, according to a preliminary estimate. [Wall Street Journal]