Must Read Money Stories, Monday, Dec. 1

by December 1, 2014

New MRMS logoIt’s Cyber Monday, but what about Black Friday? Your inbox is probably bulging with Cyber Monday emails. But how did Black Friday shape up? For Amazon, it was the busiest Black Friday in history, reports the Telegraph. The online market place sold products at the rate of 64 per second. In all, Amazon sold 5.5 million items on Friday. How will it do on Monday? Last year, it set a Cyber Monday record of 4.1 million. We’ll see how things shape up at the end of the day, when Americans are expected to spend $2.5 billion.

In Peru, talk of the climate. Global climate talks kick off Monday in Peru. One hundred ninety-five nations have pledged to reach an agreement in 2015, according to BBC News. The two weeks of talks are beginning as nations around the world have reported the hottest temperatures over land and sea since record keeping began in 1880. “Ultimately this is not a problem that can be solved by just the US, China, and the EU,” said Paul Bledsoe, senior climate fellow with the German Marshall Fund of the US. “There’s a whole series of countries – Canada, Australia, Japan, Russia, South Africa, Brazil and Indonesia – who have not made commitments (to cut emissions) and we don’t know yet how robust their commitments are.”

Big crib sales are slowing. Growth in the sale of million dollar homes is slowing in key U.S. markets such as Miami, Las Vegas and Los Angeles, reports Bloomberg News. Sales of these big cribs are up just 5 percent in the third quarter 2014, compared with a 46 percent jump in the third quarter of 2013. International investors, who rushed into the market to snap up premium properties, have had their fill and are putting away their money. In Vegas, for instance, million-dollar home sales actually fell 11 percent, while they were flat in Miami.

Shed your coat, get on the plane. It’s amazing no one thought of this sooner. JetBlue says it now will let passengers from JFK International Airport check their coats before their flights, and collect them when they get back. It’s partnering with a startup called CoatChex. You’ll drop off your coat with a CoatChex attendant, and upon returning, give the attendant the last four digits of your mobile phone number. The attendant will make sure you’re the right person for the right coat. The service costs $2 a day or $10 a week.