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Gold Futures Settle Lower For 3rd Straight Day

Facebook, Instagram, WhatsApp Face Outage

Social networking giant Facebook Inc. (FB) and some of its apps, including Instagram and WhatsApp, suffered outages on Monday. Facebook’s stock slipped over 5% following the news.

Several thousands of users experienced outages on Facebook and its other social media apps. According to the site downdetector.com, which monitors web traffic and site activity, Facebook, Instagram, WhatsApp and Facebook Messenger were down before Monday afternoon. Facebook’s own site would not load, while Instagram and WhatsApp were accessible, but could not load new content or send messages.

“We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience,” Facebook tweeted.

The company did not reveal the reason for the outage, but it might be due to server issues. Although outages are not uncommon for websites and apps, several interconnected apps of the world’s largest social media company going down at the same time is a rare occurrence.

FB is currently trading at $323.04, down $19.97 or 5.82%, on the Nasdaq, on a volume of 26 million shares, almost double the average volume of 14 million shares.

Find Colorado home values by ZIP code

The pandemic put a torch to U.S. home price appreciation, resulting in gains surpassing those seen even during the headiest years of the housing bubble. And in that hot national market, Colorado stands out for how many areas are seeing double-digit gains in home values. Read the story — Aldo Svaldi

Bit Digital Gains 12%

Shares of cryptocurrency miner Bit Digital Inc. (BTBT) are currently trading at $12.74, up $1.39 or 12.24%, with trading volume of over 5.69 million versus an average volume of 21.7 million shares.

The company, on October 5, said it closed a previously announced private placement of 13.5 million ordinary shares. The company also issued to the investors unregistered warrants to purchase up to an aggregate of 10.1 million ordinary shares. The purchase price for one ordinary share and one warrant to purchase three-fourths of an ordinary share is $5.93.

The gross proceeds from the private placement were about $80 million before deducting placement agent fees and other estimated offering expenses.

PG&E Continues To Slide

PG&E Corp. (PCG) shares are sliding on Monday morning trade continuing a downtrend since Friday. There were no corporate announcements on the day to impact the stock movement.

Currently, shares are at $10.10, down 6 percent from the previous close of $10.71 on a volume of 7,511,900. For the 52-week period, the shares have traded in a range of $8.24-$12.91 on average volume of 18,375,703.

Sunrun Shares Up 6%

Shares of Sunrun Inc. (RUN) are rising over 6% Monday morning, after the company announced that it has increased its non-recourse warehouse lending facility to $1.8 billion in commitments, up $1 billion, while also reducing the interest cost by 50 bps to a spread of 200 bps over LIBOR.

The stock, which has been trading between $37.42 and $100.93 in the past one year, is currently trading at $46.13, up $2.90 or 6.72%, with trading volume of over 1.55 million versus an average volume of 5.23 million shares.

Daqo New Energy Gains 12%

Daqo New Energy Corp. (DQ) shares are rising on Monday morning trade, continuing an uptrend in search of a new resistance. Energy stocks have helped to lead the way higher on Wall Street today, benefiting from a sharp increase by the price of crude oil.

Currently, shares are at $62.90, up 12.32 percent from the previous close of $56.00 on a volume of 684,012. For the 52-week period, the shares have traded in a range of $33.33-$130.33 on average volume of 2,256,435.

AirPods On Sale For Back Friday

Tech giants Apple Inc (AAPL) have slashed the prices of its AirPods line-up for the Black Friday sale in big-box retailers. AirPods are some of Apple’s most sought-after gadgets and in an attempt to place them in every buyer;s shopping list on Black Friday on November 26, the company has decided to slash the prices to a range to entice the customers.

Amazon have shelved the AirPods ranging from $109 for AirPods to $489 for AirPods Max. The line-up has seen a similar price-cut on two occasions before in 2021.

AirPods with wired charging, usually priced at $159, is the most affordable of the bunch and just like Amazon, Walmart has also listed them at $109. AirPods Pro, the more sophisticated cousin of the AirPods is usually sold at $249 while the AirPods Max is sold at $549. The Max variant was on sale earlier this year at $455.

The sale will be on through Black Friday till Cuber security Monday.

Ready to run? Steelers show long-awaited balance in win over Broncos. – The Denver Post

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A New Cookbook by Indigenous People, for Indigenous People

A group of Indigenous chefs is releasing a virtual cookbook featuring digital issues, webinars and videos to reclaim narratives about Native foods.

By Priya Krishna

Gold Futures Settle Lower For 3rd Straight Day

Gold futures settled lower on Monday, extending its slide to a third straight session, as rising Treasury yields lifted the dollar to a near 3-year high against the Japanese Yen.

The yields on U.S. 10-year Treasury note climbed past 1.61%.

The dollar index climbed to 94.30, gaining about 0.25% over the previous close. Against the yen, the dollar rose to 111.42.

Gold futures for December ended down by $1.70 or about 0.1% at $1,755.70 an ounce, the lowest settlement in about two weeks. The contract slipped to a low of $1,749.90 an ounce before regaining some lost ground.

Silver futures for December ended lower by $0.040 at $22.665 an ounce, while Copper futures for December settled at $4.3665 per pound, gaining $0.0880.

The focus this week is on data on U.S. inflation and retail sales. The Federal Reserve will release the minutes of its last meeting.

The Bank of England policy maker Michael Saunders said on Saturday that inflationary surge “could become more persistent unless monetary policy responds.”

“I think it is appropriate that the markets have moved to pricing a significantly earlier path of tightening than they did previously,” Saunders said.

Earlier last week, BoE Governor Andrew Bailey had warned that inflation exceeding the BoE’s goal of 2% will be damaging the economy.