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Spark Networks, Inc. Q3 Earnings Summary

‘RBI remained net purchaser of U.S. dollar’

In September, the RBI had bought $9.169 billion and sold $8.378 billion in the spot market

The RBI remained net buyer of the U.S. currency in September 2021, after it purchased $791 million on a net basis from the spot market, RBI data showed.

In the reporting month, the RBI had bought $9.169 billion and sold $8.378 billion in the spot market, the monthly bulletin for November 2021, released on Monday showed.

In August 2021, RBI had net bought $3.747 billion. It had purchased $10.887 billion and sold $7.14 billion in the spot market during the month. In September 2020, RBI had net purchased $8.172 billion. During FY21, RBI had net purchased $68.315 billion from the spot market.

In the forward dollar market, the outstanding net purchase at the end of September 2021 was $49.606 billion, same as in the previous month, the data showed.

Gold Futures Snap 7-day Winning Streak, Settle Slightly Lower

Gold futures settled slightly lower on Monday, snapping a seven-day winning streak, as the dollar firmed against major currencies after having shed some ground in the previous session on weak consumer sentiment data.

The dollar index rose to 95.46, gaining about 0.35%.

Gold futures for December ended down by $1.90 or about 0.1% at $1,866.60 an ounce. Gold futures gained nearly 3% last week.

Silver futures for December ended lower by $0.241 at $25.105 an ounce, while Copper futures for December settled at $4.4000 per pound, down $0.0495 from Friday’s close.

Gold prices surged higher for seven consecutive sessions amid growing inflation worries after data showed U.S. consumer prices recorded their sharpest jump in over 30 years last month, and triggered speculation that the central bank likely start hiking interest rates by mid 2022.

A report released by the New York Federal Reserve today showed New York manufacturing activity grew strongly in the month of November.

The New York Fed said its general business conditions index jumped to 30.9 in November from 19.8 in October, with a positive reading indicating growth. Economists had expected the index to rise to 21.6.

Meanwhile, the report said firms were less optimistic about the six-month outlook than they were last month, with the index for future business conditions tumbling to 36.9 in November from 52.0 in October.

A Holiday Spectacular You Won’t Want to Miss

This steelhead trout gift assortment from Hudson Valley Fisheries will take you through the snacking season.

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By Florence Fabricant

This Preserved Lemon Has Heat

La Boîte’s new Tunisian-style lemons are a collaboration with Eric Ripert and Le Bon Magot.

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By Florence Fabricant

Halvah, Sufganiyot and Babka Chocolates for Hanukkah

Hanukkah Chic from Chocolat Moderne features eight filled chocolates with flavors of the season.

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By Florence Fabricant

A Cruet for Dressing or Syrup

These borosilicate glass vessels from Hungary are an attractive accompaniment to the dinner table.

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By Florence Fabricant

Biden signs infrastructure bill: LIVE Updates

Transportation Secretary Buttigieg discusses $1.2T infrastructure bill

U.S. Transportation Secretary Pete Buttigieg discusses the infrastructure bill, impact of Democrats’ spending bills on inflation, Biden’s approval rating and the future of electric vehicles.

President Biden has signed the $1.2 trillion infrastructure bipartisan bill into law today aimed at delivering investments and improvement for the nation's roads, bridges and waterways. 

Business leaders and lawmakers were in attendance. Follow all the developments on the FOX Business Blog. Mobile users click here.

CLICK HERE TO READ MORE ON FOX BUSINESS
 

 

Spark Networks, Inc. Q3 Earnings Summary

Below are the earnings highlights for Spark Networks, Inc. (LOV):

-Earnings: -$2.69 million in Q3 vs. -$0.14 million in the same period last year.
-Revenue: $53.30 million in Q3 vs. $60.78 million in the same period last year.

-Guidance:
Full year revenue guidance: $219 – $223 Mln