Czech car makers will produce quarter a million fewer cars than expected this year due to the global shortage of chips and the automotive sector will lose 200 billion crowns in sales, the Auto Industry Association said on Sunday. AutoSAP said domestic passenger car production dropped by 53.1% in September year-on-year, to 56,157 cars.
Several influential industry groups including the U.S. Chamber of Commerce met White House officials on Friday and raised concerns about labor shortages and coronavirus testing requirements as the administration races to implement a plan to require private-sector workers to be vaccinated against COVID-19.
Several influential industry groups including the U.S. Chamber of Commerce met White House officials on Friday and raised concerns about labor shortages and coronavirus testing requirements as the administration races to implement a plan to require private-sector workers to be vaccinated against COVID-19.
* Retail sales up 0.7% in September despite shortages. * Goldman Sachs (GS) rises on strong third-quarter earnings. * Indexes: Dow up 1.1%, S&P 500 up 0.8%, Nasdaq up 0.5% By Caroline Valetkevitch. NEW YORK, Oct 15 - U.S. stocks rose on Friday and the Dow scored its biggest weekly percentage gain since June, as Goldman Sachs (GS) rounded out a week of strong quarterly earnings for the big banks.
* Retail sales up 0.7% in September despite shortages. * Goldman Sachs (GS) rises on strong third-quarter earnings. By Caroline Valetkevitch. NEW YORK, Oct 15 - U.S. stocks ended higher on Friday after Goldman Sachs (GS) became the latest big bank to report strong quarterly earnings, and Wall Street's three major indexes posted gains for the week.
* Retail sales up 0.7% in September despite shortages. * Goldman Sachs (GS) rises on strong third-quarter earnings. * Indexes up: Dow 1.1%, S&P 500 0.8%, Nasdaq 0.4% By Caroline Valetkevitch. NEW YORK, Oct 15 - U.S. stocks rose on Friday as Goldman Sachs (GS) was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand.
The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 0915 Industrial Production Sep +0.2% +0.4% 0915 Capacity Utilization Sep 76.5% 76.4% 1000 Housing Mkt Index Oct 76 76 Tuesday 0830 Housing Starts Sep 1.61 M 1.615 M-- percent change Sep -0.3% +3.9% 0830 Building Permits Sep 1.69 M 1.728 M-- percent change Sep -2.2% +6.0% Thursday 0830 Jobless Claims Oct 16 293 K 293 K 0830 Phila...
Treasury yields rose and a
market indication of inflation expectations hit the highest
since 2005 on Friday as an unexpected increase in U.S. retail
sales in September added to bearish bond sentiment ...
Freddie Mac (FMCC) today predicted the continued strength of the single-family housing market even as mortgage rates are expected to modestly increase and home prices rise. Despite some obvious headwinds, the housing market remains strong as the economy grows, said Sam Khater, Freddie Macs Chief Economist.
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