The team of Geico-sponsored racing watercraft will appear together for the first time during the July 4 weekend at the Sarasota Powerboat Grand Prix event.
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
Important May reports are on the nation’s business calendar this week — retail sales today, the Consumer Price Index on Thursday and housing starts on Friday.
The 2016 IFBSO/ICOMIA Congress was held in Trieste, Italy, from Tuesday through Friday last week and was hosted and organized by ICOMIA member UCINA Confindustria Nautica, the Italian Marine Industry Association.
Invictus Yacht said its flagship 370 GT will debut at the Cannes Yachting Festival in September.
Federal Reserve chairman Janet Yellen said in late May that an interest-rate increase probably will be appropriate “in the coming months” if the economy and job market continue to show steady improvement.
Registration is open for the ICOMIA World Marinas Conference, which is set for Nov. 17-19 in conjunction with the Marine Equipment Trade Show in Amsterdam.
The Labor Department said today that the U.S. economy added only 38,000 jobs in May, the fewest since September 2010, but the jobless rate nonetheless fell to 4.7 percent, partly because of people dropping out of the labor force.
First-quarter growth slowed less than the government initially thought, but the National Association of Manufacturers says the U.S. economy continues to be challenged.
Two weeks ago, home resales were the player of the week. Last week, new-home sales stole the spotlight, but seen from either perspective the economy is winning because of contributions from these two heavy-hitting sectors.
Launched this spring, the 124-foot Perini Navi sloop Dahlak is the latest yacht from naval architect Philippe Briand’s London-based studio.