U.S. markets, which opened Monday amid news of a conditional bailout deal for Greece, sustained the stock rally that followed the announcement from Europe and closed significantly higher, a welcome development for the recreational boating industry.
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.
Carnival cruises have the green light to go to Cuba.
Uncertainty — the bane of investors, businesses and consumers alike — is showing up in the labor market, the Greek financial crisis and the Iranian nuclear talks and it could prove to be the watchword of the summer.
The U.S. economy added 223,000 jobs in June and the unemployment rate fell 0.2 percent to 5.3 percent, its lowest level since April 2008, according to the Department of Labor.
Consumer confidence continued to increase in June after a moderate improvement in May.
Sailors in the Volvo Ocean Race came to the stopover in Newport, R.I., with a one-word message. It’s not “strength” or “endurance” or any other inspirational messaging poster you might see hanging in an office boardroom.
Sure, you’ve got some marketing challenges. But how about picking up and moving your shop to the middle of the Indian Ocean? That’s essentially the challenge Volvo Group faces when it runs its Volvo Ocean Race around the world every three years.
More and more, it’s starting to look as if the risk that Greece will default on its debt is among relatively few serious short-term threats to a strengthening U.S. economy.
The Calypso, Jacques Cousteau’s research vessel, has languished in a coastal French warehouse amid a dispute between the Cousteau Society and a shipbuilding company over its restoration, which some say is a sign of the country’s fading maritime heritage.
Crocs have been a popular choice for those who prefer a quirky boating shoe and now the royal baby is giving the brand a resurgence.