Last week economy watchers focused on Fed chairman Janet Yellen’s testimony before U.S. congressional committees on the American economy and the prospects for increases in the Fed’s key lending rate in the months ahead.
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.
Common sense has finally prevailed. Pantaenius, a U.S. marine insurer, said it will offer coverage for American boats traveling in Cuban waters. This eliminates a major barrier to cruising and fishing in Cuba, in my opinion.
Great Britain voted to leave the European Union, resulting in the resignation of Prime Minister David Cameron and sending stock markets globally into turmoil.
Colombia Nautica said it named Miguel Angel Franco as the company’s first director.
One of the things U.S. companies need to do so the economy will reliably grow is invest, and they have not been doing much of it in recent years.
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.
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.