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Economy

“Superyacht Sales Jumped 77% Last Year as Inventories Shrank”

“Superyacht sales climbed to record levels last year, sapping supply and boosting prices to heights unlikely to soften despite the tumultuous start to 2022 in financial markets. A total of 887 superyachts were sold in 2021, a 77% jump from… Continue Reading…

Economy

“US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis”

“Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy. Economist surveyed by Dow Jones had expected the… Continue Reading…