2024 Minneapolis Innovation Award Winners Announced

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FEATURED INDUSTRY NEWS 2024 Minneapolis Innovation Award Winners Announced The NMMA and Boating Writers International (BWI) announced the winners of the 2024 Minneapolis Innovation Awards, recognizing groundbreaking new consumer marine products, during the Sneak Preview event on January 17 at the Discover Boating® Minneapolis Boat Show, in partnership with Progressive® Insurance. The Minneapolis Innovation Awards honor manufacturers and suppliers who bring new, innovative products in the boating industry to market in five categories: aluminum and non-fiberglass fishing boats, fiberglass fishing boats, pontoon boats, and furnishings. Read More Discover Boating Minneapolis Boat Show Returns With More Boats And A Spotlight On Innovation The sold out Discover Boating® Minneapolis Boat Show, in partnership with Progressive® Insurance, opens today and runs through Sunday at the Minneapolis Convention Center, featuring more boats, more brands and a showcase of the latest marine industry innovations, including the 2024 Minneapolis Innovation Award winners, announced last night during the show’s annual Sneak Preview event. The 2024 boat show has 700 new boats for attendees to see and shop – the largest collection of freshwater boats in the country. Read More LEADING ECONOMIC AND POLICY NEWS Retail Sales Up 0.6% In December Reuters says that according to an “upbeat” report from the Commerce Department on Wednesday, retails sales were up 0.6% in December following an unrevised increase of 0.3% in November. Sales “increased 5.6% on a year-on-year basis in December. Sales were likely partially boosted by difficulties adjusting the data for seasonal fluctuations following distortions during the COVID-19 pandemic.” The Wall Street Journal reports the year-over-year rise in December was close to that of December 2022, when sales were up 5.8%.         The AP says that “because spending by consumers accounts for nearly 70% of the U.S. economy, the report suggested that shoppers will be able to keep fueling economic growth this year.” Bloomberg reports that after the report, “Treasuries and US stocks fell as traders pared bets on Federal Reserve interest-rate cuts this year.” Treasury Secretary Endorses Bipartisan Short-Term Spending Deal Bloomberg reports that in a speech on Wednesday, Treasury Secretary Yellen “called on lawmakers to pass a temporary spending bill this week and avert a partial US government shutdown. ‘Failing to fund the government by this Friday’s deadline would harm American families and small businesses across the country,’ Yellen said.” Yellen added, “I’m heartened there’s bipartisan agreement, and urge members of Congress to meet the deadline to prevent an unnecessary shutdown.” Politico points out that “the new continuing resolution, unveiled over the weekend, still leaves the door open for a brief shutdown if the Senate can’t get unanimous agreement to fast-track action on the package. Without that, the window for debate would stretch past midnight on Friday, which is the deadline to fund Transportation-HUD, Military Construction-VA, Agriculture-FDA and Energy-Water.” Stocks Continue To Fall On Wednesday CNBC says, “Stocks fell Wednesday as Treasury yields tracked higher following the release of stronger-than-expected U.S. economic data.” The Dow Jones Industrial Average “declined 94.45 points, or 0.25%, to close at 37,266.67,” which “marked the third straight day of losses for the 30-stock index.” The S&P 500 “slid 0.56% to close at 4,739.21, and the Nasdaq Composite lost 0.59%, ending the session at 14,855.62.” Previous Top Stories  • Discover Boating Publishes Relevant Content In December To Maintain Engagement With Boaters  • Senate Continuing Resolution Easily Clears First Hurdle In Senate

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