WASHINGTON — Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes.
NEW YORK — In another sign of confidence for the global economy, FedEx Corp. on Monday sharply raised its earnings outlook for its fiscal first quarter and full year.
STOCKHOLM — Swedish truck maker AB Volvo returned to a profit in the second quarter from a loss a year earlier, helped by a gradual pickup in demand and improved productivity, it said Thursday.
GREENEVILLE, Tenn. — Forward Air Corp., which provides air freight services to cargo carriers and airlines, said on Thursday that its second-quarter net income nearly tripled to $7.9 million as shipping volumes and prices rose.
NEW YORK — UPS isn’t expecting U.S. consumers to significantly increase spending anytime soon. Instead, it’s counting on businesses to push the economy — and UPS’ domestic business — slowly forward with overdue purchases of computers and other electronics.
People aren’t spending money like they used to. Unemployment is still flirting with double digits. And the housing market is still shaky. So the future looks bleak for the economy, right?