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Obama, McCain Focus on Economy in Battleground States (Update1) - Bloomberg

October 28th, 2008, 20:03

By @ October 28th, 2008, 20:03 in General

Oct. 28 (Bloomberg) -- Barack Obama and John McCain made their economic pitches to voters in Pennsylvania this morning as both campaigns focus on battleground states with one week to go before Election Day. McCain and his running mate, Alaska Governor Sarah Palin , continued to hit Obama on taxes more info

WASHINGTON : Consumer confidence plunged to its lowest on record in October, a private research group said Tuesday, as stock markets dropped sharply and companies laid off workers. The Conference Board said the consumer confidence index fell to 38, down from a revised 61.4 in September and more info

LONDON ( -- Global stock indexes rebounded from several days of steep losses Tuesday, with Hong Kong leading the advance. U.S. futures , which offer an indication of how markets may open when trading begins in New York, were sharply higher. European shares opened in positive territory more info

Hopes that the US Federal Reserve will cut interest rates tomorrow by at least a half percentage point helped spur a rally on New York stock markets. The bounce on Wall Street was all the more surprising because it came amid new grim data that showed US consumer confidence in October had slumped to more info

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