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Stocks reverse losses, oil surges with focus on Middle East conflict: Stock market news today

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The prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.

Stocks reversed losses Monday, even as the Middle East conflict added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.Islamist militant group Hamas launched a large-scale attack on Israel on Saturday, prompting a declaration of war in response. That has rattled markets, as investors worry that another full-blown conflict could join the war already being waged between Russia and Ukraine.

"We clearly demonstrated our commitment to good faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council,". Roy added that he was “surprised and disappointed” by the vote to reject the deal, which included a 19% pay hike, a $3,500 ratification bonus, increased retirement benefits, additional vacation time, and a decrease in time for wage progression to top pay.

FORT LAUDERDALE, Fla. — How much is Donald Trump's Mar-a-Lago worth? That's been a point of contention after a New York judge ruled that the former president exaggerated the Florida property's value when he said it's worth at least $420 million and perhaps $1.5 billion. Siding with New York's attorney general in a lawsuit accusing Trump of grossly overvaluing his assets, Judge Arthur Engoron found that Trump consistently exaggerated Mar-a-Lago's worth.

 

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