With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile |
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
Good morning. On Fortune’s radar today:
At Google, search ain’t what it used to be.
Markets: Crude climbs, stocks shrug.
With no end in sight, Trump considers new options in Iran war.
Midterms: The Senate is a coin-flip, polls say.
America’s curious thirst for raw milk.
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Stocks tread water. Oil does not.
S&P 500 futures were flat this morning. The index closed flat yesterday, just a smidge under its all-time high.
In Europe, the Stoxx 600 was down 0.1% in early trading and the U.K.’s FTSE 100 was up 0.88% before lunch.
Asia: Japan’s Nikkei 225 was down 1.06%. India’s Nifty 50 was down 0.85%. China’s CSI 300 was flat.
South Korea’s KOSPI slipped 1.38% today. (The KOSPI is up a staggering 53% for the year so far and the country's stock market is now worth more than the U.K.’s, Fortune’s Nicholas Gordon tells me.)
Brent crude was $111 per barrel this morning.
Central bankers expect gold to go up. Goldman Sachs analysts Lina Thomas and Daan Struyven have reiterated their target price for gold reaching $5,400 per troy ounce by the end of 2026. (The price was $4,637 this morning.) Why? Goldman took a survey of 29 central bankers at a recent conference and found that 70% of them saw it increasing. Many central banks have added gold to their reserves recently.
The future of Google may not be Google
Ever since Google was founded in 1998, its search engine has been the core of the company’s identity. For most of that time, search and search advertising have been the vast majority of the company’s business. Yesterday, that began to change, Fortune’s Alexei........