Today on The Open Bell:
SpaceX joined the Nasdaq-100 this morning, which means the index funds sitting in millions of retirement accounts had no choice but to buy $4.3 billion worth of Elon Musk's rocket company, because that's just how passive investing works.
OPEC+ has now hiked oil output three months in a row, WTI crude is below $68.65 a barrel, and if you're filling up this week you should actually notice the difference at the pump.
Foxconn, the company that assembles most of the world's iPhones, just reported a 40% revenue jump, and almost none of it came from smartphones.
If this helped you make sense of today, a five-star rating takes about ten seconds and helps a lot.
Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co
Not investment advice. For informational purposes only.
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Chapters:
00:00 Introduction
00:14 SpaceX enters Nasdaq-100 on July 7, forcing $4.3bn in passiv
03:05 OPEC+ adds 188,000 bpd from August, pushing WTI below $68.65
05:11 Foxconn Q2 revenue surges 39.8% on AI demand, flags geopolit
06:41 Closing thoughts
