Economy

The giant behind the popular language model is aiming for a $2 trillion valuation, potentially replacing SpaceX as the largest issuer. With high growth rates and reported operating profit, the market remains skeptical: is the company subsidizing user queries to undercut competitors?

Following a cold reception from institutional investors, the American real estate company Eagle Properties has cancelled its 500 million shekel bond issuance. The move leaves the offering's advisors and underwriters, including former Israeli Ambassador to the US Danny Ayalon, without their projected 10 million shekel fees.

Thanks to automatic deposits, market rallies and strong operating leverage, the five largest investment houses recorded a 52% jump in aggregate net profit to 651 million shekels. Meitav and IBI lead thanks to independent trading activities and services for the high-tech sector, while Altshuler Shaham remains far behind.

Ronen Ganon, the Haredi real estate entrepreneur who acquired Ace, Betili, Auto Depot, and 50% of Zol Stock, is entering the big leagues. The plan: to turn Ace into a chain that combines home accessories with food and to double the number of branches within a year. In an interview, he looks back at his childhood as a yeshiva student in a low-income family of seven and tells of the path he took to...

Stella Weinstein, who previously led the Yamina party, has been chosen to head Noga, a new subsidiary of Migdalei HaYam HaTichon that will offer comprehensive and innovative services for retirees.

The Fox Group held talks with international brands before October 7, but the war halted these plans. Harel Wizel stated that negotiations would resume if Israel enters a prolonged period of stability. Simultaneously, the company plans to expand the Jumbo chain and optimize its import logistics from China.

In an effort to maintain exclusivity, YouTube is paying millions of dollars to top creators. Experts warn that the bidding war could severely hurt Netflix's profitability and the company's stock.

Due to a shortage of external directors, Israel Railways is unable to approve financial statements. The Securities Authority has warned that this paralyzes oversight and threatens the trading of the company's bonds.

The British company Welink, operator of Portugal's largest solar power plant, has entered insolvency proceedings. The collapse follows a decline in electricity prices, severe malfunctions, and a 143 million euro lawsuit from a Chinese contractor.

In an open conversation with investors, Fox Group CEO Harel Wizel spoke about the difficulties of the growth engines at Retailors and Jumbo, alongside the group's recovery in the second quarter of the year.

Tal Raban, former CEO of Coca-Cola Israel, reveals how one brave decision to introduce a new and unknown brand managed to change the balance of power in the beverage market within just one year: "Great results happen only with brave decisions."

A senior partner at the investment bank fears that new technology is leading to cognitive decline and endangering the next generation, and shares what happened when they challenged the corporation's artificial intelligence system.

Bill Gates' private investment firm, Cascade Investment, has consistently increased its holdings in the American waste disposal giant Republic Services. According to official stock exchange filings, the firm, managed by Michael Larson, purchased shares over four consecutive trading days at prices ranging from $214 to $217 per share.

Tempo claims that since Goldstar WILD BATCH beer was taken off the shelves, many requests have been received to bring it back, and now the beer is returning in a special edition and with a renewed branding.

The renowned landscaping company Ameri-Pride, operating for 35 years in Florida, has filed for bankruptcy protection following massive debts of up to $10 million.

The company ONE has been selected to lead a strategic project at Bank Discount to implement a cloud-based SAP system. The new system, scheduled to go live in January 2028, will provide a unified AI-based information infrastructure that will improve operational efficiency and support the bank's growth.

PCB Technologies has won a strategic tender expected to accelerate its growth and deepen its penetration into the global medical device market. The contract is valued at approximately $65 million over two years.

The Hagag Group has signed memoranda of understanding for two large-scale real estate projects in Baku, Azerbaijan. The joint venture with a local partner aims to develop approximately 3,500 housing units within the Sea Breeze Resort area.

The WeSure Global Tech group presents its financial results for the first half of 2026, reporting a profit of 115.5 million shekels, alongside significant expansion in the US market and dividend distribution to investors.

InterCure has reached a final settlement with the Israel Tax Authority for 230 million shekels in compensation for damages sustained during the October 7 attack. Following the announcement, the company's stock jumped by 34% on the Tel Aviv Stock Exchange.

The chip giant is in advanced talks to invest in a company that has recorded a meteoric rise in its annual revenue, with a clear target already set for an independent IPO in the coming years.

The retail group is appointing IronSource alumnus and Rise founder, Oren Brant, to a first-of-its-kind position in the company, with the goal of expanding the use of AI.

The Barzani Group has entered as a partner (50%) in an Electra Magurim project in Elad. This concerns a plot of land that Electra Magurim won in an Israel Land Authority tender as part of the 'Target Price' program several years ago, and it includes a total of 234 housing units.

Yoav Karmi and Ariel Prestman, owners of Ha-Bayta Living, will not join the Orion board of directors following the shareholders' vote. They failed to secure the required 51% majority.

Rothstein Nadlan summarizes the second quarter of 2026: The company reports the sale of 121 apartments in the first half of the year. In the field of urban renewal, the company reports about 15,000 housing units that are in various stages of business development.

The Anshei Ha'ir group recently gave away an apartment as a gift, which may have boosted sales after a sluggish period. Revenues rose to 110 million shekels in the second quarter. The company sold 16 apartments at an average price of 7.8 million shekels.

Motorola Solutions is paying $1.5 billion for D-Fend's cyber technology, which enables the remote takeover of hostile drones. Founder Zohar Halachmi will join Motorola as a Senior Vice President.

Digital insurance company Libra concluded the second quarter of 2026 with a profit of 28 million shekels and the industry's lowest expense ratio, driven by the success of its daily insurance app, Chik.

The quarterly profit of Alfred Akirov's real estate and hotel company has dropped sharply, but this is not due to core operations. The primary driver of profit and volatility for the company has been the fluctuations in the value of its holdings in Clal Insurance and Bank Leumi.

Next Vision reports a new order worth approximately $5.9 million from an existing client, adding to an unprecedented order backlog of over $217 million since the beginning of 2026.

Blue Square Real Estate, operator of the TLV Mall in Tel Aviv, has filed a 35.4 million shekel lawsuit against businessman Moshe Golbary. The mall alleges that the Golbary and Sacara chains breached lease agreements.

Navitas Petroleum concluded the first half of 2026 with a sharp rise in activity following the launch of the Shenandoah project. The partnership recorded revenues of 517.2 million dollars and a net profit of 80.4 million dollars.

About a year ago, Moshe Nur's company promised a revolution in the textile printing market and revenues of tens of millions of dollars. However, the report for the first half of 2026 reveals that revenues are only 1% of the forecast, the coffers are nearly empty, and shareholders have been asked to provide financial backing to keep the company afloat.

OpenAI CEO Sam Altman has admitted that he overestimated the pace of AI integration into the economy. He noted that society and businesses are adapting to new technologies more slowly than anticipated.

The Fox Group, led by Harel Wiesel, reported record financial results for the second quarter of 2026, with revenue reaching 1.83 billion shekels and a dividend distribution of 150 million shekels announced.

TV personality Rotem Sela has introduced 'bettr', a line of liposomal supplements developed in partnership with Chemipal-Brands. With an investment of 8 million shekels, the brand promises up to five times greater absorption. Prices range from 129.90 to 199.90 shekels, positioning the products significantly above standard market alternatives.

The acquisition of the NOMO SOHO hotel in New York has boosted Dan Hotels' performance. Revenues from the hotel sector rose by 13% in the second quarter to 318 million shekels.

Rotem Sela is launching a new nutritional supplement brand, Better, following three years of development. The venture, established in partnership with Chemipal-Brands, will be available at Super-Pharm.

Terminal X reported its 12th consecutive quarter of double-digit growth, with net profit surging 90% to 13.7 million shekels. Total revenue for the second quarter of 2026 reached 161 million shekels, a 20.5% increase year-over-year.

Israir has completed all requirements and received flight permits to operate routes to North America, with ticket sales expected to open shortly.