Economy

A month after it was signed, the deal to sell control of G City to Ari Nadlan and Ispro has fallen through. Chaim Katzman cited concerns over the new partners' financial profile and deviations from the original agreement.

Wix reported a net loss of $76.4 million for the second quarter of 2026, driven by high operational and marketing costs associated with the integration of the Base44 startup.

The trading day on Wall Street is expected to open with a positive trend following yesterday's gains in tech giants. Asian markets are seeing declines, while investors await reports from AMD and SpaceX.

TurboGen, a prominent 'dream stock' on the exchange, has been fined 550,000 shekels by the Israel Securities Authority for misleading investors regarding its order backlog.

Following a difficult month for the sector, the largest chip company on the stock exchange will publish its earnings report today. Tel Aviv fell yesterday despite records on Wall Street, while de-escalation with Iran provides support. What investors need to know.

Foreign exchange markets remain calm, with the dollar trading above 3.04 shekels and the euro above 3.50 shekels. Alex Zabezhinsky, chief economist at Meitav, argues that market forecasts for a Fed rate hike are exaggerated.

Asian indices are trading lower: the Nikkei is down 0.7%, while the Hang Seng and KOSPI have fallen by 0.5%. Following yesterday's sharp decline, oil prices are showing a partial recovery, with Brent crude rising 1.3% to $84.9 per barrel.

The Finance Ministry has released a concerning forecast indicating that by 2029, the National Insurance Institute will be unable to meet its financial obligations. The ministry attributes this to an expansion of benefit eligibility and extensive discounts for non-working population groups. Proposed measures include tightening eligibility criteria and increasing contribution fees specifically for...

While the Bank of Israel interest rate is falling, mortgage rates are not adjusting accordingly. Banks are increasing interest margins, offsetting a significant portion of the economic rate cuts.

Eitan Etzioni, founder of the Etzioni investment house, shares his value investing philosophy. He focuses on stable companies with low P/E ratios, avoiding macroeconomic predictions.

Investment house Mor and the HaBaita Living group have formed a coalition holding 25.1% of Orion's shares to challenge Chaim Katzman's influence. They are demanding the appointment of their own candidates to the board.

The tech giant reporting season is causing a stir in the markets, as Deutsche Bank executives highlight the rigorous scrutiny of company profits and concerns over massive capital expenditures.

Economists at Psagot Investment House analyzed the impact of the US-Iran escalation on the shekel and energy prices. Experts project two interest rate cuts by the Bank of Israel over the next 12 months.

The research unit of the Tel Aviv Stock Exchange summarizes July, which closed with gains led by the banking sector, while market capitalization reached a record high of over 3 trillion shekels.

Apple continues to trade under pressure, losing its second-place global market cap ranking to Alphabet, while Amazon celebrates an unprecedented historical milestone on Wall Street.

July continued the trend of recent months in the mutual fund industry. The industry raised a total of about 3.3 billion shekels, with the volume of managed assets rising from 826.6 billion shekels to about 831.7 billion.

Plastics company Plas Fit has acquired the assets of lighting manufacturer Gaash LED for 8 million shekels. The court-approved deal aims to preserve operations following Gaash LED's 22 million shekel debt crisis.

OPEC has announced an increase in oil production quotas starting in September, though most member states currently struggle to meet existing targets. Oil prices have declined due to expectations of easing tensions with Iran and the potential reopening of the Strait of Hormuz. Meanwhile, the USA has set an all-time record for oil exports, while China is mitigating the global supply decline by...

Mizrahi Tefahot Bank is investing 99 million shekels to acquire a 15% stake in Mafat. The deal values the waste management company at 659 million shekels post-money.

The private equity firm KKR has completed a record-breaking $19.2 billion fundraising for a new infrastructure fund. The capital will be deployed into assets primarily across North America and Western Europe.

The Tel Aviv Stock Exchange closed today with declines in its two flagship indices. Wisur Globaltech led the gainers with a 5.59% rise, while Priortech stock recorded a 6.97% decline.

July was green in almost every sector, but defense stocks were left behind. The relative calm in the security arena prevented them from participating in the market rally, and the 'return to the mean' rule barely worked here. Why didn't Next Vision recover, and what distinguishes Elbit Systems from the rest?

The National Oil Corporation of Libya (NOC) announced that the country produced 41.71 million barrels of crude oil in July 2026. With an average price of $85.4 per barrel, oil revenues transferred to the state account exceeded $2.26 billion.

Amazon has crossed a market capitalization of $3 trillion for the first time, becoming only the fifth company in history to reach this milestone. Shares of the e-commerce and cloud computing giant are rising following strong second-quarter results.

Amazon has reached a market capitalization of $3 trillion for the first time in its history. This milestone follows strong financial results for the second quarter of 2026 and significant growth in the artificial intelligence sector.

Washington and Tokyo carried out their first joint intervention in the foreign exchange market in years. The move involved selling euros and buying yen, an unusual step intended to support the Japanese currency without weakening the dollar.

Beijing is changing the rules for China’s wealthy to increase control over how they invest outside the country and to strengthen tax oversight of overseas earnings.

The combination of the war against Iran and stubborn inflation is driving a dramatic policy shift in Europe, the United States, and Japan. Julius Baer provides a special analysis on the expected impact on equity and FX markets.

After the collapse of oil prices brought down the sector in June, July provided an almost perfect mirror image. This time, it was the renewal of tensions around the Strait of Hormuz that pushed oil prices back up, and with them the stocks. The company that fell the hardest last month led the surge.

The imposition of a 12.5% tariff on Israeli goods in the US threatens company competitiveness. Minimizing the damage requires both immediate business adjustments and active government support.

A letter from the Tax Authority often causes concern, but it does not always indicate a violation. It is essential to remain calm, carefully review the content, check deadlines, and avoid ignoring the request to prevent potential fines.

Amendment No. 6 to the Credit Data Law shortens the registration period for negative credit data from three years to one. This change is expected to increase information asymmetry and raise risk premiums for all borrowers.

A surge in the specialty ingredients sector drove a 16% revenue increase for Frudelim in Q2 2026. However, stagnation in the core juice solutions business and costs associated with becoming a public company led to a decline in net profit.

Asset management giant BlackRock has purchased Nova shares totaling more than 800 million shekels since the beginning of the year. Following the latest acquisition, its stake in the company has risen to 6.8%.

Following the collapse of Leopold Aschenbrenner's Situational Awareness hedge fund, Wall Street is debating Citadel's potential role. Critics suspect that the firm's aggressive macro forecast triggered a panic that allowed it to acquire the fund's assets at a bargain.

While investors have fled the company's stock since the IPO earlier this year, one growth engine within the company surged by 131% in the quarter. Now the question is whether the market missed an opportunity.

Navitas Petroleum is expanding its operations in the Gulf of Mexico, acquiring a 33.33% stake in the Tiberius and Logan oil and gas fields from Kosmos and Occidental. The deal focuses on financing future development projects.

A Bank of Israel report shows that in the second quarter of 2026, the shekel defied global trends by strengthening against the dollar, even as the US currency gained ground elsewhere. This shift was primarily driven by massive foreign currency sales from institutional investors managing public savings.

Israeli banks are refusing to cooperate with their Palestinian counterparts. We explain what correspondent banking is and why this financial system is currently under threat.

The Ministry of Transport extended the Chery import license until 2030 despite competition concerns, while adopting a cautious approach toward other major importers like Colmobil and Union.