Economy

Boeing has updated its forecasts, revealing that its loss on the US President's next aircraft project will exceed the $3 billion mark. What went wrong, and why, like Knaf Zion, have heads-of-state aircraft become a political and economic problem?

The Tel Aviv Stock Exchange closed Wednesday's session with losses across major indices. While the market trend was negative, Teva shares saw a significant rally, whereas Opko Health and Yohananof recorded notable declines.

The Ministry of Finance is exploring a reduction in mandatory pension contributions to increase net salaries and cover the war-induced budget deficit. Experts warn this could jeopardize the financial security of future retirees.

A fire at the Angel Bakeries plant in Kfar HaHoresh has caused damage estimated in the tens of millions of shekels. The insurance company has rejected the claim, offering only partial compensation, leading to a legal dispute.

Nofar Energy has signed a comprehensive credit agreement for debt refinancing and the improvement of solar projects, featuring favorable financial terms and a repayment schedule extending to 2053.

The owners of the Omnis Pleasants company have filed for Chapter 11 bankruptcy protection in a Delaware court following a severe financial collapse, with debts exceeding $70 million.

The veteran battery company Varta has filed for bankruptcy, partly due to the cancellation of a major contract with Apple. Conversely, Chinese chip manufacturer CXMT surged 500% on its first day of trading on the Shanghai Stock Exchange. The story of these two firms highlights the contrast between Germany's declining economy and China's rapid growth.

The business of sports giant Nike in China is in a deep crisis. Although the sportswear market in the country has grown by 51% over the last five years, the company's sales in the region have fallen for eight consecutive quarters. Since 2021, Nike's business in China has shrunk by 30%, and its annual revenue has reached an eight-year low.

A Bank of Israel study reveals that overly lenient bankruptcy laws lead to credit contraction and higher interest rates. Banks react more severely and for a longer period than the temporary spike in insolvency filings.

The rally in the local stock market pushed assets under management in the investment portfolio sector to 493 billion shekels in 2025, an increase of 18.5% compared to 2024. This emerges from a review by the Israel Securities Authority.

Teva reported $4.1 billion in revenue, exceeding analyst forecasts. Net profit was 2 cents per share versus the expected 11 cents, due to Emalex acquisition costs. The company raised its annual revenue guidance, and shares are up over 4% in Tel Aviv.

The digital insurance company exceeded top-line expectations, while net loss remained steady year-over-year. Lemonade reaffirmed its path to positive adjusted EBITDA by Q4 and announced a CFO transition. Shares are down over 10% in pre-market trading.

Nofar Energy is acquiring a stake in the yet-to-be-built power plant from Phoenix and private owners. The deal includes an option to purchase the entire station should regulators require it.

Cognyte, an AI and big data security firm, has signed a $15 million contract expansion with an Asian military intelligence agency. The deal focuses on enhancing border security and integrating real-time command and control systems.

Minister of Justice Yariv Levin has extended a temporary order protecting reservists and their spouses from debt enforcement proceedings. The relief period is now effective until February 28, 2027.

The Sderot-based company recorded record revenues of $33.8 million and 50% organic growth, but the bottom line flipped to a $1.1 million loss. What is really behind the red figure?

Partner will provide the communications infrastructure for the Gush Dan congestion pricing project. The company expects to generate up to 100 million shekels in revenue over the two-decade operational period.

State-owned defense company Tomer is preparing to list on the stock exchange within two years. The company is currently working on issuing bonds and transitioning into a reporting entity.

The Israeli Ministry of Economy has terminated its anti-dumping investigation into medical cannabis imports from Canada. The decision follows a procedural failure to notify Canadian authorities, as required by international trade regulations.

SpaceX stock has lost half its value since its peak, despite an impressive technological success in space. Two dates in early August could add pressure, and the lesson behind the story also concerns savers in Israel.

The Wall Street chip index has shed a quarter of its value in a month and a half. Concerns about Chinese technology, rising AI costs, and cash flow issues are mounting. However, investment managers remain optimistic, calling it a "natural correction" and emphasizing that the AI revolution is just beginning.

After beating the Keystone offer, Generation will acquire the energy activity of Shikun & Binui in a deal of up to 4.5 billion shekels, a deal that will significantly strengthen its position in the electricity market.

Many investors expect corporate bonds to yield a significant excess return over government bonds. However, is the current risk premium justified given the global rise in yields to maturity and persistent economic threats?

A stormy discussion in the Knesset Finance Committee revealed the scale of temporary management expenses, while refunds to members remain stagnant. MKs refused to approve an additional 13 million shekels in state funding, demanding greater transparency.

Following record-low figures in the industry, the resigning president of the Diamond Exchange, Nissim Zuaretz, blames the Prime Minister for an economic failure and warns that without change, companies may leave Israel.

The Israel Securities Authority claims that Nofar Energy breached financial covenants for two quarters. Due to a massive gap in debt calculation, the businessman is forced to take an unusual step.

Investors are fleeing chip stocks: the collapse of SK Hynix and Samsung deepens the meltdown in Korea, as markets await the Fed's decision and the reports of Microsoft and Meta.

Following yesterday's declines on the Tel Aviv Stock Exchange, the local oil and gas sector is set to react to sharp rises in oil prices. This comes amid the renewal of mutual attacks in Iran.

Economists at Discount Bank point to rising consumer prices and fuel costs driven by geopolitical tensions and a weaker shekel. These developments effectively rule out any near-term interest rate cuts in Israel.

A new economic review indicates that rising global fuel and energy prices make an interest rate cut in September unlikely, while also raising the consumer price index forecast for the coming months.

UBS bank publishes a forecast ahead of the Federal Reserve's interest rate decision and reports from technology giants, as massive investments in artificial intelligence raise serious concerns among investors.

The dollar rose 0.3% to 3.06 shekels in local trading as markets await the Fed's interest rate decision. Analysts are debating whether the central bank will maintain current rates or surprise with a hike.

Following the renewal of attacks in Iran, Brent crude rose 4% to $87.5 per barrel, and WTI to $82.5. The KOSPI index fell 7% following disappointing reports from SK Hynix.

The American investment fund Affinity Partners, led by Jared Kushner, has sold 2.5% of its holdings in Phoenix Finance for 1.05 billion shekels. The American firm Fidelity acquired the largest portion of the sold shares.

A Calcalist review reveals that only a few flexible funds consistently outperform the TA-125 index. As more Israelis direct savings to the capital market, selecting a skilled manager has become a critical decision.

The Netherlands has enacted a law banning trade in goods from settlements and the Golan Heights. Experts warn this move could set a precedent and deter Dutch companies from engaging with Israeli businesses.

Even before its inclusion in the indices next week, the cybersecurity giant's stock has generated significant interest in Tel Aviv: average daily volume reached 8.5 million shekels, the share price has doubled since listing, and the company's value accounts for 30% of the entire stock market. The Exchange: "Inclusion in the indices will move it into a different league in terms of demand and...

Concerns over massive investments in the AI field and the strengthening of competitors from China are exacerbating the falls on Wall Street. Conversely, finance and healthcare companies are showing new highs thanks to solid financial results.

Until a month ago, SanDisk investors were seeing annual returns of around 4,000%, but the stock has since halved from its peak. We examine the pressures facing the company and whether this correction presents a buying opportunity.

The American biopharma company Opko Health stunned investors on the Tel Aviv Stock Exchange with stronger-than-expected quarterly results, a dramatic reduction in net loss, and an upward revision of its annual revenue forecast beyond market analyst estimates.