Economy

The shekel's exchange rate reflects Israel's national resilience, combining geopolitics, security, and technological power. However, rapid currency appreciation poses strategic risks to export profitability and the innovation base.

Scribe Therapeutics stock recorded a sharp jump of nearly 49% on its first day of trading following a successful IPO pricing. Global pharmaceutical giants Sanofi and Eli Lilly have allocated significant capital to invest in the company.

A little-known Chinese company has become a Wall Street sensation, surging hundreds of percent without material news. We analyze whether this is a genuine opportunity or a dangerous trap.

The National Insurance Institute (Bituach Leumi) has announced the distribution date for long-term allowances. On July 28, eligible recipients, including pensioners, individuals with disabilities, and those receiving long-term care benefits, will receive their payments.

Investors have increased bets that the Federal Reserve will raise interest rates by 0.25% at its upcoming meeting. The probability has risen to 38% amid surging oil prices due to the escalation of the Iranian war.

Robert Kiyosaki advises against holding cash savings and US bonds, explaining why he is moving his assets into Swiss vaults and decentralized digital currencies like Bitcoin.

The Tax Authority and the Ministry of Finance are preparing to expand the 'Israel Invoices' reform, planning to mandate allocation numbers for all transactions, regardless of amount, to combat fictitious invoicing.

Julius Baer estimates that the surge in oil prices is mainly due to geopolitical tensions, but believes it is a temporary move on the path to resuming negotiations, rather than a crisis that will spiral out of control.

The tariff received by solar roof owners is expected to decrease starting in 2027, though the exact figures remain undetermined. The current rate, ranging from 48 to 54 agorot per kWh, is considered high and is passed directly to electricity consumers.

A simple survey on choosing between a certain sum and a gamble for a large prize became a heated discussion online, but behind it hides one of the defining experiments of behavioral economics. Do most people prefer certainty over a higher expected value?

The US is intensifying pressure to reduce Chinese participation in major Israeli infrastructure projects, specifically the metro. News 12 has learned that the US economic attaché recently met with Accountant General Michal Abadi-Boiangiu to discuss the involvement of companies from nations deemed "not friendly to Israel." The Ministry of Finance rejects this pressure, encouraging American firms to...

The Israeli government has approved a ban on the import of goods produced by forced labor. This move is an attempt to prevent new US tariffs of 12.5% on Israeli exports.

The acquisition of LivePerson by SoundHound AI has received final regulatory approval in Bulgaria, clearing the path for the deal's closure. For long-term investors, the transaction marks the end of a painful chapter, resulting in a near-total loss of capital.

The major banks in Israel surprised the Ministry of Finance and announced an early severance of financial ties with the Authority. The reason: fear of lawsuits over terror financing and a lack of backing from the state.

In this week's Globes review, we analyze the performance of Israeli stocks on Wall Street. Check Point faces scrutiny ahead of its earnings report, Varonis awaits news regarding a potential sale, and Global-e shares rally following a target price upgrade.

Fears of a renewed security escalation with Iran sent the defense giant's stock to a sharp jump, propelling it to second place in market value—effectively the first in Israeli terms. Tower also surged, but the weekend in the USA shuffled the cards.

Private investors, once the most ardent supporters of 'Magnificent Seven' stocks, are shifting their focus toward smaller companies involved in AI infrastructure.

This is not the first time that Shikun & Binui and Generation have pushed back the deadline in a deal of more than 4 billion shekels that could change the balance of power in the Israeli energy market. In the background, the Keystone offer by Navot Bar continues to hover.

Macro data shows that the rise in energy costs has barely trickled down to other inflation components, while consumers in Israel are in a particularly strained economic situation that limits market demand.

The state has cancelled a 1.3 billion shekel grant for Intel following the freeze on the expansion of its Kiryat Gat plant. The Ministry of Finance decided not to wait for progress, though it kept a separate grant scheduled for 2026.

A combination of a fateful Fed interest rate decision, a surge in oil prices, and financial reports puts investors before a new dilemma, as the market is no longer satisfied with promises and demands results on the bottom line.

The total cost of the war represents about 12%–15% of Israel's GDP, an exceptional economic burden. In contrast, American aid, while strategically vital, amounts to less than one-tenth of one percent of the annual US GDP.

The construction of the plant expansion in Kiryat Gat has been halted for two years due to company distress, leading to the cancellation of projects in Germany and Poland. Consequently, the Ministry of Finance's Budget Department has decided to cancel a 1.3 billion shekel grant.

Tel Aviv closed the week in the green, led by defense stocks, while Wall Street ended in the red as the 'Magnificent Seven' faced a sell-off. This week, investors are focused on the Fed's interest rate decision and earnings reports from major global and Israeli companies.

WorldCom Finance has received a payment services license from the Israel Securities Authority and simultaneously announced the completion of its acquisition of WeCard's operations. According to the company, there are currently only about 30 companies in Israel holding this type of license.

The Association of Public Companies opposes the intention to list the two defense companies on the US stock exchange. CEO Ilan Plato: "The public must be a partner in the success."

Anthropic, Databricks, and other glittering private companies are planning to go public, fueling investor dreams of quick wealth. However, history warns that buying shares at an IPO often leads to disappointment rather than joy.

The Competition Authority is set to approve the sale of credit card company CAL to Union and Harel. The deal, valued at 3.7 billion shekels, will proceed with soft conditions and restrictions on data sharing.

The battle for the acquisition of Wolt Market has entered its decisive stage. Four groups have submitted offers to purchase the retail chain, with the highest bid reaching approximately 300 million shekels.

Tomorrow, Ayalon will launch its provident fund activity, returning to the long-term savings sector four years after exiting it. The move follows the sale of its stake in Meitav Provident and Pension.

Zvi Stepak, founder of the Meitav investment house, managing nearly half a trillion shekels, shares his market outlook. He advocates for caution, diversification, and the ability to admit mistakes in a volatile financial landscape.

Diamond exports since the beginning of the year have plummeted to $2.4 billion, only a third of the volume recorded a decade ago. Diamond Exchange President Nissim Zuaretz, who announced his resignation, highlighted the industry's taxation struggles compared to the competitive advantages offered by Belgium and Dubai.

The Kuwait Oil Company (KOC) has signed a $16 billion lease and leaseback deal for its crude oil pipeline network with a consortium including Blackstone, Brookfield, and KKR. This marks the largest foreign direct investment in the country's history.

The Chinese memory chip company CXMT is reaching the largest IPO in Asia this year, but in a parallel market, it is already trading at a value almost five times higher than the IPO price. What is behind the huge gap, and why does this story also affect Israeli pension savings?

After ranking first in the world for financial assets and 18th in average wealth, a UBS report reveals another parameter where Israel stands out. What is this interesting index, and why is a high number here not necessarily good news?

The updated ranking reveals the wealth of Eyal Ofer, Miriam Adelson, and Idan Ofer, who continue to lead the list of billionaires in Israel, alongside the growth of the Federmann family's capital.

Traders using automated systems are ready to pay for ultra-fast access to the president's posts. At least five companies have already signed up for the service.

Nofar Energy has confirmed advanced negotiations to acquire a 47.5% stake in the Reindeer power plant project. The deal to purchase shares from Phoenix and private investors is valued at 855 million shekels.

With a federal debt of nearly 40 trillion dollars and double that in household debt, America needs more and more buyers for its debts. However, approaches of an economic wall on one side and wild socialism on the other are creating deterrence. Can America restore trust in its political and economic system, and what lesson can it learn from Germany?

Following a federal court ruling that the deal must be re-examined, Paramount has been forced to halt the acquisition of Warner Bros. Discovery. The company is expected to pay a penalty of $7 million per day starting September 30 until a judge rules on the future of the merger. Based on past cases, such proceedings can take many months.