Economy

Ahead of election day, the Tax Authority has published clear guidelines regarding tax deduction rates for temporary election workers, clarifying procedures for both adults and minors.

Dual-listed stocks return with a negative gap, as chip stocks are expected to fall before the big event on Wednesday. The local reporting season is in the final stretch with Phoenix, Menora, Harel, and Partner. What is expected today?

The Bank of Israel is preparing for a fateful decision in the shadow of surprising data from the labor market and inflation, as senior economists now estimate the real chance of a revolution in the interest rate in the coming days.

The bank's chief strategist analyzes market turmoil and explains why rising energy prices and US policy decisions may prevent the Bank of Israel from cutting rates.

Due to the weekend, the National Insurance Institute is updating on the early payment of a series of benefits and grants for hundreds of thousands of eligible people in Israel. How much money will you receive in your bank account and when exactly?

The Magistrate's Court in Netanya ruled that fuel that did not meet standards at a Paz gas station in Bat Yam, managed by the Rametop company, caused the breakdown of a five-month-old hybrid Toyota. The company will compensate the car owner and the insurance company AIG.

The foreign exchange market remains calm ahead of the Bank of Israel's interest rate decision and the Jackson Hole symposium. The dollar is trading above 2.98 shekels, while the euro is slightly below 3.49 shekels.

A couple who bought an apartment on Dizengoff Street waited 4 years only to discover that the apartment's price had dropped significantly. On the other hand, those who held an apartment in Tel Aviv for a long period earned over 10% per year.

Investment losses in the technology company Hailo continue to weigh on Delek Automotive's financial reports. To avoid breaching bank covenants, the company transferred 15 million Veridis shares to its subsidiary, Delek Motors.

The shareholders' meeting of the real estate company Orion will convene today to vote on the board of directors. The Capital Market Authority has intervened, questioning whether the investment house Mor is exceeding its role by attempting to take control of the company's management.

Wix stock has more than doubled in value since its June low. Subsidiary Base44 and entrepreneur Maor Shlomo have become the main growth engine with an ARR of $200 million. Also: Is the AI comeback already fully priced in by Wall Street analysts?

Over the weekend, reports of irregularities emerged in two new companies on the Tel Aviv Stock Exchange: Best and Tomer Mazon. While in one case the funds taken by owners were returned, in the other, the CFO's resignation serves as a significant warning sign.

The medical aesthetics company that joined the stock exchange in the 2021 IPO wave has, unlike most, become a profitable and growing cash generator. With a patented technology, a recurring revenue model, and global deployment, it has broken the streak of disappointments that the sector has yielded. Will it also overcome increasing competition and regulatory changes? Company analysis.

The Ministry of Finance is promoting a series of tax measures in the automotive sector for the post-election period to address the state budget deficit. The regulations are expected to focus on alternative-propulsion vehicles, which are projected to significantly reduce state fuel tax revenues.

Discount Capital, the investment arm of Discount Bank, is acquiring a 16.5% stake in Alumenergy for 80 million shekels. The deal values the energy company at 406 million shekels.

The coffee chain Blank Street has raised $75 million and is accelerating its expansion. Following the success of its matcha drinks, the company wants to become a "daily luxury brand" and expand its menu to include ice cream and other products.

The sense of mission has been replaced by frustration: about half of teaching students do not intend to enter classrooms, and the number of graduates has reached a decade low. Data from the CBS and the Knesset reveal that one in five new teachers leaves within five years. Three teachers who decided to quit share their stories of shattered dreams: "The system does not allow for true education."

New data from the Jewish People Policy Institute reveals a surprising figure in Israeli society, as one group shows exceptionally high support for bypassing tax reporting and paying in cash without receipts.

Following a period of intensifying competition for the local shopping basket, the Netto Hisachon chain is returning to Ashdod with a new 2,200-square-meter branch. The opening is set for August 25, ahead of the Tishrei holidays, with the chain promising: "Soon you will pay less."

The slowdown in sales and rising construction costs are pressuring residential developers. Almogim has sold 54 units in its Rehovot project to the Magurit REIT fund, expecting a loss of 6–7 million shekels.

The fixed date for the payment of long-term benefits for August falls this year on a Friday, and following rumors about an early payment, the National Insurance Institute has clarified the schedule. Significant early payments are expected in September due to the Tishrei holidays.

For nearly two decades, developed nations have grown accustomed to markets ignoring rising sovereign debt. However, a recent sharp sell-off in long-term government bonds suggests this era of complacency may be ending.

A massive drama at one of the largest crypto exchanges after the founder was kidnapped and the CEO who replaced him also suddenly disappeared, leaving over a million clients helpless and without access to their money.

The fashion chain Urbanica is launching a massive end-of-season sale. Customers can enjoy discounts of up to 80% on a wide range of items for the entire family.

A small US stock surged by the highest rate in the market, but behind the jump hides a technical mechanism rather than a business breakthrough. At the same time, Moderna jumped about 177% after a historic success in a personalized cancer vaccine trial. What separates speculation from revolution?

The yield on 30-year US government bonds has reached a two-decade high. Treasury Secretary Scott Bessent has initiated a bond buyback program to stabilize the market, while investor Ray Dalio warns that structural reforms are essential to avoid a crisis.

If this week's Zoom meeting made you rethink your career choices, we have comforting news: you are doing just fine. Before you update your LinkedIn, check out the 5 most surprising professions in the country.

Those planning to work temporarily during the election period will benefit from a special tax arrangement: how much will be withheld, who is exempt, and why tax coordination is not required.

At the beginning of the month, it was reported that the Tax Authority is examining a change in the taxation model for options for high-tech employees, and the head of the Tax Authority expressed support for the initiative. However, it now turns out that senior officials in the Ministry of Finance are strongly opposed to the initiative: "The last thing we need right now is to burden high-tech...

The pharma stock that analysts bet against jumped by 177% in one day, causing billions in losses for short-sellers and forcing hedge funds to sell some of their best stocks. This happened following a successful cancer vaccine trial. But does it justify a $30 billion increase in value?

The conflict surrounding the "Ir Kinneret" mega-project in Tiberias is escalating. Landowners are threatening to sue Av-Gad directors personally, claiming they approved the project without financial backing.

Tiv Taam has signed a cooperation agreement with the startup GreenOnyx and will exclusively market its products - vegetables with high nutritional value that stay fresh for weeks. In honor of the 25th anniversary of 'Harry Potter and the Sorcerer's Stone', Dizengoff Center is hosting a special pop-up. And Arkia has for the first time in the company's history certified a female pilot as captain on...

After a loss of 60.5 million shekels in the first quarter, Dan Hotels ended the second quarter with a loss of only 2.3 million shekels. The chain's revenues jumped by 10.8% compared to the same period last year to approximately 418.9 million shekels, though high financing expenses continue to weigh on the bottom line.

While employers in Israel praise the productivity of the approximately quarter-million workers who replaced the Palestinians, severe rights violations and appalling living conditions are being exposed, threatening to lead to an unprecedented humanitarian crisis.

The Novolog healthcare group has announced the departure of CEO Aviad Busi and CFO Yaniv Vidavsky. Zeev Mansour, formerly CEO of Logisticare, will take over as the new CEO in December.

The Zoglovek Teva brand is expanding its plant-based series and launching two new products, including a special version of the popular corn schnitzel in the shape of three animals, alongside a crunchy snack for adults.

On Wednesday, the most important company in the world for AI trading will report, and the entire market is holding its breath. At the same time, Fed Chair Kevin Warsh will appear for the first time at Jackson Hole, and the central bank's preferred inflation index will be released. Everything you need to know before a fateful week on Wall Street.

The Pozis family is reshaping Novolog: following a board shake-up and the departure of key executives, Zeev Mansour has been appointed CEO. With extensive experience in logistics management, Mansour is tasked with improving the profitability of the company's core operations.

Yaffa Ben-David warned on 103fm radio that the education system is currently short of nearly 5,000 teaching staff, and argued that without addressing the root of the problem, the situation will worsen: "Salary is important, but it alone will not solve the shortage."

Bank Leumi has provided a $400 million credit line to AppsFlyer. This facility will allow the company to support ongoing operations without the need for further fundraising or equity dilution.