Economy

The Target chain stopped selling the "Circus Clown" costume after social media users criticized it, claiming it resembles racist caricatures. Target stated: "We are deeply sorry. The costume is offensive and should not have been sold at all."

The gap between participating in the Europa League and the Champions League stands at about ten million euros, even before bonuses for results. Even in the secondary competition, tough rivals may await them.

The Fattal hotel chain notes in its financial reports that it expects to open 41 additional hotels by 2030, with an investment of approximately 1.1 billion shekels. The company estimates that the new hotels will add about 300 million shekels to the annual EBITDA.

Users of the Wolt app were unable to place new orders due to a global technical malfunction. After about an hour, the company announced that the issue had been resolved, though some delivery area restrictions remain.

First publication: Zion Baruch, Shalom Michaelshvili, and Asi Israelof are currently in Italy, where they will celebrate this evening ahead of the wedding of their good friend Omer Adam and his fiancée Sasha Israelovich. While they are overseas, their next business move in Israel has been revealed.

The company recorded an increase of about 17% in net profit in the second quarter, alongside significant growth in EBITDA and EBITDAR excluding exchange rate effects. However, revenues in shekels decreased due to currency effects and the security situation; the company expects revenues of 7.8–8.1 billion shekels in 2026.

Nigeria's NIGCOMSAT is set to purchase two communications satellites from IAI and Thales. The total value of the deals is estimated to reach approximately $2 billion.

A severe technical malfunction is paralyzing the popular delivery system in Israel and around the world. Couriers are furious over the sudden shutdown of the central algorithm, and restaurants are left helpless before silent screens.

The Ministry of Defense has demanded 30 million shekels in compensation from drone manufacturer Aerodrome for failing to meet tender conditions. The ministry has expressed willingness to negotiate to avoid a legal battle.

The Yuvalim Group has notified the stock exchange of a "demand letter" from Avishai Neria regarding alleged losses in joint ventures. Yuvalim dismissed the claims as baseless, attributing them to Neria's own financial difficulties.

Dalia Energy will exercise its option to increase its stake in the Ashdod data center project to 50% earlier than expected. The investment in the construction of the complex and the substation has jumped from $1.5 billion to $4.5 billion, to which up to $7 billion may be added for servers and processors. The project is planned to reach a capacity of up to 250 megawatts, and the companies are...

Budget sent a message to customers warning of service and supply issues with Chery vehicles imported by Frisbee. Following a Calcalist inquiry, the leasing company announced that joint efforts have led to significant improvements.

Smart Shooter's operating profit dropped by approximately 70% in the second quarter to $238,000. The company attributed the rise in expenses partly to the strengthening of the shekel.

In its first report since the IPO, Cando Drones shows a doubling of revenue and improved gross margins. While the auditor has removed the "going concern" note, the company continues to operate with a net loss and an accumulated deficit of 27.9 million shekels.

The drone company Aerodrome is down by 3% after announcing today (Tuesday) the resignation of CEO Ziv Ben Baruch. He will be replaced by Brigadier General Itzik Bilet, marking the third CEO change in the company within the last year.

Aerodrone is completing a strategic management overhaul by appointing a Brigadier General (res.) with extensive security industry experience to lead the company toward growth.

Lego reported a 21% revenue increase for the first half of the year, reaching 42 billion Danish krone. The growth is driven by strong sales of new sets, the launch of the Smart Play platform, and key sports partnerships.

Alice, formerly ActiveFence, has completed a funding round led by Apax Digital. Globes has learned that the round was conducted at a valuation of approximately $800 million. The company is approaching an annual recurring revenue (ARR) rate of $100 million, with a client list that includes Google, Anthropic, Nvidia, Meta, TikTok, and Amazon.

Infrastructure and energy company Inter Plus concludes a successful quarter with a surge in revenues and a transition to an operating profit of millions of shekels, alongside new, prestigious, high-volume contracts.

With a $719 million compensation hanging over the company, Judge Iris Lushi-Abudi granted Papaya Gaming's request to appoint a special manager, but ordered the debt settlement to be improved. The judge also sent a message to the plaintiff, Skillz, noting that it cannot categorically oppose any settlement, and announced that she expects to issue a 45-day stay of proceedings, subject to Skillz's...

Tens of thousands of migratory birds expected to arrive in the Hula Valley pose a real danger to winter crops. Now, the urgent solution being crafted in government ministries to prevent a heavy financial disaster for the region's farmers has been revealed.

Following the success of its first branch in Pardes Hanna, the "Rami Levy Stock" chain is expanding to the center of the country with a new 3,000-square-meter store. The company has officially confirmed the opening date.

Reports in the UK reveal that Leonid Radvinsky received a total of more than $2 billion from the platform, which reported revenue of $1.55 billion for the year, an increase of 10% compared to the previous year. The number of creators on the platform rose to 5 million, half of whom are active. The number of fan accounts rose to 437 million, and about 132 million of them are considered active.

Electra has divested its contracting operations in Nigeria for $15 million, marking the company's complete exit from Africa. The decision follows limited business scale and a challenging operating environment.

With a 163% jump in net profit from continuing operations and all-time record revenues, the Israeli software giant presents a phenomenal first half and distributes tens of millions of dollars to shareholders.

Insider movements are always interesting. It is customary to say that when insiders sell, there can be a variety of reasons for this, and it does not necessarily indicate that they think the stock is unattractive. Conversely, when insiders increase their holdings in their company, it can certainly be a sign that the stock is interesting.

In the second quarter reports of the Tidhar Group, the company recognized expenses totaling 75.2 million shekels, including grants and bonuses to employees, following the IPO it carried out earlier this year. CEO Uri Levin also addressed the stagnation in the real estate market and said: "The demand today is lower than it was in the past for a long time, longer than we were used to in the past."

Ahead of the busy Tishrei holiday shopping season: the textile and home design chain continues its expansion trend and is launching a new branch covering approximately 200 square meters in the new complex of the HaZahav Mall in Rishon LeZion. The chain will offer a new collection and unique launch promotions.

One of the oldest and largest content brands in Israel in the fields of architecture and design is moving into the hands of CEO and Editor-in-Chief Helena Mor. It has become known to ice: the acquisition amount is estimated at approximately 3 million shekels.

The infrastructure and industrial conglomerate controlled by Shlomi Fogel, Sami Katsav, and others concluded an exceptionally strong quarter - with an 84% jump in EBITDA, a 2.5 billion shekel order backlog at the shipyard, and a new silo facility that may directly affect food prices in Israel.

Keystone CEO Navot Bar stated that the Egged IPO is planned for 2027: "It is already in the works." The infrastructure company raised its 2030 equity target by 50% to 6 billion shekels.

A major fintech deal: Nayax is acquiring smart parking company IPS Group for $350 million in cash. The transaction, partially financed through a $150 million debt raise, will expand Nayax's potential market by $85 billion. CEO Yair Nechmad: "We will offer cities a unified platform."

The Keystone fund, which previously competed to acquire Shikun & Binui Energy, has reported strong financial results: a 71% jump in return on equity and an investment portfolio exceeding 4.7 billion shekels. What does this mean for investors and pension funds?

Following claims of a significant drop in apartment prices, Tidhar CEO Ori Levin analyzed the expected market recovery based on reports showing increased revenue and sales. It has been revealed that employees and former staff received tens of millions in bonuses.

After closing hundreds of branches and recording a consistent decline in sales, the fast-food chain Wendy’s is undergoing a major reorganization. Leading the move is a former senior executive at McDonald’s who must return the veteran brand to profitability.

The Competition Authority intends to declare Carmel Winery a monopoly in the grape juice and Kiddush wine market. The company has agreed to comply with major supplier regulations pending a Supreme Court ruling.

Amidst an investigation into allegations of violence, rapper Ofek Adanek has announced additional shows after his first concert sold out within hours.

To combat the high cost of flights, surprise strikes, and heavy congestion, the Ministry of Finance is promoting a plan to entrust the construction and operation of new aviation facilities in Israel to private franchisees.

Israel Shipyards reported a 21.6% increase in quarterly revenue to 428.5 million shekels. Net profit jumped 22-fold to 15.6 million shekels, driven by strong performance in the shipyard and port sectors.

The drone company controlled by Ronen Elad published weak semi-annual reports and announced its third CEO in a year. The stock has soared by hundreds of percent since the start of the year on the back of big names like Yossi Cohen, but the gap between ambitious forecasts and actual performance is only growing.