Economy

According to a report in the Wall Street Journal, Stripe and the investment fund Advent offered $60.50 per share for PayPal in July, based on a valuation of $53 billion, but were rejected. The parties are now discussing a higher price, and a deal could turn Stripe into one of the world's largest payment giants.

Ahead of the Tishrei holidays, the Ministry of Agriculture approved a quota of 400 tons of imported, discounted honey that will cost an average of 16.6 NIS per kg. On the other hand, a price check of well-known Israeli honey reveals gaps of up to 30% between retail chains. We are sorting out the prices.

The Oreo brand is launching 3 limited editions with flavors of banana pudding, deep-fried dough, and chicken and waffles, leaving the decision to consumers. Voting continues until October 12, and the winning flavor will return to shelves in 2027.

Leader Capital Markets estimates that inflation data and the strengthening of the shekel will allow for a significant policy move soon, despite a sharp drop in new apartment sales and an unusual decline in consumer confidence.

The Israeli economy emerged from "Lion's Roar," the second Iran war, faster and stronger than it emerged from the first. GDP rose in the second quarter of 2026 by 3.6% compared to the previous quarter, or 15.4% in annual terms.

The largest pharmacy chain in Israel has announced a series of promotions on a wide range of products. As part of the 'Beauty Days' campaign, dozens of items are offered with a 70% discount on the second unit.

July was a quiet month in the markets, with the Tel Aviv 35 index adding about 2% while US indices closed with slight declines. In the yield tables, this translated into tiny movements where fractions of a percent determined the leaders and laggards.

Four of Israel's five largest banks have filed an appeal with the Competition Tribunal, challenging the Competition Authority's decision to designate them as a concentration group. The banks argue that the regulator's intervention contradicts the Bank of Israel's position and could harm customers.

Following Ayalon Insurance's victory in the tender to operate the world's largest group long-term care policy, covering 2.7 million people, the company's management addressed the strategic importance of the deal.

Shares of Hachsharat HaYishuv Urban Renewal plummeted last week by 41% and jumped back by the same percentage. Now, the parent company is taking advantage of the sharp market volatility to increase its stake to 73.8%.

The Ministry of Agriculture has revoked the approval for Baladi's plant in Brazil, effectively halting chicken imports to Israel. The move deals a significant blow to the company, which invested 21 million shekels in the facility, and follows intense pressure from local poultry producers.

The recently published F13 forms for the second quarter of 2026 reveal the investment strategies of Wall Street's most influential figures. Key trends include massive bets on Alphabet and SpaceX, alongside a significant sell-off of chip manufacturer stocks.

Media personality and influencer Corrin Gideon revealed that she faced a payment refusal while shopping at a mall, coinciding with reports of a widespread national credit card processing malfunction.

The Israel Land Authority (ILA) reported that pollution tests in Sde Dov are progressing, but has yet to publish findings or mapping, leaving land distribution stuck. Rights holders warn that the lack of clear information harms real estate transactions and certainty surrounding the project. Simultaneously, apartment buyers are seeking to cancel option agreements and recover approximately 1.55...

As Globes has learned, the mall giant has purchased land zoned for residential and hotel use, and is working to rezone it for the construction of a 35,000 sqm mall. The company identified a shortage of a significant regional mall in Jerusalem that would compete with Azrieli's Malha Mall, which includes about 44,000 sqm.

After a 5-year absence, Office Depot returns to Eilat with a new branch on Sderot HaTmarim near the Seven Stars complex. The store integrates in-store shopping with fast online order collection, featuring special opening promotions on electronics and home appliances.

Mizrahi Tefahot will conclude the banking reporting season, followed by insurance companies and investment houses — the entities managing your savings and pensions. The hot stock market and interest rate cuts have boosted some stocks by tens of percent, though results across the sector remain mixed.

Many users are outraged by a method in the Pango app that leads to unintentional sign-ups for paid premium services. Learn how to check your personal account for active paid subscriptions.

The share of the prime rate track in mortgages has almost doubled within a year, while the public is moving away from CPI-linked tracks. The choice reflects an expectation for continued interest rate cuts in Israel, but the global picture has changed: long-term bond yields are climbing, markets in the USA and Europe are pricing in the possibility of rate hikes, and further cuts by the Bank of...

The struggle around the Strait of Hormuz continues and its end is not in sight. Defense stocks in Tel Aviv plummeted, while a reverse trend was recorded globally. The earnings season in the US is on its way to being the strongest in five years, and a wave of companies from various sectors will report this week in Tel Aviv. The Fed protocol will reveal how divided the central bank is regarding the...

A Chinese container ship has set sail for Europe via the North Pole. This move allows Beijing to bypass the Suez Canal and halve the journey time, following disruptions in the Bab-el-Mandeb Strait.

Numerous reports of difficulties with payments and completing transactions with various credit cards have raised suspicions of a nationwide credit card malfunction in Israel.

Vishal Garg became famous as a cruel CEO when he fired about 900 employees in a 4-minute Zoom call, but 5 years later the circle closed - he was fired himself from the company he founded and managed, and now the employees are celebrating: "There is no greater satisfaction than seeing a toxic manager swallowed by the corporate monster he fed himself."

Inrom Group has appointed former KPMG senior partner Yoav Lavi as CFO and industry veteran Ido Shefer as CEO of Itong. Group CEO Ehud Danoch stated that these appointments will strengthen the company's leadership and support its continued growth.

After 20 years of senior management experience at Phoenix, Cellcom, and Teva, Orly Pascal joins the global management team of the crop protection company Adama as VP of Human Resources.

Bitcoin is trading around $63,000 after losing ground in recent days. Ethereum and Ripple are also showing a downward trend, causing concern among investors as August continues.

Clalit Health Services announced that the insurance company Ayalon will manage its group long-term care insurance policy, covering approximately 2.7 million people. The agreement is for three years with options for extension.

The investment house controlled by Eran Pasternak and Shai Shoham will attempt to leverage a two-fold revenue growth over the past year to issue its shares. Last year, the firm benefited from high profitability in its trust-based hedge fund activities.

Big is launching a covered and air-conditioned padel complex with an investment of 3 million shekels, in response to the Gravity complex that Seven Stars opened last month. Ben Zini, his brother Omri, and Gilad Adin will operate the complex, which will also feature a pickleball court and a teqball table.

Adv. Benny Dreyfus informed the board of directors today that he is stepping down, having led the organization's emergency operations since the outbreak of the war.

CEO of Mifal HaPayis, Adv. Beni Dreyfuss, notified the board of directors of his decision to step down after 6.5 years in office. Mifal HaPayis Chairman Itzik Lary thanked Dreyfuss: 'He was a key partner in establishing the organization as a social pillar, a body that leaves a daily mark on activities for the benefit of all Israeli society.'

The affair involving Meli and Liel Yahalomi and the Bank of Jerusalem serves as a stark reminder of how quickly digital information can trigger financial risks. In an era of instant transactions, trust is a critical asset.

The wave of layoffs in high-tech creates uncertainty, but history shows that market shocks foster the growth of major companies. Experienced professionals are now leveraging AI to build leaner, more efficient startups.

The Jewish billionaire and one of the most influential investors on Wall Street has made the most extensive change to his investment portfolio in years: six new stocks, a complete exit from Google, and an increase in Microsoft. What is behind the new bet, and why specifically on the companies the market fears the most?

CBS data points to a rise in housing prices in Jerusalem. How is this happening during a general market slowdown? Experts explain: "The city has a unique real estate market that does not always follow national trends."

US President Donald Trump's executive order imposing tariffs on drones has caused Next Vision's stock to drop by 5.7%. However, experts question the severity of the impact, as the company is already planning to localize production in the US.

July was positive in the local market, but the strengthening of the shekel boosted foreign-oriented bodies and S&P 500 trackers. After difficult years, Altshuler Shaham and Yelin Lapidot had another good month, outperforming their competitors despite negative returns.

The number of job vacancies rose by 1.5% from 146.8 thousand in June to 148 thousand in July. This trend continues following Operation Lion's Roar, despite the fluctuations observed during the war.

A third of Israeli spending abroad is dedicated to shopping and retail. Japan leads in average expenditure per traveler, while Thailand remains the most popular destination and a leader in cash usage.

A new report by CofaceBDi reveals growth in industry revenues ahead of the school year. How much will the average basket cost, what share do discount stores hold, and how does the low dollar exchange rate affect things? | All the data