Economy

Oil prices dropped below $100 per barrel as surging Saudi supply and innovative shipping methods bypassed threats in the Strait of Hormuz, easing global inflation fears.

August 2026 mortgage volumes in Israel reached 10.9 billion shekels, pushing the yearly total to 79.6 billion shekels. Data reveals shifts toward the prime track and fixed unindexed rates.

Kylian Mbappe leaves Nike after 20 years to join Swiss sportswear brand On, receiving equity and helping launch a new football division alongside Thierry Henry.

New York Times stock experiences high options volatility amid a historic legal battle in Manhattan, as Wall Street investors brace for potential market-shaking outcomes.

Global stock markets rally as tech shares surge on Meta's AI success and chip demand. Oil prices drop, Hollywood merger advances, and Greenland mining stocks soar.

Oura aims to raise $2.2 billion in an IPO, targeting a market valuation of up to $14.1 billion. The smart ring maker filed with the SEC to offer 50 million shares.

The People's Bank of China left its benchmark lending rates unchanged for the 16th consecutive month, keeping the one-year LPR at 3% and the five-year mortgage benchmark at 3.5%.

Bitcoin climbed past $85,000 in a strong market rally, gaining 6.5% in 24 hours. Bitwise CIO Matt Hougan declared the crypto winter over as capital rotates back from AI stocks.

The $110 billion merger between Paramount Skydance and Warner Bros. Discovery advances after settling an antitrust lawsuit led by US state attorneys general.

Major Israeli retail chain Oser Ad has announced massive price cuts on holiday goods and home appliances ahead of Sukkot, offering steep discounts on Sukkah roofing, fans, and electronics.

Israel's National Insurance Institute announced an early disbursement of long-term benefits ahead of Sukkot, while average payments surged by up to 2.64% in 2026.

Robert Kiyosaki launches his new book in Israel, emphasizing financial education for children, smart money management for employees, and building the right wealth mindset.

Israeli delivery startup Haat is expanding from Arab localities to Tel Aviv to compete with Wolt. Valued at over 100 million dollars, Haat solves unmapped address and cash payment challenges using advanced technology.

Clalit Health Services is investing 400 million shekels to build a new logistics center in Beersheba, aiming to secure medical supplies for southern hospitals and clinics during emergencies.

The Druze locality of Beit Jan is classified as a confrontation line settlement, offering free land and heavily discounted development costs for wounded Tsahal veterans.

Assaf Rappaport breaks his silence on acquiring Reshet 13, discussing his vision for independent media, business strategies, management changes, and the network's future competition.

Investor Jason Calacanis called Bitcoin a "dead cat" despite its surge past $81,000, triggering fierce pushback from industry heavyweights Michael Saylor and Cathie Wood.

Israel's construction sector struggles with a 10% drop in productivity over thirty years, pushing developers toward industrialized building methods, 3D printing, and pre-fabricated modular kits to combat severe labor shortages.

European wholesale electricity prices have surged over 60% for January, driven by soaring natural gas costs, Middle East supply disruptions, and lingering fossil fuel dependencies.

Israeli taxi drivers face an existential crisis as illegal private transport and exclusion from public lanes drain their revenues, forcing many to sell medallions at a loss.

Machsanei HaShuk launched major holiday promotions featuring discounted festive foods, wines, folding tables, and barbecues valid through October 2, 2026.

Haifa Port President Captain Sumit Chauhan discusses Red Sea security challenges, the Adani Group's strategic vision for Israel, and the untapped economic potential of the IMEC trade corridor.

Bank Hapoalim will update its trading platforms following a class action settlement, introducing clearer real-time data markers and digital signup options.

Phoenix Insurance will pay 74 million shekels in a class-action settlement approved by the Tel Aviv District Court for unlawfully withholding statutory interest on delayed payouts.

The US crypto industry faced a major setback as the CLARITY Act failed in the Senate due to disputes over stablecoin rewards and banking opposition.

Turkish carrier Pegasus is acquiring Czech Airlines and controlling stakes in Smartwings in a 154 million euro deal approved conditionally by Czech regulators.

Electra and the Kozhinoff family filed mutual arbitration claims ranging from 270 million to 1 billion shekels over delays and disputes at the luxury Beresheet Tower in Tel Aviv.

Israeli bicycle and toy stores report a 10% surge in sales ahead of Yom Kippur, driven by heavy last-minute shopping and high demand for safety gear.

A severe global supertanker shortage is driving up oil transport costs and disrupting energy markets amid Middle East conflicts, yielding record profits for shipowners.

Former Beitar Jerusalem football captain Ofir Kriaf has invested an estimated two million shekels to open a kosher ice cream parlor near Teddy Stadium, marking a major career transition.

Volkswagen's aggressive restructuring plan threatens to cut 4,100 additional jobs at Porsche, potentially reducing the sports car maker's workforce by 25%.

Travel startup Weyeboo Business Travel has entered compulsory insolvency and faces total liquidation after generating zero revenue since its launch in 2022.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng meet in New York to negotiate trade, AI guidelines, and critical mineral supply chains ahead of a summit between President Donald Trump and President Xi Jinping.

Prof. Avi Simhon's proposal to cut mandatory pension savings for young workers has drawn sharp criticism from government economists, who warn of severe long-term risks.

Market experts analyze US Treasury yields surpassing 5%, examining shifting fiscal credibility, SpaceX's evolution into an infrastructure platform, and crypto regulations.

New York City Mayor Zohran Mamdani has proposed new transparency rules requiring real estate listings to clearly label digitally altered photos and AI-generated modifications.

An analysis of housing construction trends across Israeli cities reveals that Tel Aviv, Kiryat Gat, and Ashkelon lead in building volume, while supply and demand dictate local real estate prices.

Ramat Gan's Haruzim neighborhood sees record-breaking real estate deals, with new apartments reaching up to 65,000 NIS per square meter despite low rental yields.

Tzomet Sfarim CEO Avi Shomer reports 230 million NIS in annual sales but warns that severe labor shortages hinder further growth. The bookstore chain faces high rents, shifting reading trends, and declining cookbook sales.

Osher Ad offers the Weber Traveler Compact gas grill for 999 NIS, saving 1,291 NIS off the standard 2,290 NIS price ahead of the holiday season.