Economy

Following strong quarterly results, founder Jeff Bezos has filed a plan to sell 15 million shares of Amazon. Bezos remains the company's largest private shareholder with an 8% stake, as Amazon's market capitalization recently surpassed the $3 trillion threshold.

The exchange’s revenues rose 36% in the second quarter, with net profit jumping 81%. Increased capital market activity and higher clearing fees fueled the expansion, while the stock’s valuation has returned to a more moderate multiple.

The trading day on the Tel Aviv Stock Exchange closed with gains in the two flagship indices. Enlight Energy leads the list of top gainers, while Amram stock positioned itself at the top of today's losers.

The strengthening of the shekel against the dollar and euro has significantly boosted the gross profitability of food importer Wilifood. Despite these gains, the company has not lowered consumer prices.

The "Rami Levy Shivuk HaShikma" chain is launching a major campaign with significant discounts in its meat department, valid at all branches across the country for a limited time.

Monday's leadership initiated a wave of layoffs affecting 620 employees while simultaneously asking shareholders to approve a plan to double their own compensation packages to $14 million by 2029.

Ten property owners in Hod HaSharon face a 2,583,840 shekel betterment levy demand after an initial assessment was found to be erroneous.

Forget the exhausting queues in the August heat: for the first time in Israel, Wolt is delivering packs of school shirts with logos directly to your door with no delivery fees.

Sunflower is acquiring three solar projects in Spain with a capacity of 137 MW. The deal will add 19% to its annual revenue and 17% to its annual EBITDA in the first stage.

Holiday pay is a right often overlooked by hourly and daily workers. We explain who is eligible, the seniority and attendance requirements, and how to verify your pay slip to ensure you receive what you are owed.

'Feed HaKesef' is a podcast produced by the ice website in collaboration with IBI. Hosted by Oren Barsky, it features heads of major financial communities and leading Israeli influencers discussing investments, trading, and the latest economic news.

The well-known discount chain, which has resumed operations in Israel, is reaching the Sharon area with a modernized branch offering deep discounts on dozens of popular products.

Michael Burry built a large bearish position against an AI leader, but Palantir continues to deliver strong results, defying the pessimists. How much did this bet cost him, and what is Alex Karp's take?

The "Elite Instant Coffee" factory in Safed, a local landmark and source of livelihood for many families, has been demolished 70 years after its founding to make way for a new residential project.

Globes presents an index examining the volume of credit card purchases in Israel. Phoenix Gamma data points to increases in most consumer sectors thanks to the holiday of love, except for the food sector.

Renewable energy firm Nofar, led by Ofer Yanai, is in a dispute with the Securities Authority over the interpretation of its financial liabilities. This conflict could allow bondholders to demand immediate repayment of 2.2 billion shekels in debt.

A new policy from the Tax Authority and the Ministry of Finance regulates the taxation of marketing assets, introducing a significant relief that protects companies' tax benefits if income from such assets does not exceed 10% of total technological income.

The digital asset market is showing positive momentum, with all leading cryptocurrencies recording significant gains over the past 24 hours. Bitcoin rose by 1.58%, while Ethereum climbed by 1.16%.

"The Local Committee" is a podcast from the ice website, hosting leading industry figures for discussions on current hot topics, developments, and innovations.

This evening, one of the largest lottery draws in history will take place, with a first prize that could reach 80 million shekels.

The lingerie group Femina is expanding and launching a new lifestyle and homewear chain with an investment of approximately 3 million shekels.

A new four-year collective agreement has been signed for approximately 300 employees at the Strauss dairy plant in the Bar-Lev industrial park. The deal includes a 4% annual salary increase, a 1,000 NIS signing bonus, subsidized couple vacations, and individual pay adjustments.

Chip manufacturer Tower Semiconductor finished the second quarter with a 24% revenue growth to $460 million. The company expects growth to accelerate to 31% in the current quarter.

AM:PM CEO Shirel Hogeg is stepping down from his role at the Dor Alon company. A prominent activist since the October 7 massacre, Hogeg has been a vocal critic of the government and a co-founder of the "Kumu" movement.

To mark 20 years of operation, the Mexicana group is expanding its presence in Israel and opening branches in Rishon LeZion, Kfar Saba, and Netanya. The move includes a kosher branch at the Azrieli Rishonim mall, a designed food truck, and a flight promotion to Mexico.

Shares of the Imax cinema chain climbed this week to an all-time high following the success of the film «Odyssey» directed by Christopher Nolan. CEO Rich Gelfond reported that «Odyssey» revenue is double that of Nolan’s 2023 film «Oppenheimer», with shares rising 6% on Monday after three consecutive weekends of ticket sales exceeding $50 million.

After June's drop, almost all sectors on the stock exchange recovered strongly in July. But food chains were left behind: even the winners rose only a few percent, and many remained in the red. How did the defensive advantage that protected them turn into a disadvantage?

The average high-tech salary reached 35,760 shekels per month in May 2026, a 13.7% increase from May of last year. However, the number of positions remained virtually unchanged, signaling a shift in industry dynamics.

The iDigital chain is launching a special consumer campaign, granting a package of accessories and an extended warranty worth up to 999 shekels at no extra charge for those purchasing at the chain's branches and on the website.

Uniroyal Holding has filed for bankruptcy in the US to settle massive claims and close operations after 134 years. The company cited an unmanageable volume of legal proceedings.

New data from PassportCard shows a 100% increase in VAT refund registrations. Despite this, Israeli travelers continue to leave over one billion shekels in unclaimed VAT refunds abroad annually.

Following a weak first quarter, Delta Brands, led by Anat Bogner, reported a strong second quarter with an 18% revenue increase to 310 million shekels and a 27% jump in net profit.

US President Donald Trump has criticized Exxon Mobil and Chevron for reporting massive profits amid the oil price surge caused by the war with Iran, demanding they lower prices for consumers.

Former Mossad chief Dadi Barnea has been appointed chairman of the American company ONDS. Experts estimate his compensation package to be worth at least $4 million.

Walla dismissed an editor evacuated from Miflasim after setting "unrealistic" performance targets. Despite a 150% increase in traffic, she was fired. The court ordered the news site to pay 53,000 shekels in compensation.

Wix shares are trading 83% below their 2021 peak, with the market fundamentally questioning the company's valuation. Despite positive second-quarter 2026 results, the platform's organic growth remains a concern.

Israeli businessman Naor Baruch, known as the "Crypto King," shared an emotional series of videos about an extraordinary meeting in Ibiza that fulfilled an old childhood dream for him.

The Hazi Hinam chain is celebrating the peak of summer with a massive alcohol festival. Customers can expect special prices on dozens of brands, tasting stations, and a tavern-like atmosphere with live music.

Mid-week is when many families restock on dairy, produce, and pantry staples. We used the Pricez website to compare prices across leading retail chains to determine where these additional purchases are most cost-effective.

A new study by Payoneer Workforce Management reveals that Tel Aviv is among the most expensive global cities for hiring, while offering employees one of the lowest net salaries.