Economy

While in June savers fled from stocks in Israel in panic, July tells a different story: independent retail returned to buying, mainly in the local market, but with a hand on the trigger. At the same time, one figure illustrates how much money is still waiting on the sidelines. So is this the start of a return to the market, or only a cautious pause?

The company recorded a 15% growth in quarterly revenue to $366 million and a net profit of $45.3 million. CEO Gal Krubiner stated that the record quarter demonstrates the company's growth engine is operating at full power.

The Pozis family, controlling shareholders of Novolog, announced plans to replace the board of directors. This move triggered a power struggle and a 16.6% surge in the company's share price.

Visa has announced the layoff of approximately 2,600 employees, representing 7% of its global workforce, despite reporting robust financial results for the third quarter of fiscal year 2026.

The crypto market is experiencing a mixed trend, as Bitcoin rose by 0.40%, its market cap reached 1.30 trillion dollars and it is trading at 64,823.9 dollars. Alongside currencies that showed negative changes, Binance Coin recorded a jump of more than 3%.

Generation Capital has signed an agreement to acquire the energy arm of Shikun & Binui for 4.45 billion shekels. To secure regulatory approval, the parties have outlined a contingency plan involving asset swaps in power plants, including the Sharon region project, with the participation of Nofar Energy.

Negev Ceramics has returned to the Tel Aviv Stock Exchange through a bond issuance, raising 87 million shekels. This marks the company's first appearance on the public market in 14 years.

The yield on the 30-year US government bond has surged to 5.24% — a high since 2007, driven by oil price spikes, the massive US deficit, and a wave of AI-related bond issuances. Analysts warn: "CFOs will be forced to pay more, and M&A activity is at risk."

In honor of the summer vacation, McDonald's is launching weekly app-exclusive discounts on leading menu items, while the viral 'Grimace Shake' returns for a limited time, featuring a special pop-up event in Glilot.

Elite, part of the Strauss Group, announced the return of "Tov Ta'am" wafers in a limited edition. The product returns with the familiar packaging in a new design that includes 4 inner packs, while maintaining the original taste and featuring characteristics suitable for different audiences.

After 20 years of delays and freezes, the Tel Aviv Municipality met with landowners to advance the construction of the new 'Nofei Yam Tzafon' neighborhood. A representative for the landowners stated: "These are critical weeks for the landowners."

After announcing her departure from Channel 12 News: Maayan Parti has been appointed as the spokesperson for the Histadrut • She will begin her role on September 1st • Parti, who was the consumer affairs reporter for Channel 12, will step into the shoes of Yaniv Levi, who served as the head of the public relations department and requested to end his tenure.

The Committee for the Reduction of Concentration has voted against the Shapir Group's acquisition of the Ashdod Oil Refinery (Bazash), citing concerns over excessive economic concentration.

The construction company Avisror is seeking to go public at a valuation of 2.2 billion shekels, about 15% lower than it had aimed for. To attract investors, it is offering free options, as several companies have done before it. The prospectus reveals: profitability in Sde Dov is low, but controlling shareholders are selling apartments to family members.

The aviation loyalty program market is heating up: after the El Al frequent flyer program moved to Isracard, Israir is joining the Rami Levy and Isracard loyalty program to create a combined offering for Israeli consumers.

Electronic Arts (EA) laid off employees at four game studios as part of a "reorganization," while CEO Andrew Wilson's annual compensation package jumped by $8 million compared to the previous year.

Novolog shares are surging amid a struggle for control. The Movement group has offered a 100 million shekel investment for a 21.34% stake, prompting controlling shareholder Ehud Pozis to attempt to dissolve the board to block the deal.

Goldman Sachs will pay a former employee $1.963 million in compensation after an English court ruled he was unfairly dismissed. The ruling followed the employee's six-month parental leave.

After a year of slowing hiring, companies in technology, transportation, and defense industries now say they need additional workers to work alongside artificial intelligence.

The Histadrut has demanded that Arkia owners, the Nakash brothers, ensure that any sale of the airline includes a condition to continue flights on Shabbat. The union fears that a deal with Haredi investors could jeopardize the company's financial stability.

The McDonald's chain is bringing back the popular Grimace Shake in a limited edition. The launch begins with a special pop-up event at Big Fashion Glilot, followed by availability in 100 branches across the country.

Avner Stepak, one of the owners of the Meitav investment house: "The loans to large developers and contractors - many of them, unfortunately, will not survive this crisis."

The US Department of Defense has signed a massive contract with Lockheed Martin to purchase over 10,000 Patriot interceptors. The deal will increase production rates to 2,000 missiles per year and prioritize supplies for US forces and Gulf states.

Advocate Yair Treibish, who specializes in the realization of medical rights, shared on social media a new decision regarding a client, granting him a monthly allowance for an additional period.

Starting midnight Saturday, fuel prices will rise by 61 agorot per liter. The price of 95-octane gasoline at self-service stations will reach 8.09 shekels.

A prominent US company specializing in storm-resistant windows and doors has filed for bankruptcy protection. Despite rising costs and debts totaling tens of millions of dollars, the company clarifies: "Offices are not closing, operations will continue."

The circular economy is no longer just an environmental policy. It is an economic strategy, a model for value creation, and a test of governance in the 21st century.

The two major banks will provide a long-term loan for a new data center in Kiryat Aryeh. The project has already secured all necessary permits and is exempt from the recent freeze on infrastructure approvals.

Volatile trading in Asian tech stocks: Samsung reports record profits, Zhongji Innolight falls in its Hong Kong debut. Wall Street futures are slightly up following Microsoft and Meta reports. The Fed kept the interest rate at 3.75%, and the split among members is deepening.

The hourly labor rate in a garage ranges from 250 to 500 shekels before VAT. Checking the garage license, requesting a detailed price quote, and comparing parts by catalog number can significantly reduce your bill without compromising quality.

The local stock exchange will open against the backdrop of a sharp escalation in the conflict between the USA and Iran, and a negative arbitrage gap in chip stocks. US bond yields are jumping to new highs after the interest rate remained unchanged, and the hawkish message from Fed Chair Warsh: "We will not hesitate to act". Also: MFS's warning shakes AI and the quiet stocks that are now marked as...

The coveted product arrives at the chain at an unprecedented price. The promotion joins market-breaking promotions in the chain on basic food, beverage, and pharmacy products - all the details and prices.

The new guidelines define which digital currencies can be sold to the public and which assets will be completely disqualified. The local industry responds to the developments and explains what is missing in the published draft.

Tech giants reported, and both are increasing AI investments, but the market rewarded only Microsoft. Teva jumped 10.2% after strong reports. Still, dual-listed stocks are expected to fall today.

Ahead of August, the National Insurance Institute has released updated payment dates. Some allowances will be disbursed early due to the weekend, while the average payment amount has reached 5,280 shekels following indexation.

Lahav LR, controlled by businessman Avi Levy, has signed an agreement to acquire 8 commercial properties in Germany. The assets are fully leased to a leading retail chain, with the deal reflecting a yield of approximately 7.75%.

Dual-listed chip stocks return to the Tel Aviv Stock Exchange with strong negative arbitrage gaps. The market prepares for the opening following significant declines on Wall Street.

The Government Companies Authority aims to take the defense firm Tomer public within two to three years. However, capital market experts remain skeptical due to corporate governance challenges and the company's classified nature.

The dollar is stabilizing against the shekel following the Fed's decision to keep interest rates unchanged. Amid new US strikes in Iran, the dollar trades near 3.08 shekels, while the euro continues to climb, reaching 3.52 shekels.

After more than 130 years of operation, the German battery manufacturer Varta has initiated insolvency proceedings. The company attributes the crisis to a combination of declining demand, difficult market conditions, and the loss of a key client – Apple. Despite the proceedings, business operations continue, thousands of employees continue to receive their salaries, and the well-known household...