Economy

The Phoenix investment house, through its KSM ETF brand, has launched a new fund tracking American software stocks. Despite the sector's decline due to AI-related fears, experts see this as a potential investment opportunity.

Israeli consumers face rising chicken prices as the Chief Rabbinate delays import approvals. Despite efforts by the meat company Baladi and Supreme Court intervention, the process remains stalled.

Doral's market value has increased sixfold since Yoni Hantzis took office as CEO. The company is now proposing to increase his annual compensation package by 78%, to 7.4 million shekels.

This month, Delek Group distributed to its shareholders, as a dividend in kind, the shares of its subsidiary (100%) Delek Yezum. The only asset of Delek Yezum is the right to receive overriding royalties from the revenues of NewMed Energy from the Leviathan reservoir.

The chip giant recorded price declines and lost its lead in the global market cap table to Apple, which reached an all-time high against the backdrop of a report on huge risks of hundreds of billions of dollars.

Former Attorney General Prof. Avichai Mandelblit has been appointed Dean of the Faculty of Law at the Ramat Gan Academic College. The faculty was recently launched following approval from the Council for Higher Education.

The former Attorney General, who previously served as Cabinet Secretary and Military Advocate General, is opening a new chapter in his career. In his new role, he will lead the Faculty of Law at the Ramat Gan Academic College.

Professor Avichai Mandelblit, former Attorney General and one of the most prominent figures in the Israeli legal system over the last decade, has been appointed Dean of the Faculty of Law at the Ramat Gan Academic College.

The Competition Authority has requested correspondence from bank chairmen regarding their intention to replace Association of Banks CEO Eitan Madmon, as reported by Globes last week.

An unprecedented wave of investors is flooding the local capital market, and executives of major companies are preparing for a special initiative to provide the public with direct access to the inner workings of future opportunities.

German luxury car manufacturer Porsche announced it will cut 5,000 jobs by 2035 as part of a new efficiency package. This represents approximately 12% of the company's total workforce.

Following advanced negotiations to lease approximately 4,500 square meters at the Wix campus in Glilot, the deal has been canceled. Fiverr, whose current lease in Tel Aviv is nearing expiration, had been seeking larger office space, but its future plans remain uncertain.

The stalled legislation regarding clearing payments between Israeli and Palestinian banks is not an economic issue, but a strategic security one. By blocking this decision, Finance Minister Bezalel Smotrich is shifting the risks of terror financing onto Israel's private banking sector.

Investor Michael Burry has announced on his Substack blog that he is increasing short positions against Nvidia and the SOXX ETF. Burry has repeatedly warned about inflated valuations in the semiconductor and AI sectors.

Avi Shushan's podcast episode with the Prime Minister recorded over 4 million social media impressions, providing massive exposure for the sponsor, the real estate company Donitz Elad. Studio owner Ido Minkovsky notes that while Shushan does not pay for the studio, the project generates significant indirect revenue for him.

The new digital wallet from Supergas includes discounts of up to 20% at fashion and food retail chains, and is intended for its gas and electricity customers • Also: Tiv Taam is parting ways with human cashiers in favor of smart cash registers and is launching the "Ta'amei HaMizrach" brand within its branches • Events and appointments

A Chinese company has begun mass production of essential chip-making technology. The fear: this is just the first step toward an independent chip supply chain. Nvidia's default insurance costs surged following reports that the company may take on massive financial obligations.

Prof. Amnon Shashua stated that Mobileye will focus on recruiting abroad, noting that having 90% of staff in Israel is a disadvantage. He did not rule out a non-Israeli CEO and hinted that no further layoffs are expected at this time.

The Tel Aviv Stock Exchange closed with declines in the TA-35 and TA-125 indices. Tower shares led the losses, while NICE, Amram, and Partner stocks posted gains.

The Union of Social Workers at the Histadrut has declared a labor dispute in local government, affecting approximately 7,400 employees. The union claims that the implementation of the Social Services for People with Disabilities Law has added significant burdens without sufficient additional staff, leading to burnout.

Out of six candidates, only the insurance company Ayalon submitted a bid to operate the long-term care insurance for Clalit Health Services. This is a surprising outcome for a tender covering approximately 2.7 million insured individuals.

A CBS survey indicates a sharp decline in the share of households planning to purchase an apartment – from 8% to 3.6%. According to the director of the housing indices department at the bureau, the data reflects a slowdown in the market.

The Israel Tax Authority is launching a major reform to grant non-profit organizations greater financial flexibility, stability, and modern management tools, acknowledging their central role in civil society.

The Knesset has approved an amendment to the Annual Leave Law, allowing employees to use a 'choice day' to attend a memorial service for a first-degree relative who passed away under civilian circumstances.

The cryptocurrency market shows a mostly positive trend on Monday. Bitcoin has crossed the $65,000 threshold with an impressive market cap, while Ethereum records a significant jump, though USDC stands out as the only coin to show a decline.

Israelis continue to feel the impact of the cost of living, which is reflected in their shopping habits. Data from StoreNext shows a decrease in the quantity of consumer goods purchased in the second quarter, as shoppers become more cautious with their expenses.

The weekly review by Psagot Investment House highlights the divergence between global central banks and the expected surge in Israel's defense spending, which poses risks for investors.

Yinon Magal shared a marketing video with his followers detailing changes he made to his mortgage: "They cut my mortgage almost in half."

A new collective agreement signed between the Histadrut and SAP management covers 800 employees, ensuring enhanced retirement conditions, remote work regulations, and a 4.5% increase in welfare budgets.

Passengers of the "Tnufa" company are expected to be affected today (Monday) by a five-hour warning strike, after hundreds of drivers and employees announced that they would halt the operation of the lines in protest against an ongoing crisis in the company.

Elbit's US subsidiary has signed a contract worth up to $300 million to supply helmet systems for US fighter jets. This deal joins a series of major contracts secured in recent weeks, strengthening the company's backlog and impacting the returns of Israeli savings funds.

Rapid price increases and high valuation multiples can signal market bubbles, though identifying them remains a challenge. In an era of technological uncertainty, the risk of such bubbles bursting persists. Globes' "Monitor" column explains the core concepts.

From the perspective of Israeli investors, the market is often limited to the USA and Israel. However, experts suggest considering MSCI global indices to diversify risks and access the 40% of the global economy that many retail investors ignore.

Huge investments of trillions of dollars in artificial intelligence infrastructure in the USA are expected to boost inflationary pressures in the coming years. While companies fight for a breakthrough, investors are already identifying the real opportunity in the market.

Tiv Taam is integrating the 'Mizrah u-Ma'arav' food brand into 10 of its stores. Simultaneously, the chain is opening a new branch in western Rishon LeZion with an investment of 6 million shekels.

Even the world's wealthiest are not immune to economic shifts. A new report by Julius Baer reveals the rising costs of a luxury lifestyle and how global elites are adapting their financial habits.

PEAX Group, controlled by the FIMI fund, has signed a defense order worth 115 million shekels—nearly half of its market value. However, this specific investment has been one of the few loss-making ones for the successful fund.

Working from home offers freedom from office politics and commuting, but requires discipline. To maintain productivity, it is essential to establish clear boundaries, use goal-setting tools, and adhere to cybersecurity practices.

A new acquisition in the public transportation sector unites two operators that have faced sharp criticism and heavy fines from the Ministry of Transport in recent years due to service quality. The details of the deal have not yet been revealed.

The infrastructure company Rimon is acquiring control of Inter Industries at a value of about 169 million shekels, a premium of about 17% over the market price. But the stock is jumping even more - what does this mean for investors and what is behind the move?