Rami Levy and the owner of Channel 14 are in conflict, and Patrick Drahi parts ways with Hot Mobile
Israeli high-tech records another exit and a successful startup is sold for a billion dollars, Tim Cook leaves a different Apple to John Ternus, and the Bank of Israel has decided the fate of your mortgages for the near future | News of the week on ice
A huge exit in Israeli high-tech: a successful startup has been sold for a billion dollars. A massive deal in the local cyber market as Sierra acquires the Israeli Oasis Security, which was founded by alumni of Unit 81 and develops a platform for securing non-human identities and AI agents in organizations.
Rami Levy and Michael Mirilashvili are in a dispute over millions: the company may be closed. Former employees have approached the court with a request to liquidate the agro-tech company Vertical Field, controlled by Michael Mirilashvili. At the same time, a legal battle is underway regarding a 1.5 million dollar loan, the debt for which has grown to about 7 million shekels.
History at Apple: what kind of company is Tim Cook leaving to John Ternus? Today, September 1st, Tim Cook ceased to be the CEO of Apple after 15 years. He is handing over to John Ternus a company ten times larger than the one he received — but also a pile of challenges that could determine the fate of the stock that many of us hold, even if indirectly.
The Bank of Israel has decided: the interest rate is falling for the third time in a row. The Monetary Committee headed by Governor Amir Yaron chose to continue with monetary easing against the backdrop of 1.5% inflation and a strong shekel — but in its announcement, the bank warned about energy prices, the swelling defense budget, and the pressures remaining in the labor market. What does this mean for your prime rate and mortgage?
A shake-up in Israeli media: Patrick Drahi parts ways with Hot Mobile at a huge discount. The transfer of control in the cellular company received dramatic regulatory approval. The deal was closed at a value significantly lower than previous estimates, as a leading Israeli purchasing group will take the reins.
Bank of America: "4 stocks worth checking for September". Bank of America published a list of stocks with a "buy" rating that it estimates are entering the month of September with a business tailwind — including a chip equipment manufacturer, a consumer goods company, and the stock that is the owner of the NBA champion. But the very stock presented as the star of the list also receives a warning. What is hidden behind the recommendations?
Elon Musk promises: SpaceX will reach 3.5 trillion dollars in revenue by 2033. The CEO of SpaceX cut seven years from Morgan Stanley's forecast and claims that the company will reach annual revenues of about 3.5 trillion dollars as early as 2033. However, the stock has lost about 40% from its peak, and even the most optimistic estimate on Wall Street is still far from Musk's target. What does this mean for those thinking of investing in the stock?
