Calcalist

OpenAI CEO Sam Altman has admitted that he overestimated the pace of AI integration into the economy. He noted that society and businesses are adapting to new technologies more slowly than anticipated.

The acquisition of the NOMO SOHO hotel in New York has boosted Dan Hotels' performance. Revenues from the hotel sector rose by 13% in the second quarter to 318 million shekels.

Terminal X reported its 12th consecutive quarter of double-digit growth, with net profit surging 90% to 13.7 million shekels. Total revenue for the second quarter of 2026 reached 161 million shekels, a 20.5% increase year-over-year.

The dollar exchange rate in Iran has neared the two million rials mark, signaling a severe devaluation of the national currency. This trend is destabilizing the economy, forcing businesses and households to adapt to rising costs.

Last week, Israel implemented significant changes to the traffic point system. The reform increases penalties for dangerous driving behaviors while reducing points for certain administrative offenses to ensure proportionality.

Ido Ron of KPMG Israel emphasizes that in the AI era, managers must become "agents of change." Successful transformation requires not just technology adoption, but a deep understanding of the human factor and strategic prioritization.

Twistlock founders Ben Bernstein, Dima Stopel, and John Morello are shutting down their venture, Minimus. The entrepreneurs have decided to return remaining funds to investors after failing to gain market traction.

Fast fashion retailer Shein aims to raise up to $1.8 billion in its Hong Kong IPO. The company's valuation is set at $26–27 billion, nearly 75% lower than its 2022 peak.

The foreign exchange market remains calm ahead of the Bank of Israel's interest rate decision and the Jackson Hole symposium. The dollar is trading above 2.98 shekels, while the euro is slightly below 3.49 shekels.

Investment losses in the technology company Hailo continue to weigh on Delek Automotive's financial reports. To avoid breaching bank covenants, the company transferred 15 million Veridis shares to its subsidiary, Delek Motors.

The shareholders' meeting of the real estate company Orion will convene today to vote on the board of directors. The Capital Market Authority has intervened, questioning whether the investment house Mor is exceeding its role by attempting to take control of the company's management.

Following the arson of eight luxury cars in Rishon LeZion, Migdal Insurance refused to pay compensation, citing a "human error" in the policy wording.

Discount Capital, the investment arm of Discount Bank, is acquiring a 16.5% stake in Alumenergy for 80 million shekels. The deal values the energy company at 406 million shekels.

The slowdown in sales and rising construction costs are pressuring residential developers. Almogim has sold 54 units in its Rehovot project to the Magurit REIT fund, expecting a loss of 6–7 million shekels.

For nearly two decades, developed nations have grown accustomed to markets ignoring rising sovereign debt. However, a recent sharp sell-off in long-term government bonds suggests this era of complacency may be ending.

Wi-Charge, a startup specializing in over-the-air power transmission via infrared rays, is ceasing operations after 14 years. Co-founder Ori Mor announced the closure on LinkedIn.

The conflict surrounding the "Ir Kinneret" mega-project in Tiberias is escalating. Landowners are threatening to sue Av-Gad directors personally, claiming they approved the project without financial backing.

The Novolog healthcare group has announced the departure of CEO Aviad Busi and CFO Yaniv Vidavsky. Zeev Mansour, formerly CEO of Logisticare, will take over as the new CEO in December.

Bank Leumi has provided a $400 million credit line to AppsFlyer. This facility will allow the company to support ongoing operations without the need for further fundraising or equity dilution.

PayBox is lowering barriers for group payments, allowing users to transfer up to 10,000 shekels per month from any card. The platform has also introduced the ability to transfer group administration to other users.

AliExpress uses the WebAudio API to generate digital fingerprints for user tracking. The technique was discovered after a security researcher noticed glitches in his Bluetooth headphones.

Amid concerns over the use of bots and fake news in the upcoming Knesset elections, the Israel Police has urged tech companies to strengthen oversight of automated systems to protect the democratic process.

Two older siblings of the Silynxcom founding family have filed a 17 million shekel lawsuit against their sister and her husband, CEO Nir Klein. The plaintiffs allege that the defendants acted to illegally dilute their inheritance shares.

The Tel Aviv District Court issued a temporary injunction against an electrical appliance importer that imported Tineco brand wet-dry vacuum cleaners behind the back of the exclusive importer.

Dutch car manufacturer Spyker has unveiled the C8 Preliator XXV, a limited-edition supercar with only 25 units to be produced. The company is now under the control of Ukrainian businessman Vladimir Nosov.

The Chinese automotive market highlights that post-sale service quality is becoming a key driver of brand loyalty. As the Israeli market undergoes 'Sinization,' it faces similar challenges where poor service standards are beginning to impact brand reputation and long-term vehicle value.

Israel Railways has turned to the Supreme Court with a demand to complete without delay the appointment of missing directors to the company's board. The company states that the current management vacuum prevents the formation of statutory committees.

The Oranim Group, one of Israel's oldest construction firms, is looking to raise 600 million shekels on the Tel Aviv Stock Exchange. The funds are intended to replace 523 million shekels in bank debt.

In recent months, Israeli investment houses have begun actively acquiring hedge funds. Experts are debating whether this is a strategic business expansion or an overpayment for assets with questionable future returns.

Tomorrow, the shareholders' meeting of the Orion company is expected to take place, where decisions regarding the composition of the board of directors will be made. The Meitav investment house and Ha-Bayta are seeking to appoint their own representatives, raising concerns about potential conflicts of interest.

Jewish-American businessman Morris Wilner has increased his stake in Heachsharat HaYishuv to 14.13%, purchasing shares at 40 NIS. He has held meetings with controlling shareholder Ofer Nimrodi regarding potential joint management.

Bernard Arnault, owner of the luxury giant LVMH, is facing shareholder pressure amid rumors of inheritance battles and economic challenges exacerbated by the war with Iran.

The Vatican is investing 100 million euros to build an 80-90 megawatt agro-electric plant. Located in the suburbs of Rome, the project aims to achieve energy independence for the Holy See within two years.

Major autonomous driving companies are preparing to deploy their robotaxis in Las Vegas after the state of Nevada approved applications from Tesla, Uber, and Waymo to provide services in Clark County.

TikTok has agreed to pay $400 million to the US government to settle a lawsuit claiming that the platform violated the privacy of children. This is one of the largest financial settlements ever on the subject.

A rare collection of 688 handwritten notes by Mahatma Gandhi was sold at an auction in Mumbai for $1.69 million. The documents, dating from 1944 to 1946, provide an intimate look at the personal life and philosophy of India's independence leader.

US Treasury Secretary Scott Bessent is attempting to stabilize the $32 trillion US Treasury bond market. Investors are concerned about rising government spending and inflation amid the war in Iran.

The Dutch Data Protection Authority has fined Uber 825 million euros for using automated systems to suspend driver accounts without providing proper notification.

The Supreme Court rejected Finance Minister Bezalel Smotrich's request to cancel the freeze on funds approved by the Finance Committee, but allowed the release of 78 million shekels for the Ministry of Religious Services.

Since early May, the US military has assisted 1,300 vessels in transporting over 660 million barrels of crude oil through the Strait of Hormuz. However, exact daily export figures remain a subject of debate.