Globes

The yield on 30-year US government bonds has reached a two-decade high. Treasury Secretary Scott Bessent has initiated a bond buyback program to stabilize the market, while investor Ray Dalio warns that structural reforms are essential to avoid a crisis.

At the beginning of the month, it was reported that the Tax Authority is examining a change in the taxation model for options for high-tech employees, and the head of the Tax Authority expressed support for the initiative. However, it now turns out that senior officials in the Ministry of Finance are strongly opposed to the initiative: "The last thing we need right now is to burden high-tech...

The pharma stock that analysts bet against jumped by 177% in one day, causing billions in losses for short-sellers and forcing hedge funds to sell some of their best stocks. This happened following a successful cancer vaccine trial. But does it justify a $30 billion increase in value?

Tiv Taam has signed a cooperation agreement with the startup GreenOnyx and will exclusively market its products - vegetables with high nutritional value that stay fresh for weeks. In honor of the 25th anniversary of 'Harry Potter and the Sorcerer's Stone', Dizengoff Center is hosting a special pop-up. And Arkia has for the first time in the company's history certified a female pilot as captain on...

The Pozis family is reshaping Novolog: following a board shake-up and the departure of key executives, Zeev Mansour has been appointed CEO. With extensive experience in logistics management, Mansour is tasked with improving the profitability of the company's core operations.

Henry Shaul Schwarzbaum requested that profits from the sale of Applied Materials shares, received via options, be taxed at a rate of 25%. However, the District Court rejected his claim, ruling that the marginal tax rate must apply, as demanded by the tax assessor. The judge noted that Schwarzbaum benefited from the tax deferral under the agreement and cannot now disavow its terms.

The global risk level is rising, and in Israel, this trend is joined by renewed tension on several fronts. Government bond yields are approaching dangerous levels. The bar of expectations for Nvidia's reports is sky-high, and some wonder if it can be cleared. Another wave of reports will flood Tel Aviv, with publications from insurance companies Phoenix, Menora, and Harel. Also, a critical...

The inspector for multi-family housing in Haifa approved short-term apartment rentals on Airbnb and Booking, despite neighbors' objections. The decision joins a series of conflicting rulings on the subject, and the opponents have already appealed to the District Court.

Following delays due to the war, the tender for the renewal of the site of the veteran concert hall has been launched. The project includes residential, commercial, and office spaces in towers, with the tallest reaching 46 floors. Out of 481 units, 127 will be allocated for municipal use.

In Globes' weekly section, we analyzed the performance of prominent Israeli stocks on Wall Street. Wix stock has doubled its value since the June low, driven by the rapid growth of its subsidiary, Base44. Teva reached a decade-high peak thanks to a debt rating upgrade and accelerated FDA approval. Meanwhile, the deal to sell LivePerson is delayed due to a lack of a majority among all shareholders.

The Israel Airports Authority has decided to return Ben Gurion Airport to routine operations through the temporary reinforcement of headquarters and management staff in the field. Additionally, it was noted that recruitment of employees continues ahead of the Tishrei holidays. The Ministry of Transport announced the establishment of an external review committee to examine the events that led to...

The company, owned by Kibbutz Yizre'el, which gained awareness in Israel and the world thanks to swimming pool cleaning robots, is in the biggest crisis in its history. After reaching a peak value of about 9 billion shekels, its value is now estimated at less than 300 million shekels. The FIMI fund is in talks to invest in the company. A kibbutz member told Globes: "It hurts our pride, but we knew...

According to the internet giant's reports, in 2028 it will surpass the trillion-dollar revenue threshold. Its business model, in which revenue engines feed each other, has become an industry standard for companies like Walmart and platforms like TikTok Shop, which are trying to take a bite out of it. Also in the article: why its presence in Israel is minor compared to retail giants from China.

The Situational Awareness hedge fund of Wall Street's new wunderkind went into a tailspin within a few days at the end of July. Market traders, fueled by rumors about the sale of its holdings in Anthropic and relying on unusual movements in the options market, took steps to distance themselves from the ticking bomb, and some even profited from the fall.

Giant projects planned in the Haifa metropolis in the coming years are set to significantly reshape the region. We examine the timelines and the potential impact on the city and investors.

The property in Katzrin, an 8-room house with a pool and two guest units, was purchased by a couple from the USA. The property is located in the southern part of the neighborhood, features an exceptionally large built-up area, and offers an unobstructed view of the Zavitan Stream.

The apartment spans 68 square meters and is located on the first floor out of seven. The real estate agent who represented the sellers in the deal notes: "There is currently activity in Nahariya and quite a few deals are being closed. People have gotten used to the security situation and have returned to the market." Plus more real estate deals from the last week.

When Maayan Adam started the "Mami" club with a personal investment of 700,000 shekels, many brands were skeptical of her unconventional methods. Today, two and a half years later, the club has 400,000 members, its own credit card with 20,000 customers, and comprehensive operations spanning real estate and vehicles. CEO Ofir Yosef notes: "We are not looking for an investor, but we are open to...

Nasdaq rises by 0.7%, but indices are on track to break a three-week winning streak. Bitcoin is heading for its sharpest weekly gain since March 2023. US 10-year bond yield remains almost unchanged. Oil prices show a slight increase, with modest gains in Europe.

Just before it was due to publish its reports for the first half of the year, trading in Tomer Mazon shares was halted following the company's report on alleged problems in inventory management. Tomer Mazon joined the stock exchange about three months ago and is traded at a valuation of 138 million shekels.

Meitav raised management fees for members in the default pension fund during the first 10 years, despite the Capital Market Authority prohibiting it. As part of a settlement, Meitav will return money to 10,500 customers, totaling 1.2 million shekels. Active savers will receive the refund in the form of an exemption from management fees for 7 months.

Almost half a year since the occupancy permit for "Migdalei HaSolelim" in Tel Aviv, and the developers Mivne and Tidhar are not blinking - and are not lowering prices. With enough cash in the bank and a debt ratio of less than 50% of the balance sheet, these companies know that the banks will not be in a hurry to call, and perhaps in the meantime the market will change direction.

Judge Alex Stein rejected the husband's appeal, who claimed the property was purchased with his father's money. It was determined that investment and long-term cohabitation created an intent of sharing, while the wife's apartment will remain her sole property.

Ray Shipping has ordered about 10 Chinese-made ships with a capacity of over 8,500 vehicles each. Xiaomi is expected to start exporting its cars to Europe in 2027, and Horizon Motors is launching Chinese FAW trucks in Israel. This week in the automotive industry.

Yesterday, the stock exchange closed with a mixed trend: the TA-35 index fell by 0.3%, while the TA-90 index advanced by 0.7%. Arbitrage gaps in dual-listed stocks are expected to weigh on the TA-35 index by about 0.41% at the opening. The dollar exchange rate stands at around 3 shekels, and oil prices are recording slight declines.

Aviation clubs, promising discounted flight tickets, have become a major profit engine in the Israeli credit card market, with membership jumping to nearly 800,000. Fly Card, FlyAll, and SkyMAX cardholders spend twice as much as those with regular cards, driven by the desire to earn bonuses on their spending, especially abroad.

After nearly a decade, the chairman of the Tata Group has announced he will step down amid power struggles at the top. The battle over his successor comes as the group faces difficulties at Air India and turmoil in its technology business. The companies within the Indian business empire are worth a combined total of approximately $320 billion.

Phoenix becomes the third largest entity in the provident fund industry. Clal Insurance has its strongest month ever. Altshuler Shaham and Yelin Lapidot continue to lose money at a high rate.

Geshem Holdings reported on the advancement of a 488-apartment project in Migdal HaEmek. The Israel Land Authority is launching a reform to shorten appraisal objection procedures. Additionally, Azorim Living will purchase 26 apartments in Jerusalem for long-term rental for approximately 76 million shekels.

The surprise strike at Ben Gurion Airport turns the spotlight on the powerful union chairman who has held the position for four decades and is effectively closing the skies, not for the first time.

In an investor call following the publication of Electra Consumer Products' second-quarter reports, CEO Zvika Schwimmer said: "The 'Basket of the Country' brought new customers to the chain, but hurt revenues." The company's management is now examining whether the additional traffic generated by the promotion justifies the financial damage, or if it is better to end participation at the end of the...

The two Israeli banks acting as intermediaries for the Palestinian banking system are expected to postpone the cessation of operations by several months, Globes has learned. This comes at the request of the Bank of Israel, with the goal of finding a permanent solution to prevent chaos.

Y.H. Dimri released its second-quarter 2026 reports, highlighting challenges in its Sde Dov flagship project. Only 40 out of 455 units have been sold to date, leading the company to lower its price-per-square-meter forecast.

The Shufersal chain has signed a commercial agreement with LEGO, under which the brand's products will be sold starting today in about 90 branches across the country and via Shufersal Online. This move allows Shufersal to expand sales beyond groceries using a high-demand brand, while LEGO gains an immediate, significant increase in its retail footprint in Israel.

The Sderot-based fuse manufacturer is set to distribute profits from the sale of shares in its subsidiary to shareholders, following a weak quarter in which it reported a 36% decline in revenue and an 85% drop in net profit. The stock is falling sharply in Tel Aviv trading.

Novolog released its Q2 2026 results following a management overhaul and the consolidation of the Pozis family's control. Net profit dropped to 541,000 shekels from 4.6 million shekels in the same quarter last year, driven by higher financing expenses.

The real estate group Best, which went public last June, announced an investigation due to concerns about financial irregularities in a subsidiary. According to the announcement, while the company was private, the controlling shareholders and a relative took — they claim by mistake — a sum of up to 1 million shekels from the subsidiary's funds without required approvals. Upon discovery, the amount...

Income-producing real estate company G City is planning to sell assets in Europe, the USA, and Brazil to reduce its high debt levels. The strengthening of the shekel and asset divestments impacted the company's second-quarter financial results.

A decrease in apartment deliveries in Europe and the weakening of the dollar led to a decline in Shikun & Binui's revenues to 2.3 billion shekels in the second quarter and a plunge in operating profit. Despite this, net profit jumped by 70% to 241 million shekels thanks to a significant tax benefit, and the contracting backlog reached a record 18.5 billion shekels.

The market boom and growth in core activities boosted the investment house's profits by approximately 76% in the second quarter to about 65 million shekels. The group's revenues, managed by Dave Lubetzky, jumped by 37% to about 479 million shekels, led by capital and trading services activities. IBI shares have completed a jump of almost 80% over the past year to a value of about 6 billion...