Globes

Leon Cooperman is considered one of the most pessimistic investors on Wall Street, and he has returned with a new warning. According to him, the US is in danger of a recession, and inflation could return the economy to the crisis of the 70s.

Fisher Brothers, co-owned by American attorney Martin Edelman, a close associate of the US President, will attempt to raise $100 million in a bond issuance, despite recent failures of foreign real estate companies in Tel Aviv.

The cost of living, life expectancy, and pension gaps are driving many Israelis to remain in the labor market beyond age 65. Analysis of Hilan's data reveals significant gender gaps favoring men, strong loyalty to existing employers, and distinct sectoral trends for older workers.

Demand for juniors in high-tech has shrunk, many young people remain outside the labor market, and about a quarter of a million workers have simply "disappeared". The average wage in the economy has indeed risen by 7%, but in practice, it is barely felt in the pocket. Why is this happening, and how much has the war affected the data?

Eyal Shina, VP of Investments at Pasternak-Shaham, identifies unique optimistic prospects in the Israeli market. He recommends maximum exposure to the shekel and flags the defense sector as an attractive opportunity following recent price declines.

The Ministry of Agriculture has reversed its decision to allow Baladi to import chicken from Brazil just six months after approval. This is a major financial blow to the company and leaves consumers facing persistently high prices, which have risen by 30% over the last five years.

The banks filed an appeal to the Competition Tribunal against the Commissioner's decision to declare them a concentrated group, as well as against the directives set in the field of deposits. Industry experts estimate that the legal process could last up to two years. What will happen in the interim period until a decision is reached, and what are the chances of the decision being overturned?

Sales in Nike's same-store locations continue to decline - in the second quarter they fell by approximately 9.5%, following a sharp decline of 17.7% in the first quarter. Retailors noted that the impact on Nike sales was partially offset through the participation of global Nike in operating expenses as well as through benefits in purchasing terms.

The complex in Rishon LeZion will span approximately 1,500 square meters and will include, among other things, the Coffee Bar restaurant by Ruti Broudo, which will reopen, as well as an art museum. The Eretz Israel Museum is presenting a new exhibition by artist Neta Harari Navon. In the Port of Ashdod, a volunteer day was held at the logistics center of the 'Latet' organization. Events and...

The Brazilian competition authority has approved Strauss's acquisition of the food company from General Mills. Yoki is one of the most prominent food companies in Brazil, with annual sales estimated at approximately 1.2 billion shekels at the time of the deal's announcement in March.

Following growth data that surprised the economy for the better, the Ministry of Finance plans to update the debt-to-GDP ratio downwards by about 0.5%. However, the figure is still relatively high compared to the past.

The Capital Markets Authority is demanding data from institutional bodies regarding their votes at public company meetings over the last 3 years. This involves hundreds of votes per body, and the institutions have turned to their voting advisory body on compensation issues to help them meet the Authority's deadline.

Data on insider purchases in the US market are at a low. It seems that while stock prices are hitting records, the people who know the companies from the inside show very little enthusiasm for buying their shares. A possible conclusion: you don't have to stay invested at any cost.

About a month ago, Castro announced its plans to launch the Chinese sportswear brand ANTA in Israel. The company has now revealed it will collaborate with the competing fashion group Renuar to jointly establish the brand's operations, subject to Competition Authority approval.

A senior analyst at Wells Fargo estimates: JPMorgan is on its way to becoming the first bank in history with a market cap of $1 trillion — and could reach $2 trillion within 8 years. Wells Fargo raised the target price to $390 with an 'Overweight' rating, against the backdrop of record profits and a 21% surge in the stock.

The dollar is at a low and Israel's real interest rate is attracting demand for the local currency. The shekel has strengthened by 2.5% in a month, but IBI estimates that the fading of foreign exchange factors will push inflation back up in the second half of the year.

The Electricity Authority and the Noga company are publishing a hearing for a new pricing method for private electricity producers. The tariff will rise, alongside a reduction in compensation and payments they currently receive. The rationale: increasing certainty that will allow for an increase in production capacity in the medium and long term. The implications in the short term: a possible...

Paz benefited from an improvement in fuel margins and increased net profit by 14% for the quarter. Despite the strengthening of the shekel and a decrease in revenue, Albad recorded organic growth of 7% in original currencies, led by the European market.

The Capital Market Authority has imposed financial sanctions totaling approximately 10.5 million shekels on Ne'emanut Insurance Agency for violations in the pension sector. The agency misled clients and encouraged them to make illegal early withdrawals of pension savings.

Following the announcement of Oren Dobronsky's placement on the Likud list, many warned that he would be liable for a huge sum. What is the reason for this, and who else is exposed to this payment? Globes' "Whistle" presents: The monitor explains concepts.

Insurance company Migdal presented a 5% growth in core profit, but the interest rate cut eroded the total profit, which stood at approximately 575 million shekels at the end of the quarter. The long-term savings sector continued to enjoy growth.

Sharp recovery and expansion in tourism activity: Max moved from a loss to a net profit of 80 million shekels in the second quarter. The credit card company's revenues climbed to 621 million shekels, and the consumer credit portfolio grew by 13.7%. CEO Sagit Dotan stated that the SKYMAX aviation card has crossed the 100,000 customer threshold.

Mimun Yashir's profits jumped more than 4-fold in the quarter, driven by strong performance in mortgage and auto finance. Competitor Nawi, holding about 10% of the shares, is reporting a paper profit of approximately 40 million shekels.

Trading in Tel Aviv will open against the backdrop of escalating security tensions in the north and south. Dual-listed stocks return with a mixed gap: Tower and Teva will provide support, Camtek and Nice will weigh down. Why are oil prices not soaring despite the blockade in the Strait of Hormuz? The AI effect: huge infrastructure spending is creating inflationary pressure in the US. And also: on...

Globes presents a first update on the state of global markets. This morning, there is cautious optimism at the start of the trading week against the backdrop of mixed futures on Wall Street and gains on Asian stock exchanges. Japan's growth data missed forecasts. Oil prices remain relatively stable despite uncertainty in the Strait of Hormuz. The 'Hindenburg Omen' raises concerns about a market...

Despite negative returns in July following sell-offs in semiconductor stocks, the performance of local entities since the beginning of the year remains strong. Foreign currency exposure pushed Yelin Lapidot and Altshuler Shaham to the top in July. Clal and Harel are at the bottom. The forecast: "Volatility is high, and the ping-pong will continue."

Shaul Meridor, former head of the Budget Department and currently a candidate on the Yasar list, is showing great activity on the web. Between the lychee orchard in the Galilee and the toiletries department at the supermarket, he pulls out quite a few figures. Meridor is not always accurate, but at least he brings important economic issues to the discourse.

The Capital Market Authority is working to eliminate temporary life insurance discounts, requiring companies to maintain initial terms throughout the policy's duration. The regulator warns that customers lured by low entry prices often become trapped due to age or health issues, eventually facing premium hikes of hundreds of percent.

The unified investment account reform promoted by the Ministry of Finance is expected to include retail investors who trade securities independently. The implication: the possibility of tax deferral and even a full exemption from capital gains tax under certain conditions, subject to a deposit ceiling of 200,000 shekels.

The Ministry of Agriculture has revoked the approval for Baladi's plant in Brazil, effectively halting chicken imports to Israel. The move deals a significant blow to the company, which invested 21 million shekels in the facility, and follows intense pressure from local poultry producers.

The recently published F13 forms for the second quarter of 2026 reveal the investment strategies of Wall Street's most influential figures. Key trends include massive bets on Alphabet and SpaceX, alongside a significant sell-off of chip manufacturer stocks.

The Israel Land Authority (ILA) reported that pollution tests in Sde Dov are progressing, but has yet to publish findings or mapping, leaving land distribution stuck. Rights holders warn that the lack of clear information harms real estate transactions and certainty surrounding the project. Simultaneously, apartment buyers are seeking to cancel option agreements and recover approximately 1.55...

As Globes has learned, the mall giant has purchased land zoned for residential and hotel use, and is working to rezone it for the construction of a 35,000 sqm mall. The company identified a shortage of a significant regional mall in Jerusalem that would compete with Azrieli's Malha Mall, which includes about 44,000 sqm.

The struggle around the Strait of Hormuz continues and its end is not in sight. Defense stocks in Tel Aviv plummeted, while a reverse trend was recorded globally. The earnings season in the US is on its way to being the strongest in five years, and a wave of companies from various sectors will report this week in Tel Aviv. The Fed protocol will reveal how divided the central bank is regarding the...

The investment house controlled by Eran Pasternak and Shai Shoham will attempt to leverage a two-fold revenue growth over the past year to issue its shares. Last year, the firm benefited from high profitability in its trust-based hedge fund activities.

July was positive in the local market, but the strengthening of the shekel boosted foreign-oriented bodies and S&P 500 trackers. After difficult years, Altshuler Shaham and Yelin Lapidot had another good month, outperforming their competitors despite negative returns.

In this week's Globes review, we analyze the performance of key Israeli stocks on Wall Street. ZIM surged following strong competitor results, Nayax received an 'outperform' rating with 48% upside potential after a sharp decline, and Monday.com was compared to South Korea's SK Hynix.

Data from the Ministry of Finance reveals that many buyers canceling apartment deals faced financing difficulties, often having paid nothing prior to cancellation. While sales contracts typically include a 10% penalty, sellers frequently waive the full amount or accept partial compensation.

The apartment, in a building occupied eight years ago, was sold for 2.2 million shekels. 5-room apartments in the project were sold in 2016 for an average of 910 thousand shekels.

The short power struggle at the medical services company Novolog has turned the spotlight on the battered stock, which lost 76% of its value at its peak, and on the successful entrepreneur who brought it to the stock exchange but prefers to operate under the radar. What went wrong in Novolog's success story, and can it get back on the path to success after the Pozis family's renewed takeover and...