Globes

Trading in Tel Aviv is expected to open against a backdrop of heavy pressure in the technology sector worldwide. Trading in Asia is under pressure and futures on Wall Street are mixed. Mixed results and drama in the earnings season of Israeli companies in New York. A warning light for the US economy: the labor market is cooling sharply - but wage pressures are increasing. The profit boom on Wall...

A new study by the Tax Authority indicates a sharp change in the profile of Israelis moving abroad: the rate of departures from the top decile has risen by about 80%, and the number of those leaving the high-tech and healthcare sectors has more than doubled. The taxes paid by those leaving before their departure reached about 1.2 billion shekels per year. Simultaneously, the number of people...

Globes presents the latest global market update. This morning, Asian markets are falling, led by South Korea. Wall Street and oil prices remain stable. Taboola and SolarEdge have lost over $1 billion in value, while JPMorgan CEO Jamie Dimon warns of hidden leverage risks.

Amdocs reported overnight a quarterly profit of $1.84 per share and recorded revenue of $1.17 billion. Over the last four quarters, the company has beaten analyst forecasts for earnings per share and revenue three times.

Argentina is integrating Israeli loitering munitions, advancing it to a leading technological status in South America. Singapore has integrated Israeli-made Blue Spear missiles into a new, advanced warship. Taiwan is developing AI-based unmanned vessels using technology from an American company. This week in the defense industries.

The mega-deal in which Visa acquired BioCatch at a $2.4 billion valuation yielded the Jerusalem-based investor group OurCrowd about $200 million. The fund, which operates on a unique model, also holds shares in the AI giant Anthropic.

The heads of the construction company Omer Handasa welcome the replacement of Palestinian workers with foreign ones, claiming: "The workforce today is more stable and of higher quality." They estimate that the peak of the crisis in the industry is behind us, protest against the authorities' lack of recognition of the industry's difficulties, and state: "When we dealt with state tenders, we did not...

When Noam Ashdod received her first pay slip in high school, she discovered her passion for the world of finance. Today, she is a 26-year-old financial planner with a structured investment agenda that includes a lot of patience and zero Bitcoin. And also: 2 Israeli stocks she believes in.

In the competition between the flagship indices of Tel Aviv, there has been a clear winner over the last decade - the TA-90. However, recently the picture has reversed as an unusual gap has opened in returns between it and the TA-35. The return gaps are also trickling down to a historic change in assets, as over 2 billion shekels have been redeemed from funds tracking the TA-90 index, and for the...

During an interview with NBC, JPMorgan CEO Jamie Dimon noted that heavy leverage increases the risk that an individual investor or a single fund will trigger wider volatility. "When you have a situation like that, there is a higher chance that someone will shake the market quickly, and people will panic because of it."

After months of tension between management and the employees' representatives, agreements were reached on a reduction plan: up to seven employees will end their employment, two will be reassigned to other roles, and management committed not to carry out further layoffs among journalists in the next seven months.

AI tools make it easier for entrepreneurs to start companies alone, and many continue to operate them that way even as they grow.

Bank of Israel Supervisor Daniel Hahiashvili has released a draft circular allowing banks to report under US GAAP. This move removes a major barrier to dual listing on US stock exchanges.

A new study challenges countries' forecasts of a "tsunami" of severe dementia patients in the coming decades. Professor Eric Stallard, who led the study, is convinced there is still room for decline. Longevity Science, a new section.

Businessman Dudi Appel, currently in bankruptcy proceedings, is suspected of concealing assets worth tens of millions of shekels. The case also involves attorney Michael Kleiner and members of the Dayan family.

The Ministry of Finance and the Tax Authority are considering increasing taxes on employee stock options in the high-tech sector as part of the 2027 budget, while proposing a reduction in wage taxes.

The Israel Land Authority is closing tenders for 7,390 housing units this week. All plots are located in the periphery, with no tenders in high-demand areas or major cities.

The expected cessation of bank transfers between Israel and the PA in September-October threatens financial chaos. This move creates risks for trade and security, forcing businesses to shift to cash transactions.

The American company Razer has acquired the assets of the Israeli startup StreamElements. Once one of Israel's fastest-growing companies during the pandemic, it faced market shifts and was sold at a loss.

The Pozis family is acquiring an 18.2% stake in Novolog from Phoenix and Arkin at a 19% premium. The move comes as a counter-measure to Eli Dahan's attempt to invest 100 million shekels, which would have diluted the founding family's holdings.

Mineral company ICL beat analysts' forecasts, reporting a 35% increase in adjusted net profit. Delta Galil nearly doubled its net profit, driven in part by a customs refund from US authorities.

A turning point in the advertising struggle between aviation clubs: After demanding the removal of parts of the Flyall advertisement, the Second Authority has changed its decision, determining that the comparison to Isracard's FLYCARD is legitimate. CAL must now add prominent clarifications and submit the corrected version for approval.

An independent X account gave Anthropic's AI agent a $50,000 portfolio to manage with the goal of outperforming the S&P 500 index. The project operators now claim the portfolio has yielded a 19% return since March, and investors are already copying its trades to the tune of about $27 million.

Real estate developer Avisror began trading on the Tel Aviv Stock Exchange after raising 530 million shekels at a 2 billion shekel valuation. Shares surged 14.5% at the opening on individual trades, with gains moderating to 6% later in the day.

The ThyssenKrupp shipyards have delivered the INS Drakon to the Israeli Navy, the most expensive submarine in Israel's history. The vessel's cost is estimated at approximately 550 million euros.

The company's revenue grew to $782.3 million, exceeding analysts' expectations due to continued growth in cloud services and AI solutions. Net profit, however, saw a decline.

Since 2011, the Israel Securities Authority has prohibited portfolio managers from publishing their yields to the general public, restricting them to personal consultations. Now, the regulator is shifting course: under a new draft, all licensees—investment advisors, marketers, and portfolio managers—will be permitted to publicly disclose past yields, provided they adhere to uniform standards.

Globes presents a daily review of international media coverage regarding Israel. In this edition: Morocco becomes the first Arab nation to deploy soldiers to Gaza, Saudi Arabia forms a naval coalition to counter Houthi blockades, and a pro-Israel candidate wins a primary in Missouri.

Michael Burry warns that the current market rally could end in a sharp crash reminiscent of 1987. The investor holds put options on several major stocks and ETFs, betting on a downturn.

Former footballer and former Beitar Jerusalem coach Barak Yitzhaki purchased a three-room apartment in a project by the Gohari-Afriat company in his childhood city of Ashkelon. The deal is estimated at about 2 million shekels, and the apartment is on the tenth floor - the jersey number that accompanied Yitzhaki throughout his playing career.

The bank index on the stock exchange, which had been stagnant for most of the year, surged by 10% in July. Investors attribute this to a correction following a period of weakness and expectations of strong financial reports for the second quarter.

Economic Committee Chairman MK David Bitan claimed that in developed countries, VAT on food does not exceed 8%. The reality is much less clear-cut. Globes' Whistleblower.

The group's core revenues — excluding telephony at Bezeq Fixed-Line, cellular services at Pelephone, private customers at Bezeq International, and revenues from Bezeq Online — amounted to approximately 2.03 billion shekels, an increase of about 4%. Total revenues rose by 1.4% to approximately 2.17 billion shekels.

Despite losses from Operation "Lion's Roar," El Al doubled its net profit to 125.9 million dollars, driven by strong demand and higher pricing. The airline expects this momentum to continue into the third quarter.

This is not the first time remnants of human space activity have collided with the Moon, and the phenomenon is becoming a growing concern. The impact will eject a cloud of dust and rock fragments above the lunar surface, though it will be difficult to observe from Earth without a powerful telescope.

Global markets show optimism amid progress on the Iran issue and strong financial reports. Asian markets are rallying, oil prices are declining, and the dollar has fallen below 3 shekels.

The Tel Aviv Stock Exchange opens amid optimism surrounding a potential US-Iran agreement, global market gains, and falling oil prices. Investors are closely watching upcoming US employment data.

Businessman Dudi Appel is the primary suspect in a case involving the concealment of assets worth tens of millions of shekels. The case also involves Likud tribunal president Michael Kleiner and businesspeople Yaffa and Yitzhak Dayan.

New AI-based tools are helping homebuyers and sellers make more informed decisions. Discover how these technologies are changing the way we assess financial capacity and the true value of real estate.

In July, 4.5 billion shekels were withdrawn from the IBI 'Israel Bank Index' ETF, bringing the two-month total to nearly 8 billion shekels. Estimates suggest the total outflow will exceed 10 billion shekels by the end of August.