Financial Market

While the dollar weakens against the shekel, another leading currency is recording an unusual strengthening of more than 3%, creating a surprising offsetting mechanism that directly affects investors and savers in Israel.

Clal has broken a record in core business profit, launched for the first time in its history a share buyback program, and crossed 456 billion shekels in assets under management. In an interview with ice, CEO Yoram Naveh explains why he remains "long on Israel," why he will not fight for market share in auto insurance at any cost, and why the "small bank" reform, which is supposed to increase...

The crypto market experienced a positive trend during the week, with the exception of Ripple, which fell by 3.42%. Bitcoin rose by 1.63%, its market cap stands at 1.30 trillion dollars, and it is trading at 64,958.7 dollars.

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.

Bitcoin ETFs in the USA reported significant redemptions totaling $265 million in a single trading day. This development has exerted heavy pressure on the market, prompting analysts to evaluate the impact of growing global economic caution.