Economy

CoreWeave shares jumped 8% in after-hours trading Tuesday after the AI infrastructure provider reported revenue that beat Wall Street analyst forecasts. Quarterly revenue reached $2.58 billion, a 112% increase year-over-year, highlighting strong demand for generative AI hardware.

Swiss sports footwear brand On reported second-quarter results that missed analyst expectations. Following a slowdown in US sales growth, the company's shares plunged by 22%.

Liberman said that without universal conscription and an extension of service, income tax would have to rise by 16%. This number does exist in official opinions, but it describes something slightly different. The 'Whistle' from Globes.

Savers in the 'Savings for Every Child' program are shifting funds from banks to provident funds. By the end of 2025, the share of bank-managed accounts dropped to 16%.

Iran's demand to impose a transit fee in the Strait of Hormuz is causing deep concern in global markets. Analysts estimate that a fee of 5% to 7% per barrel of oil could generate $18–$25 billion annually for the regime, leading to a global increase in energy prices.

The Lesico Group is expanding its footprint in the energy sector. Its subsidiary, Foldmir Binyan, has secured a contract to construct a power plant in southern Israel, with the first phase expected to generate approximately 70 million shekels in revenue.

The Norwegian sovereign wealth fund has cut the number of Israeli companies in its portfolio by more than half due to ethical considerations under heavy political pressure. Its semi-annual report reveals that the value of its assets in Israel has actually increased, driven by the significant rally in the local market over the past two years.

The credit card company's net profit rose by approximately 4% to 104 million shekels, excluding the one-time payment received from El Al for transferring the FlyCard club to Isracard, which stood at 23 million shekels in the second quarter. In total, the overall compensation CAL expects to receive for the termination of the engagement with El Al stands at 75 million shekels.

The Russian airline Transaero, which ceased flights in 2015 and accumulated debts of over 1.1 billion euros, remains in insolvency proceedings. The liquidation process has been extended until September 13, 2026.

The National Insurance Institute has released its report on the 'Savings for Every Child' program, revealing 25.4 billion shekels in accumulated savings. Acting CEO Tzvika Cohen urged parents to take a more active role in managing these accounts to maximize future benefits.

Cellcom presented its strongest quarter in 11 years, with a 44% jump in net profit to 92 million shekels and a 26% increase in operating profit. The main improvement stemmed from a sharp increase in equipment sales and continued debt reduction, while service revenues continued to erode and the stock responded with a rise of about 5% in trading.

The company moved from a loss of $37 million to a profit after the refining margin jumped to $17.9 per barrel. Ukrainian attacks on oil refineries in Russia and the blocking of the Strait of Hormuz reduced the supply of fuel products and boosted profitability.

The foreign exchange market is seeing moderate movements as investors await US inflation data. The dollar is strengthening by 0.1% to 3.004 shekels.

Hachshara Urban Renewal took advantage of the recent stock price drop to conduct a series of market purchases, increasing its controlling stake in the urban renewal arm to 72.8%. How much did the company spend, and what is the current share price?

The group concluded the second quarter of 2026 with a 42% jump in operating profit and a net profit that more than doubled. Positive free cash flow enabled a dividend payout of 180 million shekels.

The company, managed by Dana Azrieli, has signed an agreement to provide data center services in London with a capacity of 13.6 megawatts.

OPC Energy reports a giant investment plan of about 7 billion dollars in the American electricity market, alongside exceptionally strong financial results.

Bank Beinleumi finished the quarter with a net profit of 583 million shekels and a return on equity of 16%, against the backdrop of the special tax impact. At the same time, credit to the public jumped by 20% to 164 billion shekels, while credit portfolio quality indicators continued to improve and the ratio of problematic debts fell to 0.40%.

Trading in Tel Aviv will open against the backdrop of uncertainty surrounding the Strait of Hormuz. Morning in the world: positive trend in Asia and New York led by chip stocks. After yesterday's excellent report from Bank Hapoalim, record profits for Bank Leumi. Meitav: the corporate bond market is showing complacency and ignoring risks. US inflation will be released this afternoon. Investment...

Despite a 40% jump in the stock, investment expert Michael Burry doubles down on his bet against Palantir and claims: "The long-term intrinsic value of Palantir stock is less than one dollar."

Yesterday's reports led to a red close for the stock exchange: Elbit plummeted despite a strong report, while banks surged following the Hapoalim results. Today, the market focuses on the US Consumer Price Index, which will dictate the direction of interest rates.

Gold Bond and Doral Urban are forming a partnership to build an 80 MWh high-voltage electricity production and storage plant. The project involves a 40 million NIS investment and is expected to generate 12 million NIS in annual revenue.

With record profits, a 16.3% return on equity, and one of the world's best efficiency ratios, Bank Leumi continues to demonstrate strength despite the special tax imposed on the banking sector. Read on for the details.

A new economic review by Poriya Finance reveals the forces driving the shekel and warns of the implications of major bank reports and US bond data.

A review by Julius Baer presents a surprising snapshot of the markets and identifies areas worth investing in now, alongside changes in currency and artificial intelligence forecasts.

Ofer Klein, head of the Economics and Research Department at Harel Insurance and Finance, commented on the CBS business trends survey, which revealed a positive start to the current quarter, noting a surprising recovery in real estate and an unprecedented number of Israelis flying abroad this summer.

Globes presents the first update on the state of global markets. This morning: positive trend in Asia and Wall Street futures led by chip stocks. CoreWeave and Super Micro surged in after-hours trading following reports. Investors are awaiting the CPI to be released this afternoon in the US.

The Cleanliness Fund under the Ministry of Environmental Protection is facing a 4 billion shekel deficit. The ministry has stopped publishing financial reports, and commitments have exceeded the fund's revenues for the past 8 years.

Gilboa, owner of the cargo airline Challenge Airlines, acquired control of Gaon Holdings last year and admitted at the time: 'It's not even clear to me yet what I bought.' Since then, he has enjoyed a 220% surge in the infrastructure company's stock, which tripled its profits in 2025 thanks to operational improvements.

The Government Companies Authority has banned Zoom participation in in-person board meetings. Directors argue the move is overly restrictive for the hybrid era, while Authority head Roi Kahlon insists the step is necessary to curb abuses and ensure professional standards.

Data from the Arlozorov-Yesodot Institute, a research body within the Histadrut, show that the reduction of customs duties on tuna was successful and lowered prices. However, this did not prevent it from publishing an opposite conclusion in the competing newspaper Calcalist. This is how the method of analytical bodies that try to fight opening the market to competition works - even when the...

Despite the sharp crash of the Israeli company following its reports, Wall Street insists on maintaining a particularly positive recommendation and points to a surprising buying opportunity for investors.

Shareholders approved a deal where Vicunha will invest 2.4 million shekels for a 20% stake in Sonovia at a 12 million shekel valuation, funding the commercialization of its sound-wave dyeing technology.

Despite reports of a number of high-tech entrepreneurs joining the channel acquisition process, the official request submitted to the Second Authority indicates at this stage only 2 financiers: Rappaport and Yinon Costica. At the same time, the regulator is nearing a decision on the deal and is also examining the channel's past obligations.

Just as all of Wall Street celebrates the renewed surge of Palantir, the investor who predicted the 2008 crisis has quietly renewed his bet against the stock, setting an imaginary price target. Behind the provocative statement hides an accounting claim worth knowing, especially if the stock is also in your training fund.

Investors were alarmed by a sharp drop in cash flow and a lowered conversion rate forecast. However, William Blair maintains that these are strategic investments to support future growth and reaffirms its "outperform" rating for the stock.

The Stock Exchange closed today with significant fluctuations in the two flagship indices. Among the rising stocks, no dramatic gains were recorded, but in the declining sector, Israeli companies experienced severe shocks.

Gas reserves in Europe are less full than usual, imports from the Middle East are limited, and prices remain high. However, Norbert Rücker of Julius Bär argues that the fear of a crisis stems mainly from the trauma of 2022 and the chance of a significant shortage is lower.

The securities trading platform eToro is acquiring American broker TradeZero in a deal worth up to $231 million. The move aims to expand eToro's US presence and strengthen its competitive position against Robinhood.

Elmor Hashmal won a huge tender from the Israel Electric Corporation to build storage facilities across the country — another link in the chain of orders that made it one of the hottest stocks on the stock exchange. What is behind the surge, and can this pace continue?