Economy

Kenneth Cole Productions will deepen its partnership with the Mashbir Group and invest up to $5 million in Kenneth Cole Design and Development. As part of the deal, it will be allocated 20% of the company's shares, which will continue to expand the brand's operations in Europe.

Christine Hunsicker, founder of the fashion tech firm CaaStle, has been sentenced to five years in prison for a $300 million fraud. The court rejected her defense citing a head injury.

Inrom Group concluded the second quarter of 2026 with double-digit growth in sales and net profit. Following these strong results, the company announced a dividend distribution of 21.5 million shekels scheduled for September.

The company "Rani Zim Shopping Centers" concludes the first half of 2026 with an increase in NOI and FFO, alongside the expansion of operations into the fields of energy, logistics, and data centers.

Diplomat, a major importer of consumer brands, has released its financial results for the second quarter of 2026. Net profit fell to 23 million shekels, marking a significant decline compared to the same period last year.

Ayalon Insurance reports that total profit in the second quarter amounted to approximately 135.9 million shekels, and profit in the first half increased by 8.2% to 217.4 million shekels. The company's board of directors announced a dividend distribution of 50 million shekels.

The betting platform Kalshi reported 32 cases of suspected insider trading to regulators in the second quarter. According to The New York Times, the Commodity Futures Trading Commission (CFTC) is currently conducting up to 20 active investigations based on this evidence.