Economy

Jamie Dimon: "There is a high chance that someone will shake the market and people will panic"
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."

Investment giant reveals: the stocks you should buy now
A dramatic review by UBS analyzes the historic surge of the world's leading indices to new highs, and explains why the gains are no longer dependent only on tech giants and how to build your portfolio.

Amdocs Reports $1.175 Billion in Revenue and Reaffirms Annual Guidance
Amdocs has released its financial results for the third quarter of fiscal year 2026, reporting revenue growth and confirming its annual outlook. The managed services sector remains the primary growth driver, achieving record revenues of $791 million.

Drama on Wall Street: A well-known Israeli stock crashed by more than 30%
The reporting season in New York is hitting local companies, as alongside an unusual collapse of an energy giant, another Israeli stock actually surprised investors and jumped by tens of percent.

Israeli energy giant Econergy acquires French company Escofi
The Israeli company Econergy has signed a binding agreement to acquire the French firm Escofi, which holds a 740 MW wind energy project pipeline, expected to generate significant long-term revenue.

Government company TAA against the Electricity Authority: "Rejecting Dorad 2 is a dangerous precedent for the entire market"
The government company TAA, the largest shareholder in the Dorad power plant, is challenging the Electricity Authority's decision to block the expansion of the facility by 670 megawatts.

TurboGen fined 550,000 NIS following incorrect order backlog report
TurboGen has been fined 550,000 NIS following an administrative enforcement agreement with the Israel Securities Authority. The penalty stems from misleading information regarding the company's order backlog reported in a June 2025 presentation.

Israeli gaming giant Papaya Gaming files for bankruptcy in the US following court loss
Israeli gaming company Papaya Gaming has filed for Chapter 15 bankruptcy protection after being ordered to pay $719 million to competitor Skillz. Operations will continue as usual while the company appeals the decision.

The Door to Wall Street: Israeli Banks Prepare for Dual Listing
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.

Taboola Misses Expectations and Lowers Guidance — Shares Drop on NASDAQ
Taboola reported its second-quarter 2026 results, showing improved profitability despite missing revenue forecasts. The company lowered its annual revenue outlook, causing shares to fall by 26%.

Yitzhak Tshuva in a mega-deal: Energy company acquired for 38.5 million dollars
Significant expansion in energy operations in Canada: InPlay, partially held by Delek Group managed by Idan Walles, acquired a Canadian oil and gas company for tens of millions of dollars. This is another strategic move supporting continued value creation and the expansion of energy activity in North America. Since Delek's investment in InPlay, the stock has jumped by about 50%.

The S&P 500 Hits a New Record: What Comes Next
The primary Wall Street index has returned to an all-time high following two months of stagnation. Most Israelis are exposed to this performance through pension and advanced study funds. We examine the catalysts for this surge, the distance to the next milestone, and why analysts remain cautious.

El Al flying high, energy stocks diving | Stock exchange summary
Stock exchange summary: A volatile and mixed trading day on the Tel Aviv Stock Exchange. Alongside an impressive double-digit jump in El Al shares and notable gains in Camtek and Keystone Infra, renewable energy shares experienced price declines.

Tax Authority Plans to Revise High-Tech Option Taxation
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.

Lotto goes wild: This mistake cost players 80 million shekels
Two participants were a step away from the grand prize in the latest Lotto draw, but missing the strong number left the huge jackpot unclaimed and rolled it over to the next draw.

Competition Authority approves sale of Hot Mobile at a valuation of 1.8 billion shekels
The Competition Authority has approved the sale of Hot Mobile. The deal now awaits final approval from the Ministry of Communications, which is currently reviewing the merger.

Banks Hapoalim and Discount to Sever Ties with PA: Economic Impact
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.

A massive $55 billion deal: Gaming giant is being sold
The completion of the massive acquisition of the popular game manufacturer by the Saudi wealth fund and its partners raises difficult questions regarding the future of beloved titles, the payment model, and the possibility of widespread layoffs at the company.

Ofer Yanai Celebrates Major Deal: 600 Million NIS Contract
Nofar Israel, owned by Ofer Yanai, has signed a 15-year agreement with Super Power Electricity to supply electricity from energy storage facilities. The deal is valued at approximately 600 million NIS.

Pozis Family Increases Stake in Novolog Amid Control Struggle
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.

How to choose the risk level that suits you: A complete guide to building a smart investment portfolio
Every investor seeks higher returns, but not everyone is prepared for the associated volatility. Before selecting assets, it is crucial to determine the risk level that aligns with your goals and temperament. This guide will help you build a balanced investment portfolio.

SolarEdge Stock Drops 12% on Weak Outlook Despite Return to Profitability
Israeli company SolarEdge reported a return to non-GAAP adjusted net profit of $3.6 million in the second quarter of 2026. However, the stock fell by 12% following a disappointing revenue forecast for the third quarter.

Why is AMD stock plummeting today?
Shares of chipmaker AMD recorded sharp declines before the opening of trading today (Wednesday) in a move expected to wipe out more than $61 billion from the company's market value. The current drop highlights the high bar and inflated expectations the company faces as it attempts to challenge Nvidia's dominance in the field of artificial intelligence, while simultaneously competing with Intel...

Why is Disney’s stock surging today?
Disney’s stock rose by more than 4% in early trading on Wall Street after the company beat profit forecasts for the third fiscal quarter. The positive results come amid efficiency efforts and cost-cutting, alongside renewed growth in the parks division and the entertainment giant’s streaming services.

Two Israeli Companies Reporting Double-Digit Net Profit Growth
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.

The highest gross profitability in its history: Delta Galil summarizes the quarter
In the second quarter of 2026, Delta Galil received a $33 million customs refund from US authorities. This event, combined with sales growth, led to record gross profitability for the company.

Wall Street on edge: SpaceX stock faces a major market test
SpaceX stock is facing its biggest test since its IPO. This coming Thursday, the lock-up period for employees and early investors will expire, making up to 911.5 million shares available for sale. This move will test the company's valuation as a massive volume of previously restricted shares hits the market.

Avisror shares jump on stock exchange amid minimal trading volumes
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.

Investment breakthrough: Portfolio managers in Israel to be allowed to publish yields
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.

Strongest Quarter in 3 Years: Potash Price Hike Boosts ICL Profits
ICL reported strong Q2 results, with operating profit rising 47% to $266 million and net profit jumping 47% to $137 million. The growth was driven by higher potash prices and increased sales volumes.

Response to Gulf Blockades: Israel's International Project Bypassing the Strait of Hormuz
According to the Ministry of Energy, the project will provide a response to global energy supply disruptions caused by the blocking of the Strait of Hormuz and the Bab el-Mandeb Strait. Minister Eli Cohen stated: "The corridor will create a new trade route for the benefit of the international economy, bring billions into the state treasury, and create jobs."

Market at Peak, Michael Burry Short: "We Are Close to a 1987-Style Crash"
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.

Will it cover the debts? Cimed sold its summer camps for $368 million
Cimed has sold 23 summer camps in the US for $368 million, exceeding their book value by $24 million. The proceeds are expected to assist in repaying debts to institutional investors.

A day after the deal collapse: What is happening to Norstar and G City shares
Following the cancellation of the deal with Tzahi Abu, G City and Norstar shares recorded price declines yesterday. We examine the current market situation and the reaction of Ari Real Estate shares.

After the July Comeback and Ahead of Earnings: Which Bank Is Worth Investing In?
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.

Willi-Food to delist its shares from NASDAQ and consolidate trading in Tel Aviv
G. Willi-Food International has announced the delisting of its shares from NASDAQ and the cessation of SEC reporting obligations. Trading will be consolidated exclusively on the Tel Aviv Stock Exchange.

Idan Ofer Celebrates: ICL Reports 3-Year Profit Record
The mineral industry giant, one of the largest stocks on the Tel Aviv Stock Exchange, concludes a strong quarter, announcing a growth-oriented reorganization and a cost-saving program exceeding $350 million.

Bitan suggested reducing VAT on food. How acceptable is this in the world?
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.

Bezeq: Comparative net profit jumped 38% in the second quarter; company to distribute 500 million shekels in dividends
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.

The war drove away foreign companies and El Al's profits for the quarter doubled
El Al airline reported its second-quarter results, showing a 27% revenue increase to $986 million and a doubled net profit of $132 million amid record demand.