Economy

Chip and technology stocks are recording sharp declines amid concerns over the financing costs of artificial intelligence infrastructure, but the financial sector is benefiting from a rotation of funds and reaching new record highs.

The National Labor Court rejected the appeal of the Dfus Offset Emmanuel company and upheld an unprecedented compensation of half a million shekels for violating the right to organize, as a deterrent.

IBI investment house retail analyst Yuval Gur-Arye identifies an opportunity in the shares of meat producer Baladi, precisely after the drop it suffered following the split from Shufersal. What is behind the recommendation, and why does the investment house believe the market overreacted?

Selling shares after moving between countries can lead to complex tax consequences. The Israeli Tax Authority considers not only the exit date but the entire history of asset ownership, including periods of residency and tax exemptions.

A major fintech deal: Nayax is acquiring smart parking company IPS Group for $350 million in cash. The transaction, partially financed through a $150 million debt raise, will expand Nayax's potential market by $85 billion. CEO Yair Nechmad: "We will offer cities a unified platform."

According to the Ministry of Finance's chief economist, the economic cost of reserve duty has surged: about 39,000 shekels per month for men aged 22–30, and about 68,000 shekels for those aged 31–39.

Keystone CEO Navot Bar stated that the Egged IPO is planned for 2027: "It is already in the works." The infrastructure company raised its 2030 equity target by 50% to 6 billion shekels.

The Keystone fund, which previously competed to acquire Shikun & Binui Energy, has reported strong financial results: a 71% jump in return on equity and an investment portfolio exceeding 4.7 billion shekels. What does this mean for investors and pension funds?

Following claims of a significant drop in apartment prices, Tidhar CEO Ori Levin analyzed the expected market recovery based on reports showing increased revenue and sales. It has been revealed that employees and former staff received tens of millions in bonuses.

Energy Minister Eli Cohen and Mayor Yair Shtebon signed an agreement to connect the city to the central Gush Dan wastewater treatment system. The move is intended to remove an infrastructure barrier ahead of the construction of about 12,000 housing units and an increase in the population to more than 50,000 residents.

Yesodot Eitanim Urban Renewal and the Savionim Group have won a residents' tender on Ben Gurion Street in Kiryat Bialik. The project involves replacing 18 old apartments with 90 new units across two modern buildings.

The Competition Authority intends to declare Carmel Winery a monopoly in the grape juice and Kiddush wine market. The company has agreed to comply with major supplier regulations pending a Supreme Court ruling.

After closing hundreds of branches and recording a consistent decline in sales, the fast-food chain Wendy’s is undergoing a major reorganization. Leading the move is a former senior executive at McDonald’s who must return the veteran brand to profitability.

A dramatic forecast by Robert Kiyosaki, author of the book "Rich Dad Poor Dad," bets on crypto and sets an astronomical target for Ethereum, and what about the rest of the currencies in the market? | All the details

Amidst an investigation into allegations of violence, rapper Ofek Adanek has announced additional shows after his first concert sold out within hours.

To combat the high cost of flights, surprise strikes, and heavy congestion, the Ministry of Finance is promoting a plan to entrust the construction and operation of new aviation facilities in Israel to private franchisees.

Even before factoring in delivery fees, service charges, and courier tips, product prices on Wolt appear significantly inflated compared to market rates. C14's daily monitoring highlights the price gap between quick-delivery services and major supermarket chains, illustrating the high cost of using the app for routine purchases.

The drone company controlled by Ronen Elad published weak semi-annual reports and announced its third CEO in a year. The stock has soared by hundreds of percent since the start of the year on the back of big names like Yossi Cohen, but the gap between ambitious forecasts and actual performance is only growing.

A 156 sqm garden apartment with a 170 sqm private garden was sold on Jabotinsky Street at a record price. MyTown CEO Yossi Hasson stated that such a transaction confirms the success of the company's concept in creating premium assets.

Israel Shipyards reported a 21.6% increase in quarterly revenue to 428.5 million shekels. Net profit jumped 22-fold to 15.6 million shekels, driven by strong performance in the shipyard and port sectors.

Alongside strong financial reports, the insurance company Menora Mivtachim is the first to officially raise its targets. The company earned 785 million shekels in the second quarter with a return on equity of 34%, higher than other insurance companies. It projects assets under management of 750 billion shekels by 2030, a 73% jump compared to the end of last year, a similar jump in profit to 3...

Smart Shooter summarizes an exceptionally strong first half of 2026: revenues grew by approximately 27.3% to about 16.3 million dollars, the order backlog jumped to 51.6 million dollars, and the adjusted net profit shifted from a loss to a profit of 1.5 million dollars. CEO Michal Mor: "Demand is increasing"

After her appointment as CEO of an insurance company was canceled at the last moment, Israeli entrepreneur Eti Elishakov decided to risk all her family assets to build an empire from scratch. Now she is marking her next goal.

The infrastructure and construction giant concludes an exceptionally strong quarter with revenue of about 4 billion shekels and presents an unprecedented figure in its backlog for the rest of the year. It will distribute dividends in the amount of tens of millions of shekels.

The infrastructure fund Keystone is initiating the IPO process for Egged, targeting an 8 billion shekel valuation. Meanwhile, the fund reported a 77% decline in net profit for the second quarter of 2026, down to 32 million shekels.

Menora Mivtachim concluded the second quarter with a total profit of 785 million shekels, a 10% increase compared to the same period last year. The company's return on equity rose to 24.7%.

Gardos, former head of the Budget Department at the Ministry of Finance, will join Shapir Engineering as a senior executive and will be appointed head of the Finance and Business Development Division. Yesterday, Shapir published its second-quarter reports, with revenues jumping by approximately 21% to about 1.7 billion shekels; a special improvement was recorded in the real estate sector.

Rami Levy is launching new limited-time promotions and offering the most sought-after products in Israel, including favorite food and cleaning brands, at prices not exceeding 10 shekels, which will cut your shopping basket expenses.

Total profit for the half-year rose 13% to 1.25 billion shekels, adjusted profit jumped 26%, and the group distributed half a billion shekels in dividends and immediately announced another half a billion. Behind the numbers lies a new growth engine - credit - and a first perfect rating. What does all this mean for your pension savings?

The Tel Aviv Stock Exchange is launching an app that will display real-time securities prices and provide data on movements by investor type, including "smart money."

XPeng's humanoid robot division, Dogotix, has raised over $900 million in its first funding round. The investment gives the company a post-money valuation of more than $6.3 billion.

The oil and gas exploration partnership Navitas recorded a sharp jump in revenues in the second quarter of 2026, following the start of full production at its flagship project - the Shenandoah reservoir in the Gulf of Mexico. Net profit stood at $77 million, compared to a loss of $56 million in the same quarter last year.

Phoenix concluded the second quarter of 2026 with a total profit of 908 million shekels, a 5% decrease year-on-year. Despite a decline in insurance core profits, the company saw significant growth in investment management and consumer credit activities.

Zanlahl reported a net profit of 26 million shekels for the first half of 2026. Growth in the dairy sector offset the impact of imports in the vegetable segment, enabling the company to announce dividend distributions.

The core profit of Phoenix grew 10% above expectations, asset management activity jumped 36%, and the company is returning 62% of the half-year profits to shareholders. Phoenix is also increasing its share buyback program and announces that it will update its 2028 targets upwards.

Jump in net profit: Electra concludes the quarter with revenues of 4 billion shekels and a 60% jump in profit to 109 million. The growth was supported by a sharp increase in the infrastructure, real estate, and concession sectors in Israel, which offset the erosion in overseas operations. The company will distribute a dividend of 41 million shekels against the backdrop of winning mega-projects and...

Ethereum recorded a weekly jump of 30%, while Bitmine purchased another 32,447 coins. Is this the beginning of a crypto "summer" or just an unusual week in the markets?

A single Israel Land Authority tender for land to build apartments in Ness Ziona has concluded, with a bid that reflects a discount of about 18% on the land. Who are the winning companies, how much does the land cost, and why housing prices cannot really drop in this area.

Increase in core profits and growth in assets under management: Phoenix concludes the first half of 2026 with a total profit of 1.57 billion shekels and an increase in business targets. Excellence Trade crossed the 100,000 client threshold. The company will distribute a 400 million shekel dividend and increase its share buyback program.

Trading on the local stock exchange will open against the backdrop of global pressure in the chip sector. The Ministry of Finance's move failed and US bond yields are not falling - is there a fear of a recurring crisis? The trade war between the US and Canada is deteriorating to new heights. Also: the biotech sector is accelerating following Moderna's surge. Globes organizes the order ahead of the...