Economy
Despite rising tension with Iran: J.P. Morgan expects interest rate cut in Israel in September
Despite geopolitical tensions, J.P. Morgan analysts forecast a Bank of Israel interest rate cut in September. The bank argues that the Israeli economy remains resilient against oil-related shocks.
After declines in Asia: gains in Europe and in Wall Street futures
In early trading, Intel is surging following a stronger-than-expected revenue forecast, while most semiconductor stocks are trading lower. The price of gold is climbing moderately, oil is falling. The USA will impose tariffs of 10%-12.5% on imports from most of its major trading partners. The "Magnificent Seven" group recorded its sharpest day of declines since the tariff turmoil in April 2025.
Ofer Yanai is firing in all directions: adding institutional investors and pushing for power station acquisition
Since the beginning of the week, Yanai has added former El Al CEO Dina Ben-Tal Ganancia as an external director, entered negotiations with Meitav for an investment in Nofar Israel and with Migdal Insurance for an investment in Nofar Europe, and attempted to purchase shares in the Reindeer power station from Phoenix and other investors.
Intel's results prove: It doesn't pay to bet against Trump
Intel's stock has become one of the fastest-growing tech stocks of the past year, jumping by about 326% and crossing a market cap of half a billion dollars, its highest ever. This mirrors Alphabet's reports from yesterday, which showed that software and cloud giants are only increasing their commitment to purchasing chips.
TA closed with gains and concludes a green week; defense stocks jumped by 3.5% today
The TA-35 index rose by 0.6%, TA-125 climbed by 0.4%. In the defense sector, Next Vision strengthened by 6.3%, while Elbit Systems and Arit Industries rose by 3.9%.
The shekel strengthens after the tariff decision: the dollar is below 3.06 shekels
The shekel saw a slight rise following President Donald Trump's decision to impose new tariffs, which also affect Israel. The dollar fell by 0.6%, trading at 3.054 shekels.
The important economic reforms that were torpedoed – and the weekly victim of the AI revolution
The Ministry of Finance is furious over the rejection of structural reforms like the Metropolitan Authorities Law. Monday cuts 20% of its workforce, the online money laundering industry is luring young people, Supergas will pay 36 million shekels in compensation, and the cottage cheese shortage highlights a broader issue of factory shutdowns due to a lack of foreign technicians.
Five things to know ahead of the opening of trading on the stock exchange
Trading in Tel Aviv will open this morning against the backdrop of the escalation between the USA and Iran. Key highlights: sharp declines in Asia, the expiration of the Generation fund's exclusivity deal with Shikun & Binui, and new tariffs imposed by Trump.
Mixed closing on Wall Street: oil lost height, Intel fell by almost 8%
Wall Street indices closed with mixed results: the Dow Jones index rose by 0.5%, the S&P 500 index rose by less than 0.1%, and the Nasdaq index fell by 0.6%. Brent crude oil fell by 3.1% to $97.6 per barrel.
This is the most worthwhile tax benefit. Here is how to enjoy it twice
Tax benefits on deposits and a full exemption from capital gains tax after six years make Keren Hishtalmut the ultimate savings product. Despite the annual deposit ceiling, some can enjoy the benefit twice: how does combining employment as an employee with self-employed activity allow holding two funds simultaneously? Retirement experts answer critical questions about retiring in a new column.