Economy

Israir advances New York summer 2027 ticket sales by two weeks amid high demand, offering over 41 international destinations alongside its extensive seasonal schedule.

Nike shares dropped nearly 10% in pre-market trading on Wall Street after reporting a 4% revenue decline and announcing an extensive restructuring plan.

Stablecoins are transforming global payments and threatening banking stability by enabling rapid capital flight during financial crises, forcing traditional banks to adapt.

Leslie's, the largest U.S. pool supply retail chain, filed for Chapter 11 bankruptcy. The firm will wipe out $685 million in debt, close 76 stores, and secure $150 million in new financing.

The Tel Aviv District Court dismissed an appeal by a company seeking a VAT exemption on a building sale, upholding a 5.67 million shekel tax liability because input tax was previously deducted.

Asian markets fell on Friday while Wall Street futures edged higher ahead of the September jobs report. U.S. 10-year Treasury yields spiked to a 24-year high.

MidOcean Energy announced the successful completion of its 2026 capital raise, securing over $4 billion, far exceeding its original $2 billion target to expand its global LNG portfolio.

Global markets navigate geopolitical tensions and U.S. employment data as Brent crude tops $102. Palo Alto Networks achieves a historic one-trillion-shekel valuation in Tel Aviv.

Mattel shares soared 18.8% following reports that Authentic Brands Group is eyeing a buyout valuing the toy maker above $6 billion. The news comes as CEO Ynon Kreiz steps down.

Swiss bank Lombard Odier reports strong global corporate profits and expects the Fed to limit rate hikes to one or two amid steady 2026 economic momentum.

OpenWeb, a former Israeli unicorn valued at $1.5 billion, has filed for bankruptcy protection with 178 million shekels in liabilities, following leadership battles and a dispute with Microsoft.

A non-profit Israeli retail initiative named HaHishuk is challenging supermarket chains by offering discounted pantry staples and household goods through a warehouse-based model with zero physical stores.

Early investor Alejandro Weinstein sold his 6.8% stake in Israeli defense firm Smart Shooter for NIS 51 million following a massive $150 million Pentagon contract.

Zap analysis shows Israelis use Eilat's VAT exemption to upgrade purchases rather than save, eyeing premium models and brands that cost 16% more on average.

ARK Invest purchased $81 million in Nvidia shares while selling $110 million of AMD stock. Cathie Wood's firm locks in profits after AMD's massive surge.

Turkish authorities have approved interim payouts of up to 1 million liras for investors caught in the country's largest-ever investment fund crisis, providing partial liquidity amid ongoing liquidations.

A Tel Aviv Labor Court ordered the National Insurance Institute to grant a student 12 extra months of professional rehabilitation after finding that severe threats and PTSD constituted special circumstances.

Israeli teachers are divided after a principal used security cameras to monitor staff punctuality. While many condemned the privacy breach, others defended the action as necessary discipline.

The Central District Court ruled that property owners signing combination deals under TAMA 38/2 must pay betterment levies on MAMAD security rooms, overturning a previous exemption.

Altshuler Shaham recorded net outflows of nearly NIS 200 million in September, ending months of strong fundraising as the firm announced a major corporate restructuring and split of its provident and pension operations.

Aya New York signed a $104M refinancing deal with a major U.S. bank, replacing its 292M shekel Israeli bond debt. The firm will repay bondholders in full ahead of schedule to focus on core Manhattan real estate operations.

Preferred shares offer a unique hybrid of equity and debt, but the postponed Nofar Energy issuance highlights structural gaps in the Israeli capital market.

Meta has saved billions using a 1980s tax law for AI data centers, but faces major IRS risks and a historic $16 billion tax dispute.

Flydubai's suspension of Israel flights following a cockpit incident leaves travelers seeking pricey alternatives, as Arkia adds Bangkok flights and plans Dubai routes.

DogeOS has launched a public testnet introducing Ethereum-compatible smart contracts and ZK-rollups to Dogecoin, aiming to expand utility beyond basic payments.

Bank of Israel data for 2026 shows mortgage volumes rising by 10%, driven largely by a sharp jump in average loan sizes rather than an increase in new borrowers.

Attorney General Gali Baharav-Miara approved a fuel excise tax reduction, lowering gasoline prices by 0.50 NIS per liter starting Sunday night after prices hit a record 8.27 NIS.

Roughly 1,000 Diaspora Jews attended a Jerusalem real estate and Aliyah fair amid rising global antisemitism, seeking homes and relocation guidance.

UK 30-year government bond yields surged past the historic 6% threshold, threatening the British economy, as foreign investors offload debt amid persistent inflation and fiscal concerns.

Discover a quick and effective 30-second vinegar trick to remove cloudy mineral buildup from your dishwasher glassware and restore their original shine.

Cognyte Software has secured a one-year contract renewal valued at over $20 million with a Tier-1 national security agency in the EMEA region.

Israeli real estate and construction stocks faced severe declines in July despite falling interest rates. Market uncertainty amid regional tensions and rising financing costs wiped out hundreds of millions of shekels in market value for major developers.

Carmel Tunnels tolls for private vehicles exceeded NIS 12 per section for the first time on Thursday, sparking driver outrage and protests as Haifa Mayor Yona Yahav vowed to fight the hike.

Palo Alto Networks has become the first company in Tel Aviv Stock Exchange history to hit a one-trillion-shekel market cap, driven by surging global demand for AI-powered cybersecurity solutions.

Micron reported a massive Q4 2026 net income of 37.7 billion dollars and revenue of 54.23 billion dollars, fueled by soaring artificial intelligence memory demand.

A 60-year-old Israeli woman is suing Phoenix insurance at the Tel Aviv Magistrates' Court after her health policy was canceled following an autoimmune disease diagnosis.

American insurance broker Aon successfully raised $13.5 billion in a major seven-tranche bond offering, attracting $65 billion in orders for a strategic M&A deal.

Belarusian authorities have approved the registration of the country's first two crypto banks, setting high capital requirements and establishing a dual oversight model.

Afcon Holdings submitted a draft prospectus to the Israel Securities Authority for an initial public offering of its subsidiary, Afcon Renewable Energy, on the Tel Aviv Stock Exchange.

A sharp rise in altcoin deposits on crypto exchanges signals potential selling pressure, even as capital begins shifting from Bitcoin toward specific sectors like DeFi and AI.