Economy

The retail giant reported a successful second quarter with a 24% jump in US online sales and total revenue of $187.9 billion. The company's CEO noted that customers choose Walmart for its combination of price, speed, and convenience.

The Fireman Hospitality group, operator of iconic Manhattan restaurants, has filed for bankruptcy protection. This marks the largest crisis in New York City's restaurant industry since 2020.

Bituach Yashir concluded the second quarter with a 38% increase in insurance service profits, despite a 6% decline in revenues. The improved profitability is attributed to portfolio optimization and operational efficiency.

The approval of the law to expand the powers of the Subcommittee for National Housing marks a revolution in Israel's housing market: more apartments, fewer barriers, and a shorter path from plans on paper to actual construction.

Geshem Holdings reported on the advancement of a 488-apartment project in Migdal HaEmek. The Israel Land Authority is launching a reform to shorten appraisal objection procedures. Additionally, Azorim Living will purchase 26 apartments in Jerusalem for long-term rental for approximately 76 million shekels.

Walmart stock is plummeting in pre-market trading in New York following the release of its financial reports. The company beat forecasts in both revenue and, most importantly, net profit, where the positive surprise stood at nearly 10%. However, what disappointed investors was the growth in traditional sales compared to expectations, which is sending the stock down by up to 6% in pre-market...

The legendary judge of "MasterChef" speaks candidly about the big money behind the scenes, the pressure to land campaigns, how she plans her next business empire, and her past financial situation: "I am talking about a livelihood" | All the details

Alongside the geopolitical confrontation between Washington and Tehran, a "pistachio war" is unfolding, complicated by the climate crisis. Water scarcity and extreme weather conditions are becoming critical risk factors for investors.

The surprise strike at Ben Gurion Airport turns the spotlight on the powerful union chairman who has held the position for four decades and is effectively closing the skies, not for the first time.

The shekel-dollar exchange rate daily impacts decisions on industrial investment in Israel. The government should adjust tax policy to incentivize domestic production, not just exports.

The Bitcoin currency showed a significant jump of 4% to a value of more than 71 thousand dollars. Experts estimate that investors should prepare themselves for a move toward 100 thousand dollars by the end of the year.

As part of the "Everything you need for the holiday" campaign, Israel's largest pharmacy chain is launching promotions on large appliances, furniture, and home equipment until the end of August and September. For example, a set of chairs is being sold at a discount of over 50%.

Efi Capital Real Estate reports its financial results for the first half of 2026. The company reports that it has sold 379 apartments since the beginning of the year and is active in various projects totaling approximately 9,475 housing units in 20 cities across the country.

Ahead of the return to school, the extracurricular season is opening. Prices for classes range from 180 to 400 shekels per month, while extreme sports like surfing can reach 1,650 shekels. Ninja and acrobatics are in peak demand, alongside a new wave of artificial intelligence, drone, and gaming classes. The Association of Community Centers (Matnasim) states that prices remain under full...

Food importer Neto Melinda concluded the second quarter of 2026 with an 8.6% increase in revenue to 1.3 billion shekels, but net profit fell by 12.5% to 44.3 million shekels.

In an investor call following the publication of Electra Consumer Products' second-quarter reports, CEO Zvika Schwimmer said: "The 'Basket of the Country' brought new customers to the chain, but hurt revenues." The company's management is now examining whether the additional traffic generated by the promotion justifies the financial damage, or if it is better to end participation at the end of the...

Doral summarized the second quarter of 2026 with accelerated growth in its US operations and an expanded project backlog. Consequently, the company has revised its 2027 revenue forecast upwards to 1.95 billion shekels.

The defense company controlled by the FIMI fund has moved from net debt to a financial surplus of 112 million shekels and holds an order backlog of 2.4 billion shekels. But the security moderation in the region poses a question: what will happen to demand when the arena calms down?

The two Israeli banks acting as intermediaries for the Palestinian banking system are expected to postpone the cessation of operations by several months, Globes has learned. This comes at the request of the Bank of Israel, with the goal of finding a permanent solution to prevent chaos.

Getting out of bed, making coffee, and opening the computer sounds like a recipe for laziness. And yet, more and more people are discovering that the days they work from home are actually the days they manage to get into a rhythm, focus, and check off their tasks. So why might we be more productive at home?

The CEO of the chain and daughter of Rami Levy in a candid interview about the upbringing she received at home, the difficult economic reality of many families, and how all this affects the management of the retail empire: "People are not measured by what they have" | All the details

Construction company I.H. Damri increased apartment sales, but rising financing costs and margin erosion led to a decline in net profit. We analyze the company's Q2 2026 financial results.

Strauss CEO Shai Babad boasted of profits in the hundreds of millions of shekels, but consumers are outraged by price hikes while global raw material costs are plummeting, and a public lobby organization is promoting action.

The investment house of the Harel Group is expanding into the alternative sector and is acquiring 50.1% of the shares of a hedge fund management company that manages hundreds of millions of shekels. Who are the former managers behind the deal?

Y.H. Dimri released its second-quarter 2026 reports, highlighting challenges in its Sde Dov flagship project. Only 40 out of 455 units have been sold to date, leading the company to lower its price-per-square-meter forecast.

Oron Nadlan and Midar have secured the necessary majority of apartment owners to advance a Pinui-Binui project in Jerusalem's Kiryat Menachem neighborhood. The plan involves replacing 84 existing units with 400 new ones.

The Shufersal chain has signed a commercial agreement with LEGO, under which the brand's products will be sold starting today in about 90 branches across the country and via Shufersal Online. This move allows Shufersal to expand sales beyond groceries using a high-demand brand, while LEGO gains an immediate, significant increase in its retail footprint in Israel.

The Victory supermarket chain reported a 4% revenue decline in the second quarter of 2026, totaling 635 million shekels. Despite the drop in revenue, net profit rose by 10% due to the sale of a branch in Netanya.

One Zero bank reported its financial results for the first half of 2026, showing a 27% reduction in losses to 84 million shekels. Revenue growth was driven primarily by increased client activity in the securities market.

How many times have you seen a "sale" label and assumed it was the lowest price available? We analyzed Wolt's "duty-free" home product offers and found that in many cases, the same items are available elsewhere for significantly less, despite the 18% VAT exemption.

Rapper Riley's songs praised the restaurant where he worked, but management claimed they violated policies prohibiting filming content at the workplace. Riley noted that despite the firing, he "loves Waffle House" and is open to future collaborations with the chain.

The Central Elections Committee is recruiting approximately 100,000 staff members for the upcoming election day on October 27. Various roles are available with salaries reaching up to 3,000 NIS and a 18% tax rate. While polling station secretary positions are filled, other roles remain open for applicants.

The Sderot-based fuse manufacturer is set to distribute profits from the sale of shares in its subsidiary to shareholders, following a weak quarter in which it reported a 36% decline in revenue and an 85% drop in net profit. The stock is falling sharply in Tel Aviv trading.

While the dollar weakens against the shekel, another leading currency is recording an unusual strengthening of more than 3%, creating a surprising offsetting mechanism that directly affects investors and savers in Israel.

Following rumors of a relationship with a TV star living in his building, the popular singer has completed a dramatic real estate expansion, boosting his property value to approximately 20 million shekels.

Ofer Yanai's energy company summarizes the half-year with project revenues of approximately 665 million shekels, more than double the corresponding period. Nofar forecasts aggregate revenues of approximately 6.4 billion shekels in a representative year from yielding, under-construction, and pre-construction projects, but recorded a bottom-line loss of approximately 60 million shekels.

The Rami Levy chain continues to surprise with home and garden products that won't break the bank. A comfortable recliner chair for the living room for only 399.90 shekels, a huge trash can on legs, and news for meat lovers | All the details on the new promotions

Garden County Health Services in the USA has filed for bankruptcy following financial difficulties. CEO Sam Pennington reassured that medical services will continue without interruption.

The supermarket chain concludes the first half of 2026 with a 150% jump in net profit and reveals the new and surprising growth engine that includes the sale of iPhones and electrical appliances.

Novolog released its Q2 2026 results following a management overhaul and the consolidation of the Pozis family's control. Net profit dropped to 541,000 shekels from 4.6 million shekels in the same quarter last year, driven by higher financing expenses.