Economy

The Capital Markets Authority has published a draft regulation imposing anti-money laundering and counter-terror financing requirements on Gemach institutions, aligning them with international FATF standards.

Errors in AI implementation and a lack of oversight have led to multi-million dollar unplanned expenses at Amazon. Employees' indiscriminate use of AI models caused a significant spike in token consumption costs.

Hailo and StreamElements, which raised a combined total of about half a billion dollars, were recently sold in fire sales. This reflects the collapse of the "growth at any cost" model in the Israeli high-tech sector.

In this week's Globes review, we analyze the performance of Israeli stocks on Wall Street. Cybersecurity weakness wiped $1.3 billion off Check Point's valuation, Radcom shares plunged 20% following a guidance cut, and a failed clinical trial sent Karyopharm to an all-time low.

The last trading week on the Tel Aviv Stock Exchange saw sharp contrasts as Teva jumped 13.47%, while chip manufacturers Tower and Nova suffered significant losses amid market volatility.

The Jerusalem District Court has ordered the commencement of insolvency proceedings against M. MastiX Ltd. The company allegedly accumulated approximately 1.27 million shekels in unpaid municipal property taxes and sewage fees.

While SpaceX shares fell far below the offering price, American members of Congress began to take positions instead. Some of them sit on committees that directly oversee the company’s business — raising familiar questions on Wall Street. But is this a sign that a turnaround in the stock is on the way?

End of an era in the aviation world: The successful company that manufactured heat shields for NASA and built systems for Boeing and Airbus has filed for bankruptcy protection due to massive debts and consecutive contract cancellations.

US President Donald Trump is actively increasing the state's stake in private companies, turning budget grants into equity investments. The portfolio now includes 30 companies, including Intel and GlobalFoundries.

The interest rate decision in the US led to a wave of rumors and fears of runaway inflation. Why should the giant collapse in South Korea worry us all, and how will the tensions with Iran and oil prices affect everyone's pockets?

Even investors who have never directly purchased leading tech stocks are affected by the current turmoil. Fund managers explain the boomerang effect that is now threatening the public's investment portfolios.

The trading week opens on a calmer note following the cancellation of the expected attack on Iran. The reduction in geopolitical tension may support the stock market, particularly in sectors sensitive to instability.

Leopold Aschenbrenner, a former OpenAI researcher, grew his hedge fund to a peak of $45 billion in assets, but a recent market downturn has forced a massive sell-off of his holdings.

The inclusion of rocket engine manufacturer Tomer in IPO discussions alongside Rafael and IAI reflects the urgent pressure on defense industries to expand production capacity to meet the demands of prolonged warfare.

The Pozis family, controlling shareholders of Novolog, has accused the board of directors of attempting to entrench power through a 100 million shekel investment deal with the Movement group, sparking a corporate power struggle.

BLenergy, the energy division of the Blilius family, has secured Clal Insurance as a strategic partner. The 250 million shekel investment will focus on expanding energy storage projects across Europe.

Criminal incidents at Japanica branches have coincided with a peak in investment interest in the Israeli restaurant sector. Experts are debating whether market fears are justified and if the growth potential remains for other chains preparing for IPOs.

Prime Energy has signed a framework agreement with Delek Nasim to build server farms at gas stations. This strategy allows the company to bypass power grid connection bottlenecks and pursue an ambitious expansion plan despite recent regulatory restrictions.

After a period in second place, Miriam Adelson records an impressive jump in her wealth and returns to first place at the expense of Eyal Ofer. While Idan Ofer records losses, the Bukhman brothers maintain stability in fourth place.

Partner has been selected by the Electra group to build and operate the communications infrastructure for the Gush Dan congestion charge project, set to launch in 2028. The company estimates that the agreement will generate tens of millions of shekels in revenue over the two-decade operating period.

A Wall Street Journal investigation reveals that viral videos showcasing massive winnings on Polymarket are staged. The company paid students to execute dummy transactions on fake websites to attract users.

Federal Reserve Chairman Kevin Warsh is considering reducing the number of FOMC meetings where monetary policy is determined. This move would mark a significant shift in the bank's management and transparency.

The US and Japan took coordinated action to support the yen, strengthening the Japanese currency by over 1%. This marks the first joint intervention by Washington and Tokyo in nearly 30 years.

The AI-focused hedge fund Situational Awareness, managed by 25-year-old Leopold Aschenbrenner, has collapsed. Assets under management plummeted from $45 billion to approximately $10 billion.

British Petroleum (BP) is putting its North Sea business up for sale, ending 60 years of oil production in the region. The decision is part of the company's strategy to downsize and focus its investment portfolio.

The success of "The Odyssey" will bring Syncopy over $130 million, proving the effectiveness of the new business model developed by Christopher Nolan and Emma Thomas. The director has transformed blockbuster production into a lean, highly efficient process that eliminates personal financial risk.

ExxonMobil and Chevron, the two largest US oil companies, reported massive second-quarter profits following a surge in global oil prices driven by the war between the US and Iran.

The price of a McDonald's Big Mac in Israel rose from 20 to 23 shekels at the start of the year, which, combined with the strengthening of the shekel, pushed the country to second place in The Economist's index. However, the ranking reflects currency fluctuations and corporate pricing rather than just the overall cost of living.

Wall Street futures point to a recovery led by Amazon and Microsoft earnings. South Korea's KOSPI index recorded a historic 17.9% surge.

The Tel Aviv Stock Exchange closed its doors today with impressive gains in the two flagship indices. Wisur Globaltech is the big winner of the day while Opko Health is on the other side of today's losers.

The engine component manufacturer that worked with NASA, Airbus, and Boeing has fallen into crisis following the cancellation of major contracts. The company is seeking creditor protection in hopes of continuing operations.

Energy giant Shell is selling its 35% stake in the Aphrodite gas field in Cyprus to the Hungarian energy company MOL Group. The deal is valued at up to $720 million.

The energy company Shell is leaving the Aphrodite gas reservoir and selling its holdings to the MOL Group in a deal that reflects a valuation of over two billion dollars for the reservoir. All gas produced is intended for export to Egypt.

July in global stock markets was characterized by sharp declines led by technology stocks, particularly the chip sector, which plummeted by a double-digit rate. Concerns over an AI bubble were compounded by Middle East escalation and rising oil prices.

A bus company prepares to acquire a competitor, US interest rates remain unchanged, and Teva is on track for the S&P 500 — these are the top news stories of the week on Ice.

Satellite company Hughes Network Systems, an EchoStar subsidiary, is preparing to file for bankruptcy. The move follows a massive $1.5 billion debt repayment deadline due on August 1.

Trading in the local foreign exchange market is taking place with slight movements against the backdrop of political developments in the Gaza Strip. Investors are monitoring the disarmament plan for Hamas announced by US President Donald Trump.

Equity and general investment tracks ended the month with negative returns of 0.9% and 0.5% due to market volatility. Despite declines in the US, the S&P 500 track recorded a positive return of 2.4% thanks to the strengthening of the shekel.

Tel Aviv trading is set to open amid falling oil prices and a Saudi maritime security initiative. Asian markets are rising, led by the KOSPI and chip stocks. Wall Street saw a 17% surge in Microsoft and a chip rally. Tech giants reported: Amazon jumped 8%, while Apple fell in after-hours trading. The Bank of Japan kept interest rates unchanged. Ed Yardeni: "The Dow theory remains bullish." Globes...

Most Asian stock exchanges are recording gains following the positive trend on Wall Street. SK Hynix shares are up 25% and Samsung is up 20% following strong reports from major tech companies.