Economy

The credit card club war has cost the companies dearly
Aggressive competition between credit card companies, driven by the battle for the FLY CARD franchise, has led to significant marketing expenses. Isracard and Cal report growth in credit portfolios amid leadership changes.

Buyers paying tens of thousands of shekels to exit off-plan apartment deals
Data from the Ministry of Finance reveals that many buyers canceling apartment deals faced financing difficulties, often having paid nothing prior to cancellation. While sales contracts typically include a 10% penalty, sellers frequently waive the full amount or accept partial compensation.
Shrinkflation at its peak: Price didn't go up? Check how much is left in the package
The world already understands that the problem is not just the price, but the consumer's ability to understand what they are getting in return. Manufacturers, for their part, identify a growing demand for smaller packages, and in the middle is the consumer, who continues to buy mainly based on price, brand, and memory.

AI victims: 9% increase in the number of unemployed programmers in Israel
The number of job seekers who are software developers and application analysts has risen over the last two months by 9%, from 7,950 in May to 8,650 in July, according to the Employment Service.

"Summer layoffs" and the cities with the lowest number of job seekers
Employment Service data for July: the number of job seekers rose by about 4.6 thousand to about 173.5 thousand - but the increase is mostly explained by the seasonal phenomenon of "summer layoffs", mainly education workers, women, and the Haredi society. At the same time, the trend of job seekers actually continued to decline and the demand for workers strengthened: about 150 thousand job...

Rami Levy Stock slashes prices: popular hair care appliances for as low as 29.90 NIS
The retail giant's stock chain is offering unprecedented prices on a sought-after home appliance category, drawing significant customer interest to their branches.

Profit of over one million shekels on a 'Mehir LeMishtaken' apartment in Lod
The apartment, in a building occupied eight years ago, was sold for 2.2 million shekels. 5-room apartments in the project were sold in 2016 for an average of 910 thousand shekels.

60-year-old company in crisis: founder's grandson wins power struggle and ousts the board
The short power struggle at the medical services company Novolog has turned the spotlight on the battered stock, which lost 76% of its value at its peak, and on the successful entrepreneur who brought it to the stock exchange but prefers to operate under the radar. What went wrong in Novolog's success story, and can it get back on the path to success after the Pozis family's renewed takeover and...

Between modern chivalry and show-off: The billionaires' new toy
Jeff Bezos poured billions into Liverpool, Joshua Kushner and Bob Iger put an unimaginable sum on the Lakers. True, it is also a cold economic calculation, but the people who are making our world increasingly technological have discovered one of the few assets that even artificial intelligence cannot replace: loyalty to sports teams. Oh, yes, and there is also the matter of show-off.

The Israeli entrepreneur's stock soared by 200%, and Bank of America is certain: "This is not the end"
The cloud company founded by Israeli-Russian entrepreneur Arkady Volozh published quarterly results that beat forecasts, and the American bank maintains a buy recommendation. The stock has already jumped over 200% since the beginning of the year, but analysts are convinced there is still room to grow.

What really moves the stock and where is the most important data? A guide to navigating the earnings season
Once every three months, public companies publish their financial results, flooding investors with hundreds of pages of data. How do you know which indicators matter, when can the bottom line be misleading, and why do even phenomenal results sometimes cause a stock to plummet? Globes sorts it out.

Money Market Fund Rankings: The entity dominating the sector and is it worth choosing?
Four of the five leading funds in terms of year-to-date yield belong to one investment house. However, is the market leader always the best choice, or should investors look closer at management fees? We analyze how to select a money market fund.

Crypto Weekly: Market trends and performance of leading assets
Over the past week, Bitcoin fell by 2.62%, Ethereum declined by 1.79%, while BNB saw a gain of 3.32%. Here is the weekly report on the market capitalization of leading cryptocurrencies.

Ranking of Israel's wealthiest: Eyal Ofer maintains his lead
The ranking of Israel's wealthiest shows fluctuations at the top of the economy. While Eyal Ofer and Miriam Adelson lost $200 million each, Idan Ofer increased his wealth. The Federmann family suffered the most significant losses.

Towns where apartments with parking and a MAMAD sell for 1.2 million shekels
Housing prices in the south remain relatively low, but there are towns closer to the center where you can find apartments with a MAMAD for 1 to 1.5 million shekels. Also: where to find a 3-room apartment for around a million shekels.

Bitcoin recovers, positive trend in the market: daily crypto update
The crypto market is experiencing a positive trend, as Bitcoin rose by 0.13%, its market cap stands at 1.26 trillion dollars, and it is trading at a price of 63,086.2 dollars. These are the coins that surprised investors | Daily crypto update

The Palestinian Authority's economic deadlock: "Officials fear being implicated in terror financing"
Discount and Hapoalim banks have announced they will cease providing services to the Palestinian Authority, but the state-owned company intended to replace them has not yet been established. As learned, there is significant difficulty in staffing the board of directors due to fears of legal and international exposure regarding the Palestinian banking system's alleged involvement in terror...

America's Mortgage King Lost $600 Million and Needed a Bailout
Billionaire Mat Ishbia is in trouble following a failed takeover attempt and poorly timed interest rate bets.

Changing the engine: The interest rate party is ending, but banks are still managing to profit
The Israeli banking sector is entering a new macroeconomic environment where falling interest rates and moderating inflation make profit generation more challenging, yet major banks continue to report strong financial results.

Precisely during wartime: Inflation at a low
In July, the consumer price index rose by 0.3%, bringing annual inflation down to 1.5%—the lowest rate since May 2021. The Israeli economy demonstrates resilience, not generating inflation despite the ongoing war.
$12.5 Billion in 72 Hours: Joshua Kushner Acquires the Los Angeles Lakers
Joshua Kushner, the younger brother of Jared Kushner, has acquired the Los Angeles Lakers in a $12.5 billion deal. Having built his fortune through technology investments, he is now entering the sports arena.

Pressing the big button? The mistake in the bathroom that costs you hundreds of shekels
Toilet flushing accounts for about 35% of our household water consumption. Most of us act on autopilot and press the big button every time we flush. This innocent habit costs us hundreds of shekels a year. From checking standards to the simple trick that will help you get organized.

Abel's Berkshire storms Alphabet: increased holding by 83%
Berkshire Hathaway sharply increased its holdings in Alphabet during the last quarter. Greg Abel, who replaced Warren Buffett as CEO at the beginning of the year, increased Berkshire's holdings in Alphabet by 83%.

Kiryat Motzkin Apartment Sold for 1.15 Million Shekels
An investment 3-room apartment in Kiryat Motzkin, split into two housing units, was sold for 1.15 million shekels after four months on the market. The property is part of a Pinui-Binui urban renewal project.

Secretive trading giant lost $15 billion in one month
Jane Street, a trading giant operating under the radar with sophisticated algorithms, lost a massive sum in July, much of it from investments in a collapsed AI fund. Despite this, it has recorded enormous revenues since the beginning of the year.
The trend Hailey Bieber started: The official refreshing color of the summer is here | Meital Sharabi
Between the beach and lunch or dinner: how to incorporate turquoise into your summer wardrobe?

Tel Aviv Ranks Among the World's Most Expensive Cities: Deutsche Bank Report
Tel Aviv has secured the third spot in Deutsche Bank's cost of living index, trailing only Zurich and Geneva. While prices for goods and services remain high, data suggests that grocery costs relative to income are comparable to those in New York.

The wage gap in the US: Musk earned an employee's annual salary every 4 seconds
In 2025, Elon Musk earned 2.5 million times more than the average Tesla employee. According to an AFL-CIO report, the income gap between top executives and workers in S&P 500 companies continues to widen significantly.

Investor group including Bezos acquires about a third of Liverpool FC at a valuation of $7.1 billion
An investor group led by Jeff Bezos has become a minority shareholder in Liverpool FC. The deal values the club at $7.1 billion and includes an option for the group to become majority shareholders within 12 months.

Bypassing AI on TikTok: The Gen Z trend that adults can learn from
A study found that nearly half of Gen Z use TikTok and Instagram to find a job. Employers are enthusiastic about the personality and energy of candidates, and experts clarify: "The change in recruitment processes is inevitable."

Renters compromise on apartment quality, and the middle class is abandoning the market
An analysis of apartment indices in the second quarter of 2026 shows that the middle class currently prefers not to buy an apartment, and that renters are turning to rent cheaper and lower-quality apartments. The average price for an apartment purchased during the quarter reached 2.435 million shekels - an all-time high.

After the S&P 500 record: stability in Wall Street futures
Futures are trading with only slight changes. Frankfurt Stock Exchange jumps by about 0.8%. Seoul Stock Exchange jumped by over 2%, supported by Samsung and SK Hynix. Over 90% of S&P 500 companies have published reports for the second quarter, profit growth stands at around 50%.

A ticking bomb in the housing market: Banks have created a wave of cancellations and the state is silent
The Ministry of Finance publishes a pessimistic picture of the housing market, amidst a very positive review for contractors. Why the 90/10 promotions should be stopped and is the era over where you could win an apartment at a discount | Friday column

40% Upside Potential for Nayax: Analysts Point to Exceptional Opportunity
American investment bank KBW has upgraded Nayax stock to "outperform" with a target price of $75 and a 40% upside. Analysts state that recent declines are an overreaction and represent an attractive buying opportunity.

Stock Market Drama: Nice Shares Jump Over 6%
Following a volatile trading day that ended the week with slight index declines, shares of Nice stood out with an impressive rally, while other stocks, including several tech firms, saw significant losses.

Drama in the housing market: New apartment prices rise by 0.9%
After declines earlier this year, new apartment prices are rising again, driven by interest rate cuts and high demand for units with a protected space (Mamad). Meanwhile, the secondary market remains under pressure, with sellers offering discounts of up to 15%. The average apartment price in Israel has crossed the 2.4 million shekel threshold.

Annual inflation rate fell in July to 1.5% - the lowest in five years; slight increase in apartment prices
Annual inflation stands at 1.5%, higher than the forecast. Transport and culture became more expensive, clothing and vegetables became cheaper. Construction inputs: a slight retreat this month, but an annual increase of 3.5% amid rising labor costs. The apartment price index rose by only 0.1%; Jerusalem and Haifa climbed, the Center and Tel Aviv fell.

Renowned restaurant offered for sale following the owner's death
The chef restaurant Amore by Nada in the Druze local council of Hurfeish, which became a destination for meat lovers and travelers in the Galilee, is offered for sale following the founder's passing. The family is looking for someone to continue its path.

The apartment costs 2.5 million shekels — how much will you really pay until you get the keys?
Purchase tax, lawyer fees, brokerage, appraisal, renovation, and moving add 155,000–185,000 shekels above the contract price, and for an additional apartment, the tax alone reaches 200,000 shekels.

Daily Crypto: Negative trend in the market, Bitcoin and Ethereum lose ground
Daily Crypto: Bitcoin fell by 1.32%, while Ethereum weakened by 0.69%. These are the notable changes and market capitalization of the leading coins in the crypto market.