Economy

The New York Stock Exchange evaluated Avalanche blockchain technology for a year to support tokenized securities trading, while exploring multiple infrastructure partners.

Forbes weekly billionaire rankings reveal Elon Musk leading at $984.1 billion, followed by Jeff Bezos surging to $370.9 billion after a historic single-day gain.

The Israeli second-hand real estate market is seeing steep price drops for apartments lacking safe rooms, while cities like Harish experience a surprising sales boom due to affordable prices and secure housing.

Eyal Ofer leads Israel's wealthiest list with $34.8 billion, while his brother Idan Ofer surpassed Miriam Adelson to secure second place with $32.2 billion.

The University of Michigan's US consumer sentiment index plummeted to historic lows, reflecting a persistent gap between public mood and strong economic indicators.

Popular squishy toys have triggered over 11,500 US poison control center reports since 2024, exposing severe safety gaps, burn risks, and regulatory challenges.

OpenAI projects 287 billion dollars in cash burn between 2026 and 2030, driven by massive investments in computing power and infrastructure as it targets 350 billion dollars in annual revenue by the end of the decade.

Cloud provider Nscale files for an NYSE IPO under ticker NSCL, reporting a $1.02 billion net loss on $140.6 million in revenue for the first half of 2026 amid surging AI infrastructure demand.

A 4-room house in Sderot recently sold for 1.5 million NIS as the southern city experiences surging demand, drawing high-tech workers and families amid ongoing regional development.

Israeli 3D printer maker Stratasys won approximately $27.6 million in a Texas patent infringement lawsuit against Chinese rival Bambu Lab.

Private investigator Tzvika Naveh filed lawsuits totaling 3 million shekels against businessman Alex Sklar and transport firms over a massive public defamation campaign.

Kylian Mbappé leaves Nike to join Swiss brand On, acquiring equity and helping launch the company's first-ever line of football boots in a landmark sports industry deal.

Nestle is considering all options after Russian President Vladimir Putin signed a decree to seize the food giant's local business, making it the latest Western company targeted by the Kremlin.

House Padel at BIG FASHION Glilot reached 97% occupancy and over 700,000 NIS in revenue within its first month, setting a domestic industry record.

Warren Buffett, 96, is stepping down immediately as chairman of Berkshire Hathaway after leading the trillion-dollar conglomerate since 1965. His son Howard Buffett will succeed him.

An Israeli court ordered a client to pay 30,000 shekels in legal fees to a medical rights firm after he secured a 91% disability rating and tax exemption but refused to pay.

Madlan has launched "Madlan AI", a new conversational real estate assistant allowing users to search apartments, neighborhoods, and urban planning data using natural language queries.

Bravo! Italian Kitchen closed its Knoxville branch following its parent company's Chapter 11 bankruptcy filing, revealing over $50 million in liabilities and unpaid debts.

xStocks bridge traditional capital markets and blockchain by tokenizing major equities like Apple, Nvidia, and SpaceX, offering 24/7 trading and fractional ownership.

Mercari shares recovered after dropping due to temporary Pokémon anniversary listing restrictions. The global collectibles market continues to surge with record card prices.

Polish energy giant Orlen lost hundreds of millions of dollars in a failed Venezuelan oil deal involving Dubai intermediaries and USDT crypto payments, sparking a criminal investigation.

Zhang Yiming, founder of ByteDance and TikTok, became Asia's richest person with a net worth surpassing $105 billion, overtaking Indian tycoon Gautam Adani amid a massive AI-driven wealth surge.

A shortened workweek ahead of Yom Kippur and Sukkot threatens temporary localized shortages of fresh dairy, eggs, and poultry in Israeli retail chains, prompting preemptive supply management.

Recent real estate transactions across Israel highlight stark price contrasts, with a Tel Aviv rooftop duplex fetching 3.17 million NIS while apartments in Beersheba and Haifa sell for under 700,000 NIS.

A Kfar Saba court ordered four apartment buyers in Hod HaSharon to pay 1.14 million NIS to a developer for illegally opposing a duplex split, causing a 67-month delivery delay.

The Tel Aviv Regional Labor Court dismissed a petition by Interior Ministry official Moshe Mor Yosef against his disqualification from heading the Matnasim Company, ordering him to pay 15,000 shekels in legal costs.

Grayscale's head of research Zach Pandl suggests Bitcoin has hit its cycle bottom at around $76,000, giving clients a green light for digital asset allocation.

Yellin Lapidot recorded a monthly record of client departures with 2.2 billion shekels in negative transfers in August, matching Altshuler Shaham amid weak yields.

The Bank of Japan raised its benchmark interest rate to 1.25%, its highest level since 1995, amid inflation pressures and a historic weak yen, defying political preferences.

Israel's real estate market has shifted from a seller's to a buyer's market, forcing developers to abandon price-hike slogans in favor of product value, transparency, and advanced technologies.

Israeli developer Esty Cohen created a customized AI financial assistant inside WhatsApp to help her large family manage household budgets and reduce daily financial stress without complex apps.

An analysis of Israeli real estate investments in Greece, Cyprus, and Portugal reveals surging prices driven by foreign buyers, housing deficits, and shifting market trends.

Israel's National Insurance Institute outlines September 2026 benefit payment schedules and advances due to the holidays. Child and long-term allowances are adjusted, while average payouts rose by up to 2.64%.

The "15-minute city" concept is transforming urban planning in Israel, aiming to reduce car dependency by integrating housing, work, and services within a short walk.

Bitcorp Capital has partnered with CRYMBO Technologies to launch a white-label digital asset financial system within 90 days, led by figures including Yohanan Danino and Reuven Rivlin.

Ben Shalom has demolished 12 old apartments on Yesod HaMa'ala Street in Hod HaSharon to build 36 new units across two 8-story buildings in a major urban renewal project.

Following a decade of negotiations, the Israel Police and Ministry of Finance agreed on significant wage and pension improvements for various police units, including Judea and Samaria Border Police and crime investigators.

Bank Leumi extends its Tailor Made market-making program on the Tel Aviv Stock Exchange by a year following strong liquidity gains and a 50% surge in daily trading volume.

Serbian President Aleksandar Vučić inaugurated a joint Israeli drone assembly plant on Thursday, securing key technology transfers and local manufacturing capabilities.

Data from the Phoenix Gamma index reveals that last-minute Rosh Hashanah shopping drove sharp increases in Israeli retail, led by an 82% surge in nurseries and an 18% jump in fashion sales.