Economy

Businessman Marius Nacht continues his massive divestment in Tel Aviv, liquidating two luxury penthouses as part of a strategic shift toward new investment sectors.

New records were set at the Esports World Cup, but the tournament's most impressive achievement was for the digital assets industry. For the first time, crypto giants have become official sponsors of the event.

Despite the slowdown in the residential real estate sector, Africa Israel Residences managed to sell 71 housing units this quarter, with the monetary volume of transactions rising to 248 million shekels.

Since taking the helm at Berkshire Hathaway, Greg Abel has moved quickly to trim the company's consumer stock holdings, including Amazon and Domino's Pizza. However, Coca-Cola remains a core fixture of the portfolio, largely due to its exceptional dividend yield.

Tadiran concluded the second quarter with a net profit of 15 million shekels, reversing last year's loss. Revenue rose by 15.1%, driven by a 34% surge in the energy sector.

New York City Council member Zohran Mamdani has announced his support for a bill requiring Amazon to hire couriers as direct employees. The move aims to curb exploitative employment models in the gig economy.

A couple residing in France purchased an apartment of approximately 50 sq. m in the "Migdal Kramim" project by Moshav in Jerusalem for their daughter, who plans to immigrate to Israel and study at the Hebrew University. Alongside the proximity to family, the buyers explained that the rising antisemitism in France strengthened their desire to hold property in Israel.

A woman from Georgia booked an appointment with a hairdresser and paid a $50 deposit, but the appointment was cancelled at the last minute citing a family emergency - and the money was not refunded. At the time scheduled for the appointment, she found the hairdresser sitting with friends at a restaurant, documented the confrontation, and ordered food and a shot of tequila on her tab.

The partnership controlled by Delek Group reported strong second-quarter 2026 results. The completion of the third pipeline and the INGL underwater section is expected to increase production and export capacity starting next quarter.

The CBS updated the construction input index immediately following the petition filed by the real estate giant at the beginning of 2025, but the weights have not been updated since, and the parties are heading to a Supreme Court hearing at the end of the year. Denya intends to present new evidence and expert opinions, which could cause another jump in the index. What will this do to apartment...

The fashion chain is launching its back-to-school collection and rolling out aggressive promotions in all branches and on the website, with a variety of stationery, shirts for 15 shekels, and designer bags at low prices.

After a heavy loss of tens of millions of shekels last year, the climate and energy giant concludes an exceptionally strong quarter with revenues of over half a billion shekels and an order backlog that continues to double itself.

Revenues in the malls held by Melisron rose by approximately 11% in the second quarter of 2026, following a 5% decline in the previous quarter due to the impact of Operation "Lion's Roar." Since the start of marketing in May, the company has sold 56 apartments in the PARK 51 project in Herzliya.

First International Bank has decided to merge its technology subsidiary, Mataf, into its core operations. The bank aims to enhance efficiency and integrate technological development directly into its banking infrastructure.

Tnuva is relocating its 51%-owned "Rico" pasta factory to the Rehovot dairy complex, following the closure of the "Olivia" spreads plant. The project involves an investment of approximately 30 million shekels.

The cost of living in Iran is breaking records following the military conflict, the naval blockade, and inflation that has crossed the 80% threshold. Facing a sharp drop in purchasing power, companies and businesses in the country are forced to turn to creative marketing methods, selling half-portions, and deferred payments via "buy now, pay later" to survive.

The investment bank gave Leumi a 'buy' recommendation and expects a 24% upside for the stock compared to its closing price yesterday. 'Revenue momentum has improved, the bank's efficiency has reached new record levels, and credit growth has already reached management's targets for the current year,' the economists wrote.

The green energy company concludes a strong quarter in the USA and Europe, but is forced to deal with an impairment of 185 million shekels and is transferring operations to Lithuania.

The Yohananoff chain is slashing prices, offering a wide range of electrical appliances, smart TVs, baby products, and cleaning supplies at significant discounts in its branches.

Bank Leumi has announced a partnership with Galaxy Digital to offer digital asset trading services. The service, integrated into the Leumi Trade app, is expected to launch in early 2027.

25.4 billion shekels have already been accumulated in the "Savings for Every Child" program, and the cumulative profit has reached 3.85 billion. However, 37% of parents forgo doubling the monthly deposit, and almost half do not bother to choose an investment track. The most worrying figure: 80% of children who received a default track are the second child or later in the family. And banks? 98,119...

The 20% tax bracket has been expanded from 16,150 to 19,000 shekels per month, and the 31% bracket up to 25,100 shekels, a change resulting in monthly savings of up to 420 shekels.

A new lawsuit against the US President demands to stop the service selling early access to official White House messages on Truth Social: "A clear violation of the Constitution."

The betting platform Kalshi reported 32 cases of suspected insider trading to regulators in the second quarter. According to The New York Times, the Commodity Futures Trading Commission (CFTC) is currently conducting up to 20 active investigations based on this evidence.

Hyper Global concludes the second quarter of 2026 with record results, a dramatic jump in profits, and a meteoric rise in operations across Israel and the globe.

One of Israel's largest egg marketing firms has notified the Rami Levy Shivuk Hashikma chain that it will halt supplies at the end of August due to a commercial dispute. The chain currently sells eggs below the government-regulated price.

Cisco reports a dramatic surge in orders for artificial intelligence infrastructure and publishes an annual revenue forecast of up to $73.4 billion, well above the market's previous analyst expectations.

The residential company sold 71 apartments in the quarter. Despite market concerns, the decrease in unsold inventory highlights a successful performance. Net profit rose to 23.6 million shekels, with an average apartment price of 3.68 million shekels this year. CEO Ronit Ashed Levy announced the development of 2,000 additional housing units.

Against the backdrop of the ongoing struggle with Iran and the sharp spike in fuel prices across the USA, a gas station in New York state offered drivers an original way to ease the burden on their wallets. The new challenge went viral online and received more than 10 million views. "We wanted to bring some joy to people in these difficult times," said the mastermind behind the idea.

The number of credit cards issued by Isracard has crossed the quarter-million mark, a jump of 200,000 new non-bank credit cards in just four months. The high recruitment rate for the Fly Card club supports the company's forecast of adding 1.2 to 1.6 billion shekels to pre-tax profit over the agreement's duration.

Melisron released its Q2 2026 financial results, showing an 11% increase in tenant revenues and a major contract with Nvidia. The company's representative annual NOI is projected to reach 1.82 billion shekels.

The bank recorded an 8% profit growth compared to the same quarter last year. Excluding the special bank tax, net profit would have risen by 4% to 1.3 billion shekels. The board of directors approved a dividend distribution of 40% of second-quarter profits.

Trading on the local stock exchange will open today against the backdrop of positive sentiment in technology stocks. Dual-listed stocks will open with a positive gap, led by the chip sector. The $30 trillion time bomb: why the surge in US bond yields threatens stock investors? Inflation has moderated, but why doesn't this mean the Fed has had the final word? Is SpaceX a space giant or an AI...

Reporting and insurance premium payment deadlines for the self-employed and employers have been adjusted due to the Sabbath. Most monthly benefits are expected to be deposited into accounts earlier than scheduled.

A family from Herzliya claimed they received the backyard in an agreed-upon division between neighbors. The Inspector of Land Registration in Netanya did not accept the story and ruled that they must dismantle a fence, paving, and a gate, and remove cameras and floodlights - within two months and at their own expense.

The purchase of shares at the low provided CEO Nikesh Arora with a net profit of about 16 million dollars in six months. With revenues of over 3 billion dollars, entry into the TA-35 and TA-125 indices, and a valuation approaching a trillion shekels, the cyber company continues to break records.

The Congressional Budget Office updates its deficit estimate for fiscal year 2026 to $2.1 trillion, following a sharp decline in customs revenues. Julius Baer economists analyze the implications for the markets. Also: leadership changes at the Central Bank of Indonesia.

An in-depth analysis by the Swiss investment bank Lombard Odier presents data from a hundred years of trading in the US and explains why identifying the individual companies that drive the market is difficult even for the most professional investors.

Reit 1, an income-producing real estate investment fund, concludes the first half of 2026 with a decrease in net profit and has downwardly revised its annual forecasts due to the impact of the military campaign.

Globes presents the first update on the state of global markets. Global optimism led by AI and a strong earnings season. Rally in Asia: South Korea's KOSPI jumps 4.1% into bull market territory. Positive arbitrage in Tel Aviv led by chip stocks. Too good to last? Why Wall Street fears peak earnings in the S&P 500