Economy

The Israeli fragrance and flavor manufacturer has grown by 473% over three years, posting a record quarter with a 56% surge in net profit. Despite this, the stock has dipped year-to-date. We analyze the reasons and the key figures that may signal the company's future trajectory.

The trading day will open against the backdrop of rising tensions around the Strait of Hormuz and a jump in global oil prices. Wall Street closed in negative territory yesterday, and the probability priced in by the markets for an interest rate hike has risen to 50%. Today in the Tel Aviv earnings season: Bank Hapoalim and Elbit. Also: JP Morgan raises its S&P 500 forecast to 8,000 points: "AI...

Anthropic, the developer of the Claude AI chatbot, has signed a $9.1 billion deal with Riot Platforms. The crypto company will provide computing power and electricity for Anthropic's data centers, highlighting the AI developer's push to scale its infrastructure.

While traders are frustrated by the prolonged stagnation, investment expert and analyst Sykodelic warns that the quiet is about to end with a massive move. The position opened, the 'bear trap', and the new target marked to the upside.

Following an 18% decline in Friday's trading, the market value of Hachshara Urban Renewal has been cut by over 330 million shekels. Market participants suspect a major institutional investor may be behind the sell-off.

Tel Aviv fell yesterday as banks and construction weighed, despite Tower jumping 9.6%. On Wall Street, Nvidia fell on concerns over circular financing deals. Today: the bank earnings season opens and tomorrow the US CPI index. What is expected?

Following exceptionally strong financial reports and an unusual increase in profits, the popular retail chain will distribute a dividend of 50 million shekels and open five new branches across the country.

Despite the sharp decline in share prices following the latest reports, the investment house William Blair is convinced that the company's long-term thesis has not changed and points to the next growth engines.

The 2026 reform changed the rules and added hundreds of thousands of people eligible for huge discounts on public transport. Enter the comprehensive guide and easily check if your address, age, or status is worth money to you.

Official salary data shows an increase, but a new in-depth analysis of the labor market reveals that this is not a real benefit for workers, but a worrying structural change affecting the entire economy.

The Psagot investment house warns that the combination of a tight labor market and a rapid surge in wages will continue to fuel inflation and will directly affect the Bank of Israel's decisions in the coming years.

The employment report reveals an unexpected decline in the number of employed and a sharp slowdown in hiring. Economists estimate that the Fed's next move will directly affect the markets as early as this September.

The Chief Investment Officer of UBS explains why the market is misjudging interest rates and which solid asset will provide a significant buffer against potential losses.

The National Insurance Institute announces a centralized payment transfer for unemployment benefits and income support. Individual amounts are calculated based on personal data and previous income records.

Globes presents a first update on the state of markets around the world. This morning: Samsung stock pushes the Seoul Stock Exchange up by over 1%, trading is closed in Tokyo due to a holiday. Oil prices are trading stably after jumping by about 5% last night, against the backdrop of tensions around the Strait of Hormuz. Also: why do analysts believe the S&P 500 still has room to rise?

At the start of the trading week, the shekel continues to strengthen, with the dollar falling 0.2% to 2.99 shekels. The euro weakened by 0.3%, trading above 3.45 shekels.

Israel's government deficit has dropped to 3.3% of GDP, a surprise amid the ongoing war. The Treasury has accumulated a 19 billion shekel safety cushion but fears disclosing these figures.

Diplomatic contacts between Washington and Tehran have encountered a significant obstacle, directly affecting the global energy market. After Iran presented its conditions for a peace agreement, US President Donald Trump responded with a demand that Iran pay compensation for victims of wars, attacks, and protests. This exchange led to a deadlock in talks on opening the Strait of Hormuz — a...

Li Hua's brokerage firm, Futu Holdings, has become one of the main targets in the government's campaign to control the flow of funds from China abroad.

Trust-based hedge funds, recently officially regulated, offer complex investment instruments to the masses in exchange for collecting 20% of profits. However, one case illustrates that you don't have to be a genius to boost profits for a short time, and when investment managers share only in the profits, a market distortion is created.

Dan Binshtok, manager of the foreign client desk at Pealim, looks at the markets and is convinced they have room to rise: "I am very optimistic when looking ahead." He identifies renewable energy and chip stocks as opportunities, and also notes the only figure that, in his opinion, could spoil the party.

In recent years, Portugal has attracted foreign investors and residents, including Israelis, but alongside the influx of capital, housing prices have soared, and in some areas have even tripled. A local researcher explains who is paying the price and how foreign capital is changing the cities.

While institutional investors sold a massive sum of 14 billion dollars in the second quarter of the year and reduced their foreign currency exposure, the business sector purchased an almost identical amount - this is according to new data from the Bank of Israel. For comparison, this is a pace for an entire year. What is the governor's share in the trend, why did hedging costs jump, and what do...

Shamir Energy, controlled by Meir Shamir, is in talks to acquire 30%-70% of the power plant owned by Ari Nadlan and Tzahi Abu, as well as Jackie Ben Zaken, in the Menashe Regional Council.

The pharmaceutical company CTS is being sold to Dexcel Pharma for approximately 250 million shekels. The acquisition covers only the pharmaceutical operations, while other business units remain separate.

Real estate investment trusts Sela Capital Real Estate and Menivim REIT have improved their financial performance, seeking to offset the office market downturn by investing in retail and logistics assets.

The Israel Tax Authority is promoting a new plan, "Israel Invoice 2.0 - VAT Online," aimed at shifting VAT reporting and payment to a real-time digital infrastructure. The reform seeks to reduce tax fraud and streamline business operations.

A new survey by the Israel Innovation Authority and Tzafrir company presents a complex picture of Israeli high-tech, where the total number of employees remains stable but demand is changing. While software companies are streamlining and laying off, the hardware and deep-tech sectors continue to expand. In the background, the influence of AI is growing and is beginning to be a central...

A record 45% of central banks plan to increase their gold reserves. Fears of inflation, geopolitical conflicts, and economic crises are accelerating purchases. The desire to reduce dependence on the dollar is also pushing countries to stock up on the metal, which is considered a safe haven in times of uncertainty.

The well-known retail chain is surprising customers by offering a two-seater sofa with two recliners from a popular brand at its branches, an unusual seating solution for supermarkets that is attracting significant interest.

After recording a rise of more than 9% last week, the chip index retreated sharply as leading companies in the sector lost double-digit percentages ahead of the publication of reports.

Recently, the "Mami" consumer club, owned by the media personality and entrepreneur, reached a significant milestone by joining the world of credit cards. Now, Maayan Adam and the company are recruiting additional staff members to join the team behind the scenes.

Chinese fast-fashion giant Shein is preparing for an IPO on the Hong Kong Stock Exchange. Bloomberg Intelligence analysts value the company at $22-25 billion, a significant drop from its 2022 peak.

The earnings season on Wall Street presents an unprecedented distortion where giant companies beat forecasts but are punished with sharp price drops, while a massive trading event of billions took place in Tel Aviv.

The stock exchange closed with declines in the two leading indices, as prominent stocks recorded a free fall of up to 10.16%, while on the other hand, a surprising stock soared.

The US Strategic Petroleum Reserve (SPR) has fallen below 300 million barrels, reaching its lowest level since 1983. Amid the war with Iran and concerns over the Strait of Hormuz, oil prices have jumped by 4%.

A Shake Shack customer uploaded a video to the web, which went viral with about 4.2 million views, and said that he decided not to tip for a milkshake order he made at a branch at the Salt Lake City airport, and was stunned to see that the price of the product increased.

The celebrations in Israel regarding the arrival of the international beauty chain Sephora were exaggerated. Following the much-discussed announcement, the international headquarters plans to clarify that Sephora has no intention of coming to Israel soon, and that it is a temporary sale of limited products from the private brand.

Famous investor Michael Burry says that Berkshire Hathaway is no longer an attractive investment in his eyes, following Warren Buffett's retirement as CEO and the transition of leadership to Greg Abel.

According to Bank of Israel data, the average interest rate on deposits for six months to a year fell in July to 3.59%, compared to 3.94% in April. The gaps between banks are significant, and the interest rate on deposits ranges from 2.9% to 6%. While interest rate cuts are quickly rolling over to deposits, the decline in mortgages is more moderate.