Calcalist
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Nofar Energy approaches the acquisition of a stake in Reindeer from Phoenix and others
Nofar Energy has confirmed advanced negotiations to acquire a 47.5% stake in the Reindeer power plant project. The deal to purchase shares from Phoenix and private investors is valued at 855 million shekels.
"(former) trillionaire": companies owned by Elon Musk end a tough week
Elon Musk ended a tough week: Tesla shares fell by 18%, and SpaceX shares dropped by 7.2%. The decline in the value of these companies wiped out approximately $130 billion from the businessman's net worth.
Does the apartment look perfect? These are the checks you must do before buying
Buying an apartment is the largest financial transaction of most people's lives. To avoid risks related to illegal construction, debts, and hidden defects, it is essential to conduct thorough due diligence before signing any contract.
Despite rising tension with Iran: J.P. Morgan expects interest rate cut in Israel in September
Despite geopolitical tensions, J.P. Morgan analysts forecast a Bank of Israel interest rate cut in September. The bank argues that the Israeli economy remains resilient against oil-related shocks.
Parallel to Shashua's departure: Moovit lays off a third of its employees
The public transport app operator Moovit, owned by Mobileye, is launching a layoff process in which about a third of the company's 200 employees will leave. The layoffs come alongside the announcement of Mobileye CEO Amnon Shashua's departure.
TA closed with gains and concludes a green week; defense stocks jumped by 3.5% today
The TA-35 index rose by 0.6%, TA-125 climbed by 0.4%. In the defense sector, Next Vision strengthened by 6.3%, while Elbit Systems and Arit Industries rose by 3.9%.
The shekel strengthens after the tariff decision: the dollar is below 3.06 shekels
The shekel saw a slight rise following President Donald Trump's decision to impose new tariffs, which also affect Israel. The dollar fell by 0.6%, trading at 3.054 shekels.
"We discovered that an employee ran a procedure at night that cost 38 thousand dollars"
With the integration of AI, tokens have become a new cost unit for organizations. Managers must now oversee both human capital and a digital "workforce," balancing innovation with strict budget controls and efficiency.
Mixed closing on Wall Street: oil lost height, Intel fell by almost 8%
Wall Street indices closed with mixed results: the Dow Jones index rose by 0.5%, the S&P 500 index rose by less than 0.1%, and the Nasdaq index fell by 0.6%. Brent crude oil fell by 3.1% to $97.6 per barrel.