Calcalist

Europe is set to enter the winter with its lowest gas reserves in 13 years. With storage levels at only 63% in late August, experts warn of increased price volatility during the heating season.

Starting September 1st, the maximum price for a liter of 95-octane gasoline at self-service stations will reach 8.25 shekels. This marks a 14-year high for fuel prices in Israel.

The Tax Authority, the Ministry of Transport, and the Ministry of Environmental Protection have released the new purchase tax formula for vehicles. Despite rumors, the implementation of a mileage tax remains unlikely in the near term due to regulatory and logistical hurdles.

The Israeli Ministry of Transport is considering stripping the bus company Tnufa of its routes and revoking its operating license due to persistent service failures and a shortage of buses.

Shapir Engineering has declined its option to purchase a 4.99% stake in the Ashdod Oil Refinery from Paz. The decision follows regulatory hurdles and the company's failure to meet conditions regarding the sale of its natural gas distribution licenses.

The Arieli Group, the controlling shareholder of Elron, has breached loan covenants related to its acquisition of the company from Phoenix Investment House. Consequently, Phoenix has begun seeking buyers for the pledged shares.

The Tel Aviv Stock Exchange's shift to a Monday-Friday trading week has yielded results faster than expected. Friday trading volumes surged by 173% compared to Sundays, with foreign investors accounting for 40.2% of the turnover.

British firm Rockhopper Exploration, a partner in the Sea Lion project, is preparing for a Tel Aviv Stock Exchange listing. The company raised $200 million, with 40% of its shares already held by Israeli investors.

Kevin Warsh's speech at Jackson Hole marked a shift in Fed policy: moving away from excessive market signaling and returning to full accountability for inflation without external excuses.

Corn and wheat prices have reached three-year highs due to distinct factors. Wheat is surging amid the escalation of the war between Russia and Ukraine, while corn is rising due to lowered US yield forecasts.

Oil exports from the Persian Gulf have recovered to about two-thirds of pre-war levels, limiting the impact of the conflict with Iran on global prices. Total regional exports have reached 15–16 million barrels per day.

Young people aged 18 to 21, who are legally prohibited from gambling in most US states, poured about $5.4 billion this year into the prediction platform Kalshi. This regulatory gap exists because such platforms are defined as financial markets and regulated at the federal level.

Federal Reserve Chairman Kevin Warsh delivered his first speech at the Jackson Hole conference. He emphasized that price stability remains the primary focus and that the 2% inflation target is firm and fixed.

Fed Chair Kevin Warsh is set to speak at the Jackson Hole conference. Investors are looking for clues on future monetary policy, though markets remain calm with the VIX volatility index trading below its annual average.

Japan spent 15.4 trillion yen ($96.4 billion) on foreign exchange interventions between July 30 and August 26. This record monthly expenditure reflects the government's determination to curb the yen's depreciation.

The conflict between First International Bank management and its subsidiary technology company, Mataf, is escalating over a dispute regarding work-from-home policies. The Histadrut union has warned of a potential general strike.

Payment company Stripe and investment fund Advent International have decided to withdraw from the planned acquisition of PayPal. Following the news, PayPal shares fell by 15% in pre-market trading in New York.

Former Bank Leumi CEO Rakefet Russak-Aminoach has been appointed to the board of directors of the American cyber company Rubrik. She joins a group of global technology and investment industry leaders.

Foreign exchange markets are showing slight movement ahead of Fed Chair Kevin Warsh's speech in Jackson Hole. The dollar is trading above 2.96 shekels, up 0.1%.

Asian markets show a mixed trend as investors await the debut speech by new Fed Chair Kevin Warsh in Jackson Hole. Yesterday on Wall Street, Nvidia shares jumped 8.7%.

Insurance company Menora Mivtachim is acquiring 40% of the shares of the hedge fund Agility for 200 million shekels. The deal values the fund at 500 million shekels, surprising the capital market.

Three Federal Reserve officials expressed ongoing concern today about the state of inflation in the US, as the annual Kansas City Fed economic symposium opened in Jackson Hole, Wyoming. They emphasized the need for action to return inflation to the 2% target.

The cyber company Echo has acquired the assets of Minimus in an all-cash deal. Minimus decided to cease operations, and Echo will integrate their technology into its software and services portfolio.

Amit Lang is stepping down as CEO of the Ackerstein Group less than a year after his appointment. Zvika Ackerstein will take over as CEO following a 51% decline in the company's net profit for the first half of 2026.

The board of directors of the Israel Association of Community Centers (Matnasim) has appointed Adv. Galit Viderman as the company's new CEO. The appointment is now subject to approval by the Dotan Committee.

The state is returning to serve as the insurer for Israeli foreign trade. The Ministry of Finance and the Tax Authority announced that the program for insuring cargo against war and terror risks will be reactivated starting September 1, 2026.

An audit at the Best group revealed that 2.2 million shekels from a subsidiary were used to pay for private property work for controlling shareholders. The company will restate its 2025 and Q1 2026 financial reports.

Nvidia's second-quarter report shows the company remains on an acceleration path. The most significant constraint on its growth is not customer demand, but supply chain limitations.

Vehicle importer Dalhom is preparing to acquire the direct import franchise of the bankrupt Automax. The deal, outlined in documents sent to creditors, includes a rehabilitation plan that exempts the buyer from past debts.

Ezra (Gad) Cohen, founder of Gad Dairies, discusses his business journey, the company's IPO, and future growth strategies. Despite his initial reluctance to go public, he took the step to fund a new, centralized production facility.

Donitz has signed a non-binding memorandum of understanding to merge with Dan Real Estate. Upon completion, Dan's shareholders will hold approximately 33% of the combined company's shares.

Salesforce and CrowdStrike shares surged in after-hours trading following quarterly reports that beat analyst expectations. Both companies have raised their annual guidance.

The currency market remains calm ahead of the central bankers' symposium in Jackson Hole. Investors are awaiting Fed Chair Kevin Warsh's speech, which is expected to provide clarity on future monetary policy.

Yohananoff CEO Eitan Yohananoff discusses plans to separate real estate assets from retail, the challenges of the cost of living, and the evolving labor market in Israel's supermarket sector.

Luzon Ronson, owned by Amos Luzon, has filed a lawsuit against former Or Yehuda mayor Yitzhak Buchovza. The developer claims that the attorney's actions are jeopardizing a major urban renewal project.

Tal Kedem and Udi Biton are set to sell a 25%–30% stake in their hedge fund, Agility, to the insurance company Menora. The deal values the fund at approximately 300 million shekels, resulting in a payout of 75–100 million shekels.

Sani Sanilevich, a former advisor to Prime Minister Benjamin Netanyahu, is taking his family's real estate firm to the Tel Aviv Stock Exchange. The company aims to raise 200–250 million shekels through a bond issuance.

Regulation has made exiting a bank investment portfolio relatively simple, but transferring assets out of an investment house can cost thousands of shekels. Despite the rise in independent trading, banks still dominate the market.

The real estate company Polygon, controlled by Kobi Maimon, has turned to the Central District Court to appoint external directors. The company has been operating without them for over a year, leading to unlawful financial reporting.

Nvidia's revenue for the quarter ending in July 2026 reached $96.2 billion, surpassing analyst expectations. The company's net profit surged by 126% to $59.69 billion.