Globes

Ahead of the shareholders' vote on doubling the CEOs' compensation package, Monday denies to its employees any connection to the recent wave of layoffs, explaining that it is a periodic update. The company notes that the salary has not been updated since the IPO five years ago, and that it will now be adjusted to the level customary in the market.

Even without being on air, Bank Hapoalim once again tops the memorability and favorability rankings, according to Globes and Geocartography. The index is dominated by summer-themed advertisements, including those from MAX and Duty Free.

Partner bondholders, led by More Investment House and Kesem Mutual Funds, have opposed the company's request to approve an unusual 500 million NIS dividend distribution. Meanwhile, More led opposition to a request by Nofar Energy, resulting in the early redemption of two bond series.

The Israeli gaming company recorded revenue of $731.1 million and a net profit of $48 million. Disney Solitaire continued to grow rapidly, but the number of users declined, and the company estimates it will finish the year at the lower end of its forecast. The stock is falling.

After seven years as CEO of Hot Mobile, Ilan Brok has announced his resignation. He will remain in his role until the sale of the company to Delek Israel, Keystone, and Bank Leumi is finalized. During his tenure, the company surpassed 2 million subscribers and achieved significant growth in revenue and profitability.

Record results for Nova in the second quarter: it beat market revenue and profit forecasts, presented an optimistic outlook for the next quarter, and the stock is reacting with gains in pre-market trading on Wall Street. CEO: "Achievements derived from expanding market share and deepening collaborations."

While Israel's largest banks are examining a change in accounting standards to trade on Wall Street, Nayax is ahead of them, establishing an independent American banking arm that will offer credit solutions and working capital financing. The move is intended to reduce dependence on external entities in the US market, which accounts for about 40% of the company's revenues, and to deepen services...

The dollar fluctuated around 3 shekels over the past month. In May and June, the Bank of Israel intervened following the strengthening of the shekel, but in July, the Israeli currency weakened.

Competition in provident funds is heating up, while independent trading channels are also growing rapidly. Daniel Cohen, CEO of the Profit Group, sorts out hot trends like 'Family Office' and IRA, and explains why the AI revolution only strengthens experts rather than replacing them.

The number of workplace accidents at construction sites is on the rise, with 393 accidents and 29 deaths recorded since the beginning of the year. New regulations, taking effect in October, expand the scope of responsibility at construction sites and mandate new measures to prevent them. This will change contractual relations between developers and contractors and will also impact the insurance...

Zweikel, who has served in recent years as Deputy Legal Advisor at the Competition Authority in the civil-administrative field, will replace Adv. Yael Sheinin, who retired this week. Following this appointment, most legal advisory positions in government ministries are now filled.

A day after the control struggle was resolved, the chairman and board of directors of Novolog resigned. Oded Pozis, representing the controlling shareholder family, has been appointed chairman, with Ofer Linczewski, Doron Sela, and CPA Sagi Kaduri joining the board.

Trading in Tel Aviv is expected to open against a backdrop of heavy pressure in the technology sector worldwide. Trading in Asia is under pressure and futures on Wall Street are mixed. Mixed results and drama in the earnings season of Israeli companies in New York. A warning light for the US economy: the labor market is cooling sharply - but wage pressures are increasing. The profit boom on Wall...

A new study by the Tax Authority indicates a sharp change in the profile of Israelis moving abroad: the rate of departures from the top decile has risen by about 80%, and the number of those leaving the high-tech and healthcare sectors has more than doubled. The taxes paid by those leaving before their departure reached about 1.2 billion shekels per year. Simultaneously, the number of people...

Globes presents the latest global market update. This morning, Asian markets are falling, led by South Korea. Wall Street and oil prices remain stable. Taboola and SolarEdge have lost over $1 billion in value, while JPMorgan CEO Jamie Dimon warns of hidden leverage risks.

Amdocs reported overnight a quarterly profit of $1.84 per share and recorded revenue of $1.17 billion. Over the last four quarters, the company has beaten analyst forecasts for earnings per share and revenue three times.

The heads of the construction company Omer Handasa welcome the replacement of Palestinian workers with foreign ones, claiming: "The workforce today is more stable and of higher quality." They estimate that the peak of the crisis in the industry is behind us, protest against the authorities' lack of recognition of the industry's difficulties, and state: "When we dealt with state tenders, we did not...

When Noam Ashdod received her first pay slip in high school, she discovered her passion for the world of finance. Today, she is a 26-year-old financial planner with a structured investment agenda that includes a lot of patience and zero Bitcoin. And also: 2 Israeli stocks she believes in.

In the competition between the flagship indices of Tel Aviv, there has been a clear winner over the last decade - the TA-90. However, recently the picture has reversed as an unusual gap has opened in returns between it and the TA-35. The return gaps are also trickling down to a historic change in assets, as over 2 billion shekels have been redeemed from funds tracking the TA-90 index, and for the...

During an interview with NBC, JPMorgan CEO Jamie Dimon noted that heavy leverage increases the risk that an individual investor or a single fund will trigger wider volatility. "When you have a situation like that, there is a higher chance that someone will shake the market quickly, and people will panic because of it."

After months of tension between management and the employees' representatives, agreements were reached on a reduction plan: up to seven employees will end their employment, two will be reassigned to other roles, and management committed not to carry out further layoffs among journalists in the next seven months.

Bank of Israel Supervisor Daniel Hahiashvili has released a draft circular allowing banks to report under US GAAP. This move removes a major barrier to dual listing on US stock exchanges.

The Ministry of Finance and the Tax Authority are considering increasing taxes on employee stock options in the high-tech sector as part of the 2027 budget, while proposing a reduction in wage taxes.

The Israel Land Authority is closing tenders for 7,390 housing units this week. All plots are located in the periphery, with no tenders in high-demand areas or major cities.

The expected cessation of bank transfers between Israel and the PA in September-October threatens financial chaos. This move creates risks for trade and security, forcing businesses to shift to cash transactions.

The Pozis family is acquiring an 18.2% stake in Novolog from Phoenix and Arkin at a 19% premium. The move comes as a counter-measure to Eli Dahan's attempt to invest 100 million shekels, which would have diluted the founding family's holdings.

Mineral company ICL beat analysts' forecasts, reporting a 35% increase in adjusted net profit. Delta Galil nearly doubled its net profit, driven in part by a customs refund from US authorities.

A turning point in the advertising struggle between aviation clubs: After demanding the removal of parts of the Flyall advertisement, the Second Authority has changed its decision, determining that the comparison to Isracard's FLYCARD is legitimate. CAL must now add prominent clarifications and submit the corrected version for approval.

Real estate developer Avisror began trading on the Tel Aviv Stock Exchange after raising 530 million shekels at a 2 billion shekel valuation. Shares surged 14.5% at the opening on individual trades, with gains moderating to 6% later in the day.

Since 2011, the Israel Securities Authority has prohibited portfolio managers from publishing their yields to the general public, restricting them to personal consultations. Now, the regulator is shifting course: under a new draft, all licensees—investment advisors, marketers, and portfolio managers—will be permitted to publicly disclose past yields, provided they adhere to uniform standards.

Michael Burry warns that the current market rally could end in a sharp crash reminiscent of 1987. The investor holds put options on several major stocks and ETFs, betting on a downturn.

Former footballer and former Beitar Jerusalem coach Barak Yitzhaki purchased a three-room apartment in a project by the Gohari-Afriat company in his childhood city of Ashkelon. The deal is estimated at about 2 million shekels, and the apartment is on the tenth floor - the jersey number that accompanied Yitzhaki throughout his playing career.

The bank index on the stock exchange, which had been stagnant for most of the year, surged by 10% in July. Investors attribute this to a correction following a period of weakness and expectations of strong financial reports for the second quarter.

Economic Committee Chairman MK David Bitan claimed that in developed countries, VAT on food does not exceed 8%. The reality is much less clear-cut. Globes' Whistleblower.

The group's core revenues — excluding telephony at Bezeq Fixed-Line, cellular services at Pelephone, private customers at Bezeq International, and revenues from Bezeq Online — amounted to approximately 2.03 billion shekels, an increase of about 4%. Total revenues rose by 1.4% to approximately 2.17 billion shekels.

Despite losses from Operation "Lion's Roar," El Al doubled its net profit to 125.9 million dollars, driven by strong demand and higher pricing. The airline expects this momentum to continue into the third quarter.

Global markets show optimism amid progress on the Iran issue and strong financial reports. Asian markets are rallying, oil prices are declining, and the dollar has fallen below 3 shekels.

The Tel Aviv Stock Exchange opens amid optimism surrounding a potential US-Iran agreement, global market gains, and falling oil prices. Investors are closely watching upcoming US employment data.

In July, 4.5 billion shekels were withdrawn from the IBI 'Israel Bank Index' ETF, bringing the two-month total to nearly 8 billion shekels. Estimates suggest the total outflow will exceed 10 billion shekels by the end of August.

Two years after the Capital Market Authority's reform, pension savings tracks remain a source of confusion. Identical names hide vastly different investment strategies, leading to significant yield gaps and forcing savers to dig deep to understand their portfolios.