Globes

The corporate food benefit market, valued at 6 billion shekels, is undergoing a transformation. With Wolt's entry, the competition between Cibus and 10bis is shifting into a battle for control over the entire employee budget.

Globes has learned that the Supervisor of Banks has distributed a draft circular allowing banks to apply American accounting standards. This move facilitates dual listing, aims to increase liquidity, and may boost stock performance.

This summer, the credit card market saw intense competition between Fly Card, FlyAway, and SkyMAX. The situation drew attention as McCann Tel Aviv began handling advertising for two competing brands simultaneously.

The Israeli government is actively shaping the boards of directors of leading defense companies, such as IAI and Rafael, as they prepare for IPOs. These appointments are accompanied by intense political maneuvering.

Following strong quarterly results, founder Jeff Bezos has filed a plan to sell 15 million shares of Amazon. Bezos remains the company's largest private shareholder with an 8% stake, as Amazon's market capitalization recently surpassed the $3 trillion threshold.

The exchange’s revenues rose 36% in the second quarter, with net profit jumping 81%. Increased capital market activity and higher clearing fees fueled the expansion, while the stock’s valuation has returned to a more moderate multiple.

Monday's leadership initiated a wave of layoffs affecting 620 employees while simultaneously asking shareholders to approve a plan to double their own compensation packages to $14 million by 2029.

Michael Burry built a large bearish position against an AI leader, but Palantir continues to deliver strong results, defying the pessimists. How much did this bet cost him, and what is Alex Karp's take?

Globes presents an index examining the volume of credit card purchases in Israel. Phoenix Gamma data points to increases in most consumer sectors thanks to the holiday of love, except for the food sector.

Renewable energy firm Nofar, led by Ofer Yanai, is in a dispute with the Securities Authority over the interpretation of its financial liabilities. This conflict could allow bondholders to demand immediate repayment of 2.2 billion shekels in debt.

The average high-tech salary reached 35,760 shekels per month in May 2026, a 13.7% increase from May of last year. However, the number of positions remained virtually unchanged, signaling a shift in industry dynamics.

US President Donald Trump has criticized Exxon Mobil and Chevron for reporting massive profits amid the oil price surge caused by the war with Iran, demanding they lower prices for consumers.

Enlight, a leading Israeli renewable energy company, is surging on the stock exchange following a successful second-quarter report. The company reported a five-fold increase in net profit and a significant rise in revenue, prompting an upward revision of its 2026 financial guidance.

A month after it was signed, the deal to sell control of G City to Ari Nadlan and Ispro has fallen through. Chaim Katzman cited concerns over the new partners' financial profile and deviations from the original agreement.

The trading day on Wall Street is expected to open with a positive trend following yesterday's gains in tech giants. Asian markets are seeing declines, while investors await reports from AMD and SpaceX.

Roy Mann and Eran Zinman, the founders and CEOs of Monday, are asking the company's general meeting for a tiered salary increase that will bring them to a level of $14 million each. The company recently announced the layoff of 600 employees.

Over the past two weeks, the relationship between businessman Tzahi Abu and the company's controlling shareholder Chaim Katzman has hit a dead end.

A study by BYNDbiz reveals that since October 2023, the price per square meter for older apartments without a Mamad rose by 11.2%, compared to only 2.6% for protected apartments.

The Finance Ministry has released a concerning forecast indicating that by 2029, the National Insurance Institute will be unable to meet its financial obligations. The ministry attributes this to an expansion of benefit eligibility and extensive discounts for non-working population groups. Proposed measures include tightening eligibility criteria and increasing contribution fees specifically for...

While the Bank of Israel interest rate is falling, mortgage rates are not adjusting accordingly. Banks are increasing interest margins, offsetting a significant portion of the economic rate cuts.

Eitan Etzioni, founder of the Etzioni investment house, shares his value investing philosophy. He focuses on stable companies with low P/E ratios, avoiding macroeconomic predictions.

An 'Apartment at a Discount' project in Harish, featuring 115 units, reached a winner who placed 3,393rd in the lottery. Amidst housing market stagnation, are better deals available on the free market?

OPEC has announced an increase in oil production quotas starting in September, though most member states currently struggle to meet existing targets. Oil prices have declined due to expectations of easing tensions with Iran and the potential reopening of the Strait of Hormuz. Meanwhile, the USA has set an all-time record for oil exports, while China is mitigating the global supply decline by...

Beijing is changing the rules for China’s wealthy to increase control over how they invest outside the country and to strengthen tax oversight of overseas earnings.

Following the collapse of Leopold Aschenbrenner's Situational Awareness hedge fund, Wall Street is debating Citadel's potential role. Critics suspect that the firm's aggressive macro forecast triggered a panic that allowed it to acquire the fund's assets at a bargain.

Israeli banks are refusing to cooperate with their Palestinian counterparts. We explain what correspondent banking is and why this financial system is currently under threat.

After reports that the G-City deal is in danger, the income-producing real estate company's stock is falling sharply in Tel Aviv. It seems that investors are sending a clear message to Chaim Katzman, the founder and owner: We want the deal.

Phoenix's investment values PowerGen at 3.25 billion shekels and is expected to yield the Generation fund a profit of up to 320 million shekels. This move is a key step in financing the acquisition of Shikun & Binui Energy and strengthens PowerGen's position as a leading player in the Israeli energy market.

Reports indicate that pharmaceutical giants AstraZeneca and Bristol-Myers Squibb (BMS) are in talks regarding a potential merger. If successful, the deal could create a combined entity with a market capitalization of nearly $400 billion, marking one of the largest transactions in industry history.

A power struggle is unfolding at Novolog between controlling shareholder Ehud Pozis and businessman Eli Dahan. Dahan has proposed a 100 million shekel investment in exchange for a 21% stake in the company.

While competitors like CrowdStrike and Palo Alto are enjoying a stock rally, Check Point continues to lag with a negative return of 31.5% year-to-date. Investors are looking for the changes led by CEO Nadav Zafrir to translate into growth in the coming quarters.

The Israel Tax Authority's voluntary disclosure procedure, offering criminal immunity for reporting undeclared assets, ends in late August. With only 877 million shekels declared so far, the response has fallen short of official expectations.

The 4.45 billion shekel acquisition of Shikun & Binui Energy by PowerGen has triggered regulatory scrutiny over market concentration. As electricity demand surges, the industry faces pressure to restructure ownership.

Provident and pension fund investors saw another negative month, with the exception of the S&P 500 track. While Tel Aviv outperformed Wall Street in July, calculation timing and the surging dollar shifted the results. Also: insights from a dramatic earnings season for tech giants.

Yoav Safar, an expert in insider trading analysis, explains why capital is leaving overheated sectors like AI and returning to the undervalued residential real estate sector, where insiders have begun active buying.

The Ministry of Finance is planning reforms to pension contributions and investment accounts. While officially aimed at increasing net pay, experts warn that the true motive may be to boost state tax revenues.

At 25, Leopold Aschenbrenner founded the $45 billion Situational Awareness hedge fund, but after an AI stock slump, he was forced to sell a significant portion of his portfolio to Ken Griffin's Citadel.

Bus operator Tnufa is set to be sold to Metropoline amid driver strikes and poor service ratings. Experts argue the situation reflects systemic flaws in the tender mechanism that prioritize low costs over quality.

Tax Authority data reveals that during the war, the number of real estate investors in Israel grew at a much higher rate than single-apartment buyers. The most significant increase, 20%, was recorded among those holding nine or more apartments.

The PUSH news project by Itzik Parzan and Moti Sharf's company Forever are parting ways. Globes has learned that Parzan is buying out Forever's 35% stake at a valuation of 10 million shekels. The transaction is based on the project's valuation at the time of the company's entry in late 2025, though current estimates suggest a higher value.