Globes

Once every three months, public companies publish their financial results, flooding investors with hundreds of pages of data. How do you know which indicators matter, when can the bottom line be misleading, and why do even phenomenal results sometimes cause a stock to plummet? Globes sorts it out.

Billionaire Mat Ishbia is in trouble following a failed takeover attempt and poorly timed interest rate bets.

An investment 3-room apartment in Kiryat Motzkin, split into two housing units, was sold for 1.15 million shekels after four months on the market. The property is part of a Pinui-Binui urban renewal project.

Jane Street, a trading giant operating under the radar with sophisticated algorithms, lost a massive sum in July, much of it from investments in a collapsed AI fund. Despite this, it has recorded enormous revenues since the beginning of the year.

An analysis of apartment indices in the second quarter of 2026 shows that the middle class currently prefers not to buy an apartment, and that renters are turning to rent cheaper and lower-quality apartments. The average price for an apartment purchased during the quarter reached 2.435 million shekels - an all-time high.

Futures are trading with only slight changes. Frankfurt Stock Exchange jumps by about 0.8%. Seoul Stock Exchange jumped by over 2%, supported by Samsung and SK Hynix. Over 90% of S&P 500 companies have published reports for the second quarter, profit growth stands at around 50%.

Annual inflation stands at 1.5%, higher than the forecast. Transport and culture became more expensive, clothing and vegetables became cheaper. Construction inputs: a slight retreat this month, but an annual increase of 3.5% amid rising labor costs. The apartment price index rose by only 0.1%; Jerusalem and Haifa climbed, the Center and Tel Aviv fell.

A draft circular published by the Capital Markets, Insurance and Savings Authority is intended to put an end to discounts of tens of percent that insurance companies grant to customers for a limited period of several years, in order to encourage enrollment. "It may influence his judgment at the time of enrollment and bias him away from making an informed decision," they write at the Authority.

The massive success of Polymarket is just a showcase for a much broader phenomenon among Gen Z. A new survey shows that a quarter of young people perceive sports betting as part of their economic future planning. Commentators warn of "financial nihilism": a sense of despair and economic pessimism that pushes for taking extreme risks with money. Experts clarify: investing is a positive-sum game...

Trading in Tel Aviv will open this morning against the backdrop of forecasts for inflation to moderate to 1.4%. New records for the S&P 500 and Russell 2000. The dollar is correcting slightly against the shekel; oil is trading stably amid threats of a blockade on Iran. The US bond market is showing risk levels not seen since 2007. Bank of America raises the target price for a hot AI stock. Globes...

A training fund (Keren Hishtalmut) offers particularly advantageous tax benefits, but they are subject to an annual deposit ceiling of about 20.5 thousand shekels. However, it sometimes has hidden advantages that make depositing even larger sums particularly worthwhile. Retirement experts answer critical questions about retirement in a new column.

The Vaniglia ice cream chain is collaborating with the importer of the British brand PerfectTed. In Bnei Brak, a building damaged by an Iranian missile has been demolished for a new residential project. Sodexo Israel is expanding its catering operations, and Chinese truck manufacturer FAW is launching a 3 million shekel campaign.

This week, the CEO and co-owner of "Tzomet Sfarim" announced that the chain will filter the books it sells, including based on how they are funded. Criticism in the industry was swift, mainly regarding the status the chain is taking for itself and the potential harm to new authors. Shumer told Globes: "I actually received positive feedback from publishers. We understand that we are doing something...

The Ministry of Transport will begin on Sunday a refund operation for passengers who held periodic subscriptions during the period of service reduction during the war. The refund will be granted to holders of 'Hofshi Hodshi' and students who held an annual subscription or a subscription for the second semester of the current academic year, and it can be redeemed until the end of 2026.

The new 'Junior' campaign from Bank Hapoalim tops the memorable and favorite commercials ranking by Globes and Geocartography. 9 Insurance with Udi Kagan takes second place, while the Holiday Finder site enters the index for the first time after 4.5 years on air.

Which country announced it would establish an Israeli drone factory on its territory? According to Bank of Israel data, at which bank can you receive 6% interest on a one-year deposit? Also: what historical low was recorded in the market for new mortgages taken out in July?

A stormy day in the Israeli energy market: NewMed is launching the first gas survey in Israel in years and returning to search for oil under Leviathan; quarterly profit jumped to $117 million. Expansion of production capacity boosted Tamar Petroleum's revenues to $87 million in the second quarter. Econergy secured huge financing of 229 million euros for the construction of a solar and storage...

The reasons for the weakness of the Israeli market in recent months, what might be the turning point, and why it is possible that the dollar's low is still ahead? Avner Hadad, CEO of Phoenix Investment House and co-CEO of KSM Mutual Funds, addresses the big questions of the capital market in a letter to investors.

The digital intelligence company reported a 16% growth in revenue for the second quarter, but failed to beat market expectations and lowered its forecasts for the future. At the same time, it announced a change of CEOs. Meanwhile, on Wall Street, the 'buy' recommendation for the stock is being maintained.

Four years after writing off an investment of more than $400 million, Bill Ackman is returning to Netflix, convinced that the company has won the streaming war. He believes the company's current valuation reflects a significant discount.

Bank Jerusalem has denied recent rumors, stating that no evidence of abnormal activity was found. Against this backdrop, we examined whether large-scale embezzlement remains possible today, given the tightened control mechanisms implemented after the 2002 Eti Alon and Trade Bank affair, in which 250 million shekels were stolen.

More than 20,000 km of new pipelines are under discussion against the backdrop of the conflict in the Strait of Hormuz. Countries in the Persian Gulf and Africa have discovered the potential, which is already yielding profits: "Demand is not expected to fade."

A five-year record in new apartment sales in Tel Aviv propelled the city to the top of the transaction table in the first half of 2026, while Jerusalem led in second-hand apartment sales. Despite the local surge, CBS data indicates a real estate market that continues to stagnate and an exceptionally high supply of new apartments.

Revenues in the malls held by Melisron rose by approximately 11% in the second quarter of 2026, following a 5% decline in the previous quarter due to the impact of Operation "Lion's Roar." Since the start of marketing in May, the company has sold 56 apartments in the PARK 51 project in Herzliya.

The investment bank gave Leumi a 'buy' recommendation and expects a 24% upside for the stock compared to its closing price yesterday. 'Revenue momentum has improved, the bank's efficiency has reached new record levels, and credit growth has already reached management's targets for the current year,' the economists wrote.

The number of credit cards issued by Isracard has crossed the quarter-million mark, a jump of 200,000 new non-bank credit cards in just four months. The high recruitment rate for the Fly Card club supports the company's forecast of adding 1.2 to 1.6 billion shekels to pre-tax profit over the agreement's duration.

The bank recorded an 8% profit growth compared to the same quarter last year. Excluding the special bank tax, net profit would have risen by 4% to 1.3 billion shekels. The board of directors approved a dividend distribution of 40% of second-quarter profits.

Trading on the local stock exchange will open today against the backdrop of positive sentiment in technology stocks. Dual-listed stocks will open with a positive gap, led by the chip sector. The $30 trillion time bomb: why the surge in US bond yields threatens stock investors? Inflation has moderated, but why doesn't this mean the Fed has had the final word? Is SpaceX a space giant or an AI...

The purchase of shares at the low provided CEO Nikesh Arora with a net profit of about 16 million dollars in six months. With revenues of over 3 billion dollars, entry into the TA-35 and TA-125 indices, and a valuation approaching a trillion shekels, the cyber company continues to break records.

Globes presents the first update on the state of global markets. Global optimism led by AI and a strong earnings season. Rally in Asia: South Korea's KOSPI jumps 4.1% into bull market territory. Positive arbitrage in Tel Aviv led by chip stocks. Too good to last? Why Wall Street fears peak earnings in the S&P 500

Kardan Real Estate CEO Amos Dabush believes that rising construction costs, the drying up of the land market, and a lack of government management could damage the real estate sector for years. According to him, many companies will be forced to join partners to survive.

Yad2 data shows that in the Beit HaKerem neighborhood of Jerusalem and Sarona in Tel Aviv, rental prices have risen by double-digit rates over the past year, significantly exceeding the national average of 4.4%. The increase for three-room apartments has been sharper than for four-room units, while some Tel Aviv neighborhoods have actually seen price declines.

Greg Gelfenboym earned a bachelor's degree in economics and accounting at 13 and discovered the effect of compound interest there for the first time: "I saw how with a simple calculation it is possible to accumulate significant capital in a reasonable time." After his army service, he opened a portfolio: "I started with the TA Real Estate index and today I am in the S&P 500."

Luxury flights to New York and Las Vegas, direct payments of tens of thousands of shekels, and aggressive competition for every borrower: non-bank financial institutions are luring mortgage consultants with generous incentives. The result: clients are pushed into expensive loans, sometimes with double the interest rate. The industry admits: 'This creates a conflict of interest.'

Major investment banks are raising their S&P 500 forecasts one after another. If expectations are met, the index will end the year with a double-digit return for the fourth consecutive time.

After Discount and Hapoalim banks announced they would stop money transfers to Palestinian banks due to fears of links to terrorism, the move is expanding to banks in neighboring countries. Foreign currency trading will continue, which may hinder oversight.

In recent years, more and more Israelis prefer to spend their leisure time and shop near home instead of traveling to Tel Aviv — both because the offerings are no longer unique or interesting enough, and because of the traffic chaos. If the municipality does not wake up, the day is not far off when the 'city that never stops' will take a long break.

The reform promoted by the Tax Authority is intended to fight fictitious invoices by collecting VAT in real-time, instead of the periodic reporting practiced today. The Institute of Certified Public Accountants warns of damage to the cash flow of small businesses and the passing of costs onto consumers. At the same time, the question arises as to how input VAT offsetting will be carried out and...

A new law will require certain businesses to record sales calls and keep them for up to two years, with the aim of fighting fraud and consumer exploitation. However, opponents of the move warn of a heavy economic burden that will be passed on to the consumer, exposing businesses to fines from the Privacy Protection Authority and a wave of civil lawsuits.

Following a recent court ruling that created uncertainty in the industry, the Ministry of Justice and the Urban Renewal Authority have published a framework that will allow real estate developers to offer tenants different compensation in Pinui-Binui and TAMA 38 projects. What do real estate experts think of the proposed framework?