Globes

Globes has learned that two new senior executives coming from fields outside the credit card industry will join the top management of CAL: Zoarit Yogev, who was deputy head of the mortgage division at Bank Leumi, and Tony Cohen, CEO of the Maccabident dental clinic chain.

Globes presents an index examining the volume of credit card purchases in Israel. Phoenix Gamma data shows a sharp spike in spending on family activities.

The founder of SpaceX responded with "fake news" to claims that his company is in advanced negotiations to acquire the Israeli AI startup Decart for $6-7 billion. While the Calcalist report suggested Decart was "in Musk's sights," it also listed Amazon and Nebius as potential buyers.

The company generated $2.29 billion in revenue and $199 million in profit in the second quarter of the year, beating analyst expectations. According to the company, 73% of its current order backlog comes from abroad.

The bank's return on equity stood at 15%, a figure that would have been higher without the special tax imposed by the Ministry of Finance this year.

The trading day will open against the backdrop of rising tensions around the Strait of Hormuz and a jump in global oil prices. Wall Street closed in negative territory yesterday, and the probability priced in by the markets for an interest rate hike has risen to 50%. Today in the Tel Aviv earnings season: Bank Hapoalim and Elbit. Also: JP Morgan raises its S&P 500 forecast to 8,000 points: "AI...

The container was confiscated on one of the busiest shipping lanes in the world, which connects China to the West. "Any attempt to export goods to Israel - directly or indirectly - contrary to the law and government regulations, will be dealt with severely," threatened the local border guard.

Globes presents a first update on the state of markets around the world. This morning: Samsung stock pushes the Seoul Stock Exchange up by over 1%, trading is closed in Tokyo due to a holiday. Oil prices are trading stably after jumping by about 5% last night, against the backdrop of tensions around the Strait of Hormuz. Also: why do analysts believe the S&P 500 still has room to rise?

Cyprus aims to purchase Israeli Merkava tanks to replace its aging T-80 fleet amid rising tensions with Turkey. The potential deal remains subject to the IDF's own operational requirements.

Li Hua's brokerage firm, Futu Holdings, has become one of the main targets in the government's campaign to control the flow of funds from China abroad.

Trust-based hedge funds, recently officially regulated, offer complex investment instruments to the masses in exchange for collecting 20% of profits. However, one case illustrates that you don't have to be a genius to boost profits for a short time, and when investment managers share only in the profits, a market distortion is created.

Dan Binshtok, manager of the foreign client desk at Pealim, looks at the markets and is convinced they have room to rise: "I am very optimistic when looking ahead." He identifies renewable energy and chip stocks as opportunities, and also notes the only figure that, in his opinion, could spoil the party.

While institutional investors sold a massive sum of 14 billion dollars in the second quarter of the year and reduced their foreign currency exposure, the business sector purchased an almost identical amount - this is according to new data from the Bank of Israel. For comparison, this is a pace for an entire year. What is the governor's share in the trend, why did hedging costs jump, and what do...

In recent months, complaints about a sophisticated scam have been increasing: citizens waiting for building permits receive calls from "municipality representatives" who present accurate information about their files and demand final payments. The scam, which has already stolen tens of thousands of shekels from private individuals and millions from developers, is becoming increasingly...

Foreign airlines have begun to return to operations in Israel one after another - from the Swiss SWISS, to the aviation giant KLM which will return at the end of the month, and the American United and Delta in September. How many weekly flights will operate and why do experts think that prices will only start to drop in the long term?

The celebrations in Israel regarding the arrival of the international beauty chain Sephora were exaggerated. Following the much-discussed announcement, the international headquarters plans to clarify that Sephora has no intention of coming to Israel soon, and that it is a temporary sale of limited products from the private brand.

The familiar practice of conducting discussions and mediation 'off the record' is now being re-regulated, with the aim of increasing transparency and public trust in the judicial system. The guidelines set by the ombudsman, retired judge Asher Cola, require, among other things, the documentation of compromise proposals and discussions where recording has been paused.

Famous investor Michael Burry says that Berkshire Hathaway is no longer an attractive investment in his eyes, following Warren Buffett's retirement as CEO and the transition of leadership to Greg Abel.

According to Bank of Israel data, the average interest rate on deposits for six months to a year fell in July to 3.59%, compared to 3.94% in April. The gaps between banks are significant, and the interest rate on deposits ranges from 2.9% to 6%. While interest rate cuts are quickly rolling over to deposits, the decline in mortgages is more moderate.

A new MAFAT report obtained by Globes reveals that the volume of orders from startups doubled in the first half of 2026, alongside records in capital raising and defense exports. Autonomous platforms and AI solutions lead the volume of engagements.

Deputy CEO and Head of the Business Clients and Partners Division, Odalia Moshe Ostrovsky, will conclude her tenure after two years, during which she also served as CEO of Diners. Her departure follows the resignation of the VP of Human Resources amid ongoing leadership tensions at CAL.

The chip giant is leveraging the surge in its stock to raise capital and fund growth opportunities in the AI era. Shares are down in pre-market trading.

The company exceeded analysts' expectations for revenue and profit. It anticipates continued significant growth of 30% in the second half of the year. Rafi Amit: "We are experiencing a significant acceleration in the pace of order intake."

In addition to a 15% tariff on polysilicon components, the order sets a minimum price that will increase the cost of components by about 40%, to strengthen the American industry, despite the fact that their project backlog is already covered by equipment ordered in advance.

World press headlines: Khamenei strengthens the hawkish wing in the leadership, which may lead to a confrontation with the Speaker of the Parliament; the UAE is considering building a facility for natural gas exports that would bypass Hormuz; and is it time for Israel to stop hiding its nuclear weapons? Globes presents a daily short review of interesting news from the world media about Israel.

Inflation in government ministries and the high number of ministers cause cumbersomeness, duplication, and managerial paralysis. The proposed solution is simple, gradual, and reversible: redistributing work so that ministers function only as policymakers and supervisors, while professional CEOs take the actual reins of management. Guest column.

Index funds that appear to invest in the same way are showing very different performances this year due to portfolio composition differences.

Instead of just booking a gym class, the AI agent identified a security vulnerability, exploited it to bypass booking restrictions, and removed another person from the waiting list. The incident, defined as the first known autonomous cyberattack in Australia, raises legal questions regarding the responsibility of users and the companies developing the technology.

Starting as a gym chain, the company is transforming into a diversified health and sports group, operating dozens of clubs in various styles. Operational leverage may allow it to realize its ambitious goals for 2030, provided the security situation remains stable. The CEO has already voted with her own money. Company analysis.

Revenues of the manufacturer of stabilized cameras for drones rose by 138% in the second quarter, a growth driven by an increase in sales volume and the number of customers. The company is raising its revenue target for this year to $355 million, or a growth of about 111% compared to 2025.

Shapir attempted to acquire the oil refinery in Ashdod, but the Concentration Committee recommended against the deal. We examine the authority and criteria this body uses to evaluate the influence of major players on the economy.

A sharp decline in the involvement of investors holding three or more apartments is changing the investment map. Tel Aviv, Haifa, and Beersheba are losing their strength, while Tiberias, Safed, and Jerusalem are becoming the main centers of activity, especially in cities with a prominent Haredi character.

The biomed company of the former BrainsWay CEO, which developed a cancer treatment, will list its shares for trading on the local stock exchange as well. After a 300% jump in the last year, the company's shares are trading at a valuation of $1.2 billion.

The energy company seeks to grant a bonus of nearly 7 million shekels to its senior managers to ensure they remain until the merger with PowerGen is completed. Additionally, the vesting date for their options will be advanced, allowing them to exercise them as part of the deal.

The Ministry of Finance has published an updated formula for calculating green tax benefits, which may lead to price increases of thousands of shekels for many models starting in January.

The trading week opens amidst geopolitical uncertainty surrounding the Strait of Hormuz. Wall Street returns from a strong week with major indices at record highs. Following an employment report that lowered interest rate hike expectations, investors are now focused on the upcoming Consumer Price Index. Today's earnings in Tel Aviv include Camtek and Next Vision.

Globes presents a first update on the state of markets around the world. This morning: rising share prices in Asia, Tokyo Stock Exchange leads the positive trend. Oil prices are recording slight increases against the backdrop of uncertainty regarding the Strait of Hormuz. Wall Street returns from a winning week, with leading indices in record territory. And also: with a 40% jump in a week...

The veteran video company, which lost 86% after its IPO, surged sharply following the launch of an AI product and reports that beat expectations. Will the acquisitions it made and its entry into the world of visual avatars breathe life into it against giants like Synthesia and Nvidia, or is this premature enthusiasm?

Globes has learned that a number of companies have formulated a joint appeal to the government, aiming to change procedures and reduce payments for office land. The goal: to incentivize construction, due to the crisis in the high-tech sector and high interest rates.

Trustees of the collapsed summer camp company Cimed have reached agreements to sell its assets, potentially allowing for full debt repayment to Israeli investors. Funds like Clearmark and Brosh, which purchased bonds after the collapse, expect significant returns from the realization of hidden value.