Globes

Fiverr's second-quarter results met previous forecasts but fell slightly short of analyst expectations. CEO Micha Kaufman noted an acceleration in AI adoption, leading to a "noticeable slowdown in overall demand and traffic." The company is significantly lowering its annual guidance and shifting focus toward complex, high-value projects.

Investors are fleeing chip stocks: the collapse of SK Hynix and Samsung deepens the meltdown in Korea, as markets await the Fed's decision and the reports of Microsoft and Meta.

The Netherlands has enacted a law banning trade in goods from settlements and the Golan Heights. Experts warn this move could set a precedent and deter Dutch companies from engaging with Israeli businesses.

The cancellation of Fiverr's 4,500-square-meter lease at the Wix campus reflects the broader crisis in Israeli high-tech. Faced with revenue pressures, the AI revolution, and widespread layoffs, companies are prioritizing lean operations over office expansion.

While many tech companies are cutting staff due to AI adoption, defense-tech startups are actively expanding and increasing salaries. A GotFriends report attributes this to global security shifts and rising demand for defense technologies.

Even before its inclusion in the indices next week, the cybersecurity giant's stock has generated significant interest in Tel Aviv: average daily volume reached 8.5 million shekels, the share price has doubled since listing, and the company's value accounts for 30% of the entire stock market. The Exchange: "Inclusion in the indices will move it into a different league in terms of demand and...

Goren Family Office has long specialized in wealth management for high-net-worth clients. This acquisition marks a significant step in Phoenix Brokers' growth strategy within the sector.

A new report by Adecco suggests that the labor market is transforming through the redesign of processes in the AI era. A new management role is emerging: the Workforce Orchestrator, responsible for managing the division of labor between humans and AI agents.

Accounting firm KPMG has implemented an intern training program featuring exercises in critical thinking and decision-making to prepare employees for the AI era.

The Generation fund is nearing the acquisition of Shikun & Binui Energy for 4.2 billion shekels, after the parties reached understandings on the compensation mechanism in case the deal is not completed. Now the parties are preparing to finalize the last agreements and have the merger examined by regulators, who are concerned about the concentration in the electricity production sector.

The Ministry of Environmental Protection is demanding that the Tel Aviv Municipality stop work at Sde Dov, fearing a health risk due to the presence of pollutants. Alongside the exchange of accusations between the bodies, experts warn of regulatory chaos, while new buyers are demanding to include clauses for quick release from the contract due to pollution.

Under Armour, DoorDash, and American Eagle are just some of the international brands recruiting World Cup stars for new campaigns, trying to make the most of their peak moment.

The undistributed profits reform, which generated 15–20 billion shekels in revenue, is facing scrutiny due to market distortions in the income-producing real estate sector. The Tax Authority is considering targeted adjustments as part of the upcoming Economic Arrangements Law.

The court rejected a petition by a property owner in central Tel Aviv seeking a residential use permit for a basement located above ground. It was determined that if a property was defined as a "basement" in its original building permit, municipal plans prohibiting residential use apply to it.

A new study may pave the way for innovative treatments for borderline personality disorder; Ichilov Hospital unveils a new non-profit incubator for health startups; and an Israeli project wins a European award. This week in biomed.

Just before the change of control in the real estate company, the outgoing controlling shareholder Chaim Katzman is seeking to accelerate the appointment of Keren Khalifa as CEO. If she is fired after the transfer of control to Tzahi Abu and his partners, Khalifa will receive a bonus of 200% of her annual salary.

Two Israeli cyber companies have signed a letter of intent for an acquisition deal, in which Cyera plans to incorporate Oasis Security. The move is designed to integrate information security, non-human identities, and AI agents into a single platform, addressing the surge in the use of artificial intelligence agents within organizations.

Following the Competition Authority's request to review correspondence regarding the replacement of Eitan Madmon, the Association of Banks has frozen the search process. The regulator's intervention was revealed yesterday.

Against the backdrop of the vandalism at the News 12 studios, Keshet 12 has petitioned the Supreme Court against Minister of Communications Shlomo Karhi's broadcasting law. The petition alleges that the legislation is discriminatory and designed to weaken government-critical media while favoring loyal outlets.

The UAE established its civil nuclear program under strict limitations. If Saudi Arabia receives a more lenient agreement with the US, the UAE's long-standing monopoly in the field will be broken, and a new competition will begin between the two regional powers.

Globes presents a daily review of global media coverage on Israel: how Iran's missiles became more lethal, the Pentagon's search for affordable weapons, and The Atlantic's analysis of Netanyahu's declining popularity in the US.

The UAE has a significant advantage over other Gulf states — a port located outside the Strait of Hormuz. Now the Emiratis are planning to expand the port's infrastructure, without mentioning the Iranian threat.

The public enjoys banks’ entertaining campaigns, but is left with the mortgage and the interest on deposits. Will new reforms and the entry of competitors into the field lead to a turnaround? Globes brand index.

The large gap between the SK Hynix stock traded in the US and the one traded in South Korea indicates an unhealthy investor enthusiasm.

Globes presents an index examining the volume of credit card purchases in Israel. Phoenix Gamma data points to double-digit declines in most sectors, mainly due to the customs of the nine days.

The hedge fund in trust sector, managing approximately 6 billion shekels, faces regulatory uncertainty as its temporary authorization expires. The Knesset is set to vote on a permanent legal framework today, while the proposed metropolitan transport authorities reform remains stalled.

Following a year-long delay due to war-related funding challenges, the financial closing for the 'Nofit' light rail project has been finalized. The 41 km line will connect Haifa, Nof HaGalil, and Nazareth, serving an estimated 100,000 passengers daily.

Yoaz Hendel warned that in just 22 years, Israel might lose its Zionist majority. Research bodies dealing with this show that it is probably not that close. Globes' 'Hamashrokik' (The Whistle).

Users who tried to launch the application this morning encountered an error message titled "Data not loaded, try again". The application operates under the Financial Markets Division of Bank Hapoalim and serves 3.5 million active users.

Five petitions were filed against the amendment to the Security Service Law passed by the coalition, which freezes criminal enforcement against Haredi deserters. The Attorney General and the Knesset's legal counsel believe the legislation should be cancelled, and the Supreme Court has already ordered a freeze on its entry into force until a decision is reached.

Declines in the chip sector are shaking markets: Nvidia fell 5% yesterday, losing the title of the world's most valuable company to Apple. With stock declines in Asia and a volatile week ahead on Wall Street, investors are bracing for tech earnings and Fed decisions.

Two partners held land in Ramat Gan in equal shares for years, with one partner building a private house on the plot. Following a demolition order, a dispute arose over the allocation of additional building rights.

The objections investigator for the "Nof Yarkon" plan resigned due to a conflict of interest, as he had professional ties with an appraiser who submitted an opinion on the project. This is expected to further delay the 9,000-unit housing project, which has been in the works for three decades.

A rapid urban renewal plan for Ahuza Street in Ra'anana will increase density by hundreds of percent. This is just one of 100 projects being promoted around the Gush Dan metro, set to add 300,000 new apartments.

Today's vehicles are becoming more like smartphones, relying on manufacturer software updates to maintain functionality, relevance, and value over time. However, not all manufacturers provide the same level of support, especially for older vehicles. What should you check before buying?

Erez Koptsh, head of Israel stocks at the insurance company Hachshara, is sure that the capital market is missing the fact that the US is facing deflation and therefore its interest rate will fall. He suggests extending duration in bonds and provides a recommendation on three sectors that are trading at attractive valuations in Tel Aviv.

New data show that business credit jumped by 15% year-on-year, the highest rate since 2010, driven largely by banks. This trend is primarily due to the real estate sector, which requires significant funding to stay afloat amid a sales slowdown. Experts warn of rising financial risks.

The Competition Authority has requested correspondence from bank chairmen regarding their intention to replace Association of Banks CEO Eitan Madmon, as reported by Globes last week.

The war has pushed Russia into a deficit of about $74 billion. To bridge it, the government attempted to raise funds through bonds but failed. Meanwhile, Ukraine is increasing pressure on Russian infrastructure and logistics.

Following advanced negotiations to lease approximately 4,500 square meters at the Wix campus in Glilot, the deal has been canceled. Fiverr, whose current lease in Tel Aviv is nearing expiration, had been seeking larger office space, but its future plans remain uncertain.