Nvidia Acquires Israeli Start-Up Run:ai for $700M
Nvidia, a renowned leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies, has made a significant move in the tech industry by announcing the acquisition of Israeli start-up Run:ai. The company has developed an innovative operating...
Market Volatility Returns: Understanding the Recent Downturn in Stocks
The exuberance that characterized Wall Street's performance in the latter half of 2023 and the first quarter of 2024 has waned significantly in recent weeks. A string of negative sessions has seen the S&P 500 index retreat nearly 5% from its March peak, with...
S&P downgrades Israel’s credit rating
In a tumultuous turn of events for Israel, a night marked by military response to Iran's attack six days earlier was coupled with a blow to the nation's economic credit rating. S&P, the renowned credit rating agency, made the sobering announcement of lowering...
Geopolitical Ripples: Shekel’s Decline Sends Shockwaves Through Israeli Markets
The foreign exchange market in Israel witnessed heightened volatility as the shekel depreciated sharply against the dollar, nearing a five-month high at NIS 3.80. This significant movement reflects ongoing concerns surrounding Israel's geopolitical situation,...
Breaking Down Israel’s Latest CPI Data: What Does It Mean for the Economy?
The latest data on consumer prices in Israel reveals a notable uptick, raising questions about the trajectory of the country's interest rates. In March 2024, the consumer price index (CPI) surged by 0.6%, exceeding initial forecasts that had projected a 0.5% increase....
Unprecedented Intercept: Israel’s Defence Triumphs Against Iranian Assault
The Iranian parliament erupted in celebratory chants of "Death to Israel!" on a Sunday morning, hailing what they perceived as a successful missile and UAV attack on Israel. However, despite the fervor of the moment, the reality paints a different picture: almost 99%...
Headlines
Nvidia Acquires Israeli Start-Up Run:ai for $700M
Nvidia, a renowned leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies, has made a significant move in the tech industry by announcing the acquisition of Israeli start-up Run:ai. The company has developed an innovative operating...
Market Volatility Returns: Understanding the Recent Downturn in Stocks
The exuberance that characterized Wall Street's performance in the latter half of 2023 and the first quarter of 2024 has waned significantly in recent weeks. A string of negative sessions has seen the S&P 500 index retreat nearly 5% from its March peak, with...
S&P downgrades Israel’s credit rating
In a tumultuous turn of events for Israel, a night marked by military response to Iran's attack six days earlier was coupled with a blow to the nation's economic credit rating. S&P, the renowned credit rating agency, made the sobering announcement of lowering...
Geopolitical Ripples: Shekel’s Decline Sends Shockwaves Through Israeli Markets
The foreign exchange market in Israel witnessed heightened volatility as the shekel depreciated sharply against the dollar, nearing a five-month high at NIS 3.80. This significant movement reflects ongoing concerns surrounding Israel's geopolitical situation,...
Breaking Down Israel’s Latest CPI Data: What Does It Mean for the Economy?
The latest data on consumer prices in Israel reveals a notable uptick, raising questions about the trajectory of the country's interest rates. In March 2024, the consumer price index (CPI) surged by 0.6%, exceeding initial forecasts that had projected a 0.5% increase....
Unprecedented Intercept: Israel’s Defence Triumphs Against Iranian Assault
The Iranian parliament erupted in celebratory chants of "Death to Israel!" on a Sunday morning, hailing what they perceived as a successful missile and UAV attack on Israel. However, despite the fervor of the moment, the reality paints a different picture: almost 99%...
Israel’s Preparedness Against Iranian Aggression: From Conventional Retaliation to Technological Disruption
As tensions simmer between Iran and Israel, the spectre of unconventional warfare looms large. Amidst the rhetoric of military confrontation, a new and potentially devastating form of weapon has emerged from the shadows: the electromagnetic pulse (EMP). This weapon,...
Bank of Israel Holds Interest Rate Amidst Economic Recovery and Inflation Concerns
The Bank of Israel opted to maintain the country's interest rate at 4.5%, citing a split among senior economists and various economic indicators influencing the decision-making process. The decision came amidst a backdrop of differing opinions among economists...
Israel’s Deficit Hits Record High as Economic Challenges Persist
In a sobering announcement today, Yaheli Rotenberg, the Accountant General of Israel's Ministry of Finance, disclosed that the country's cumulative deficit has surged to 6.2% of the GDP over the past 12 months, amounting to a staggering 117.3 billion shekels. This...
Volatility Persists in Foreign Exchange Markets as Shekel Recovers Against Dollar
Amidst ongoing turbulence in the foreign exchange market, the shekel has shown resilience after a recent downturn, bouncing back against the dollar. On Tuesday, the dollar saw a 0.9% decrease compared to its representative rate, trading at 3.70 shekels. This follows a...
Fitch Maintains Israel’s A+ Credit Rating Despite Negative Outlook
Fitch Ratings has announced its decision to uphold the country's credit rating at A+. The decision comes after a thorough review process during which a potential downgrade was under consideration. However, the outlook for Israel's rating has been downgraded from...
Israel’s Aviation Rebound: Passenger Traffic Surges as Airlines Gradually Return
With travel slowly returning to pre-war levels, airlines are cautiously resuming flights to Israel. British Airways is set to recommence its Tel Aviv-London route this week, marking a significant step in the country's aviation recovery. The anticipated surge in...
Mergers and Acquisitions in Israel’s High-Tech Surge to Nearly $4 Billion Amidst War
Amidst the challenges posed by the war with Hamas in Gaza strip, new insights from Startup Nation Central (SNC) shed light on the robustness of the Israeli tech sector. The data, released today, reveals a remarkable resilience despite the backdrop of the ongoing war,...
What’s Behind the Latest Israeli Stock Market Rally?
In the face of ongoing geopolitical tensions, including the abduction of 134 individuals in Gaza and persistent conflicts in various regions, investors in the Tel Aviv Stock Exchange (TASE) seem undeterred. Despite concerns about the aftermath of these events, market...
UN Security Council Passes Ceasefire Resolution Amid US Abstention, Urges Release of Hostages
In a landmark move, the United Nations Security Council has approved a resolution urging for an immediate ceasefire during the ongoing month of Ramadan, which is set to conclude in two weeks. The resolution also demands the "immediate and unconditional release" of...
Stock Markets Reach New Heights Despite Economic Headwinds
In an unexpected divergence from conventional wisdom, global stock markets are experiencing a remarkable surge despite ominous signs of an economic slowdown. This phenomenon, observed across major exchanges in Frankfurt, London, Paris, Tokyo, and Tel Aviv, has...
Israeli Shekel Surges Against Major Foreign Currencies Following Fed Decision
The Israeli shekel has seen a significant surge in value against major foreign currencies, with the dollar plummeting by approximately 2% against the shekel and trading below the 3.6 shekels mark. Even the euro has witnessed a sharp depreciation against the shekel,...
Federal Reserve Keeps Interest Rates Unchanged
In a widely anticipated move, the United States Federal Reserve announced its decision to maintain the interest rate at 5.5%. This decision aligns with early forecasts, which projected a 98% likelihood of the interest rate remaining unchanged, keeping it at a 22-year...
Volkswagen Group Expands Autonomous Driving Portfolio with Mobileye Partnership
The Volkswagen Group revealed its strategic move to integrate Mobileye's autonomous driving systems into the latest models of Audi, Bentley, Lamborghini, and Porsche. This partnership signifies a significant milestone in advancing the automotive industry's adoption of...
Silent Partner: Israel’s Contribution to Nvidia’s AI Revolution
Nvidia, a frontrunner in technological innovation, has once again captured the spotlight with its annual conference, GTC 2024, held in San Jose. Riding high on its recent accolade as the third-largest company by market capitalization on Wall Street, Nvidia's CEO and...
Nvidia in Talks to Acquire Israeli AI Firm Run:AI
In a bid to bolster its artificial intelligence (AI) capabilities, chip giant Nvidia is reportedly in discussions to acquire the Israeli AI company Run:AI, according to sources familiar with the matter. Run:AI specializes in developing software for managing AI...
From Startup to Skyrocket: Next Vision’s Rise Amidst Drone Demand
In the intricate dance of global geopolitics, one industry often finds itself booming amidst chaos and conflict: the arms and defence sector. Next Vision (NXSN.TA), a manufacturer of miniature cameras for drones and mini-drones, stands as a prime example of this...
From Makeup Chain to Tech Titan
Oddity Tech, formerly known as Il Makiage, has captured attention with its remarkable transformation from a failing makeup company to a thriving technology enterprise. As one of the largest shareholders prepares to sell a portion of their stake, it prompts reflection...
Banking Sector Continues Record Profits Amidst Changing Economic Landscape
As the latest bank reports for 2023 flood the financial landscape, it's evident that the banking sector in Israel is continuing its trajectory of unprecedented profitability, with Hapoalim, Mizrahi Tefahot, Discount, and FIBI leading the charge. However, amidst the...
Navigating Uncertainty: Challenges and Opportunities in the Israeli Stock Market
As global markets continue to grapple with uncertainty, investors in Israel are facing a unique set of challenges amid geopolitical tensions and shifting economic landscapes. Concerns over the trajectory of company profits and the potential impact of catalysts such as...
Microsoft Expands AI Collaborations by Partnering with Israeli Startup
The removal and swift return of Sam Altman, CEO of OpenAI, have sent ripples through the tech industry, particularly impacting OpenAI's key partner, Microsoft. The saga underscores the risks associated with relying on a single company for cutting-edge AI technology....
Global Arms Trade Dynamics: Israel Among Top Ten Exporters
Amidst the backdrop of the ongoing conflict in Ukraine and rising tensions in various regions, a recent report from the Stockholm International Peace Research Institute (SIPRI) sheds light on significant shifts in the global arms trade landscape. Covering the period...
Innovation
Nvidia Acquires Israeli Start-Up Run:ai for $700M
Nvidia, a renowned leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies, has made a significant move in the tech industry...
Unprecedented Intercept: Israel’s Defence Triumphs Against Iranian Assault
The Iranian parliament erupted in celebratory chants of "Death to Israel!" on a Sunday morning, hailing what they perceived as a successful missile and UAV attack on Israel. However, despite the fervor of the moment, the reality paints a different picture: almost 99%...
Mergers and Acquisitions in Israel’s High-Tech Surge to Nearly $4 Billion Amidst War
Amidst the challenges posed by the war with Hamas in Gaza strip, new insights from Startup Nation Central (SNC) shed light on the robustness of the Israeli tech sector. The data, released today, reveals a remarkable resilience despite the backdrop of the ongoing war,...
Israeli Startups Experience Significant Decline in Funding Despite Stock Market’s Bull Run
In the wake of the War with Hamas, a recent report by the Fusion Fund sheds light on the state of pre-seed investments in Israel's startup ecosystem. The report, covering investments in the pre-seed stage throughout 2023 and early 2024, reveals a significant downturn...
From Jerusalem to Hollywood: Lightricks’ Israeli Innovation Transforms Video Production
In the fast-evolving landscape of artificial intelligence, Lightricks, an Israeli company known for its popular FaceTune application, has made a significant stride forward. Last week, they unveiled their latest venture: a groundbreaking system designed to...
Economy
S&P downgrades Israel’s credit rating
In a tumultuous turn of events for Israel, a night marked by military response to Iran's attack six days earlier was coupled with a blow to the nation's...
Geopolitical Ripples: Shekel’s Decline Sends Shockwaves Through Israeli Markets
The foreign exchange market in Israel witnessed heightened volatility as the shekel depreciated sharply against the dollar, nearing a five-month high at NIS 3.80. This significant movement reflects ongoing concerns surrounding Israel's geopolitical situation,...
Breaking Down Israel’s Latest CPI Data: What Does It Mean for the Economy?
The latest data on consumer prices in Israel reveals a notable uptick, raising questions about the trajectory of the country's interest rates. In March 2024, the consumer price index (CPI) surged by 0.6%, exceeding initial forecasts that had projected a 0.5% increase....
Bank of Israel Holds Interest Rate Amidst Economic Recovery and Inflation Concerns
The Bank of Israel opted to maintain the country's interest rate at 4.5%, citing a split among senior economists and various economic indicators influencing the decision-making process. The decision came amidst a backdrop of differing opinions among economists...
Israel’s Deficit Hits Record High as Economic Challenges Persist
In a sobering announcement today, Yaheli Rotenberg, the Accountant General of Israel's Ministry of Finance, disclosed that the country's cumulative deficit has surged to 6.2% of the GDP over the past 12 months, amounting to a staggering 117.3 billion shekels. This...
Company Reporting
Volkswagen Group Expands Autonomous Driving Portfolio with Mobileye Partnership
The Volkswagen Group revealed its strategic move to integrate Mobileye's autonomous driving systems into the latest models of Audi, Bentley, Lamborghini, and...
Silent Partner: Israel’s Contribution to Nvidia’s AI Revolution
Nvidia, a frontrunner in technological innovation, has once again captured the spotlight with its annual conference, GTC 2024, held in San Jose. Riding high on its recent accolade as the third-largest company by market capitalization on Wall Street, Nvidia's CEO and...
Nvidia in Talks to Acquire Israeli AI Firm Run:AI
In a bid to bolster its artificial intelligence (AI) capabilities, chip giant Nvidia is reportedly in discussions to acquire the Israeli AI company Run:AI, according to sources familiar with the matter. Run:AI specializes in developing software for managing AI...
From Startup to Skyrocket: Next Vision’s Rise Amidst Drone Demand
In the intricate dance of global geopolitics, one industry often finds itself booming amidst chaos and conflict: the arms and defence sector. Next Vision (NXSN.TA), a manufacturer of miniature cameras for drones and mini-drones, stands as a prime example of this...
From Makeup Chain to Tech Titan
Oddity Tech, formerly known as Il Makiage, has captured attention with its remarkable transformation from a failing makeup company to a thriving technology enterprise. As one of the largest shareholders prepares to sell a portion of their stake, it prompts reflection...
Stock Market
Market Volatility Returns: Understanding the Recent Downturn in Stocks
The exuberance that characterized Wall Street's performance in the latter half of 2023 and the first quarter of 2024 has waned significantly in recent weeks....
What’s Behind the Latest Israeli Stock Market Rally?
In the face of ongoing geopolitical tensions, including the abduction of 134 individuals in Gaza and persistent conflicts in various regions, investors in the Tel Aviv Stock Exchange (TASE) seem undeterred. Despite concerns about the aftermath of these events, market...
Navigating Uncertainty: Challenges and Opportunities in the Israeli Stock Market
As global markets continue to grapple with uncertainty, investors in Israel are facing a unique set of challenges amid geopolitical tensions and shifting economic landscapes. Concerns over the trajectory of company profits and the potential impact of catalysts such as...
Gold Surges to All-Time Highs Despite Unconventional Market Dynamics
In a surprising turn of events, gold, traditionally viewed as a safe haven in turbulent times, has been on a remarkable upward trajectory, defying conventional market wisdom. Over the past year, the precious metal has surged to all-time highs, mirroring the bullish...
Tel Aviv Oil and Gas Stocks Surge: Unveiling Opportunities Amidst Sector Resilience
The oil and gas stocks sector of the Tel Aviv Stock Exchange experienced a notable upswing on Sunday, with key partnerships such as Isramco witnessing a surge of up to 9%. This spike followed positive developments related to the expansion of gas production and export...
Portfolio
Charting Growth: Israel’s Pension and Provident Funds See Strong February Returns
February has proven to be another fruitful month for pension and provident funds, building on the solid returns seen in January. This notable performance can...
Turning Crisis into Opportunity: Israel’s Stock Market Surge Post Moody’s Downgrade
Moody's recent downgrade of Israel's credit rating, coupled with a negative outlook, sent shockwaves through the financial world. Investors, faced with what was dubbed a "serious report" and a "bitter surprise," might have been inclined to panic and sell off shares....
The Fear Index: unravelling market uncertainty
The Tel Aviv Stock Exchange has recently witnessed a rapid rebound in the past week, erasing a significant portion of the losses incurred since the outbreak of the war. Interestingly, this rebound has been accompanied by a noticeable decline in the local fear index....
Navigating the Tel Aviv stock market: challenges and opportunities amidst turbulent times
The Tel Aviv Stock Exchange (TASE) has been in the spotlight recently, facing a series of challenges and fluctuations that have left investors both in Israel and abroad pondering their financial decisions. The most recent drop in the Tel Aviv 35 Index has taken it...
USD/ILS exchange rate: war’s impact and economic ramifications
In the last eighteen months, the exchange rate between the Israeli Shekel (ILS) and the United States Dollar (USD) has been on a rollercoaster ride, with fluctuations impacting various sectors of the Israeli economy. However, the outbreak of war with Hamas has...
Real Estate
Office Space Oversupply Challenges Tel Aviv’s Real Estate Landscape
In a striking turn of events, the once-booming demand for office spaces in Tel Aviv and Ramat Gan has dwindled, leaving prestigious towers like Azrieli and...
Israeli Real Estate Market Defies Market Trends, Despite Decline in Apartment Sales
In a surprising turn of events, Israel's real estate market is experiencing a decline in apartment sales, but construction activity is reaching unprecedented levels, defying expectations. According to data released by the Central Bureau of Statistics, the third...
Israel’s real estate market faces steep decline in new starts
Construction activity in Israel is experiencing a significant decline, primarily due to the country's economic situation. In the first quarter of this year, the number of construction starts decreased by 25% compared to the same period last year, making it the...
Israeli housing market faces looming crisis as mortgage volume declines
Recent data from the Bank of Israel highlights a worrying trend in the housing market, signalling the onset of a significant crisis. The monthly mortgage volume has returned to levels seen three years ago, indicating a decline in real estate market activity. While the...
Declining trend: Israeli real estate market at its weakest since 2003
The Israeli real estate market is experiencing a significant downturn, with the number of deals closed in February decreasing by 41% compared to the previous year. This marks one of the weakest periods since 2003, according to the Ministry of Finance's report...
Market Volatility Returns: Understanding the Recent Downturn in Stocks
The exuberance that characterized Wall Street's performance in the latter half of 2023 and the first quarter of 2024 has waned significantly in recent weeks. A string of negative sessions has seen the S&P 500 index retreat nearly 5% from its March peak, with...
S&P downgrades Israel’s credit rating
In a tumultuous turn of events for Israel, a night marked by military response to Iran's attack six days earlier was coupled with a blow to the nation's economic credit rating. S&P, the renowned credit rating agency, made the sobering announcement of lowering...
Geopolitical Ripples: Shekel’s Decline Sends Shockwaves Through Israeli Markets
The foreign exchange market in Israel witnessed heightened volatility as the shekel depreciated sharply against the dollar, nearing a five-month high at NIS 3.80. This significant movement reflects ongoing concerns surrounding Israel's geopolitical situation,...
Breaking Down Israel’s Latest CPI Data: What Does It Mean for the Economy?
The latest data on consumer prices in Israel reveals a notable uptick, raising questions about the trajectory of the country's interest rates. In March 2024, the consumer price index (CPI) surged by 0.6%, exceeding initial forecasts that had projected a 0.5% increase....
Unprecedented Intercept: Israel’s Defence Triumphs Against Iranian Assault
The Iranian parliament erupted in celebratory chants of "Death to Israel!" on a Sunday morning, hailing what they perceived as a successful missile and UAV attack on Israel. However, despite the fervor of the moment, the reality paints a different picture: almost 99%...
Israel’s Preparedness Against Iranian Aggression: From Conventional Retaliation to Technological Disruption
As tensions simmer between Iran and Israel, the spectre of unconventional warfare looms large. Amidst the rhetoric of military confrontation, a new and potentially devastating form of weapon has emerged from the shadows: the electromagnetic pulse (EMP). This weapon,...
Bank of Israel Holds Interest Rate Amidst Economic Recovery and Inflation Concerns
The Bank of Israel opted to maintain the country's interest rate at 4.5%, citing a split among senior economists and various economic indicators influencing the decision-making process. The decision came amidst a backdrop of differing opinions among economists...
Israel’s Deficit Hits Record High as Economic Challenges Persist
In a sobering announcement today, Yaheli Rotenberg, the Accountant General of Israel's Ministry of Finance, disclosed that the country's cumulative deficit has surged to 6.2% of the GDP over the past 12 months, amounting to a staggering 117.3 billion shekels. This...
Volatility Persists in Foreign Exchange Markets as Shekel Recovers Against Dollar
Amidst ongoing turbulence in the foreign exchange market, the shekel has shown resilience after a recent downturn, bouncing back against the dollar. On Tuesday, the dollar saw a 0.9% decrease compared to its representative rate, trading at 3.70 shekels. This follows a...
Fitch Maintains Israel’s A+ Credit Rating Despite Negative Outlook
Fitch Ratings has announced its decision to uphold the country's credit rating at A+. The decision comes after a thorough review process during which a potential downgrade was under consideration. However, the outlook for Israel's rating has been downgraded from...