Website-building giant Wix announced painful cuts of 20% of its workforce in a dramatic Zoom call this morning. At the same time, fintech company Rapyd is also launching a broad round of layoffs, just days after its CEO bought a 50% stake in the ownership group behind Maccabi Tel Aviv Basketball.
The index compiled by Henley & Partners, the world’s largest firm for investment migration, and AlphaGeo shows that risk is rising worldwide, while Israel’s position has improved slightly despite the war.
Modern philanthropy is not a question of generosity, but of management. Just as business capital is managed carefully, separating decision-making from implementation, social capital requires planning, timing, and discretion.
The Israeli Shekel has strengthened to a historic record of 3.09 against the dollar in the wake of the geopolitical shifts in the region.
The S&P 500 on track for worst day in two months, dropping 1.3% as trade tensions flared. Investors flee American assets at the opening bell, Deutsche Bank's Jim Reid warned of potential for "bigger moves" in markets if rhetoric escalates.
NYC Token plummets in value shortly after former mayor's launch, raising eyebrows. An NYC Token statement claimed it was due to partners having to "rebalance the liquidity" due to "overwhelming support and demand for the token at launch."
Finance Ministry data shows sharp increase in tax collection from financial sector as 2025 deficit reaches only 4.7% of GDP, below initial forecast.
Wall Street giant signals confidence in Israeli banking sector. Bank of America has issued "buy" ratings for Israel's four largest banks, citing strong fundamentals and post-war economic potential according to Reuters. "After a strong rally, we see them shifting from overlooked to favored as fundamentals point to further gains," analyst says.
In a move that caught analysts off guard, Governor Amir Yaron announces a significant shift in monetary policy today, signaling confidence in the nation's economic stability despite ongoing security challenges.
Precious metal's market worth reaches $4.7 trillion following historic 170-180% annual surge, then retreats from an $80 peak and gold softens as investors take profits. Geopolitical risks ease following US comments on Ukraine.
