Palo Alto Networks shares surged, briefly pushing the company to a record valuation on the Tel Aviv Stock Exchange before paring gains. Market sources attribute part of the rise to growing demand for security companies following the Flydubai flight incident. Palo Alto Networks completed its acquisition of CyberArk this year in a deal valued at about $21.1 billion.
Artificial intelligence fears and rising oil prices trigger market sell-off in Asia, with Wall St. investors poised to follow suit.
Asian markets tumble as rising crude oil prices and hot US inflation data fuel expectations of interest rate hikes by the Federal Reserve and Bank of Japan.
Revenue soared to 96.2 billion, with company growing 106% YoY. Immediate reaction sees slight drop in stock price, as guidance for current quarter stands misses most bullish projections of $110B.
Second-quarter economic growth confirms a lingering slowdown.
Wall Street is holding its breath for Nvidia's Wednesday earnings call. Despite shattering revenue goals for a year, Nvidia stock often drops post-earnings. Will this week break the pattern?
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.
