Economy

Hundreds of establishments shutter operations following the tragic news of six hostages' deaths. “We cannot normalize this situation or simply move on.”

Each money market fund operates under a specific policy that may include additional features and restrictions. These funds differ from CDs in several key aspects: While CDs offer a high degree of certainty – depositors know the exact duration and interest rate of their investment upfront – money market funds invest in more liquid assets.

Shifra Shahar, CEO of the Warm Home for Every Soldier Association, said:  "I would like to thank a very special donor who, amid all the difficulties of the ongoing war, found it important to host a Shabbat meal with lone soldiers in appreciation for everything they do for us.

"The downgrade to 'A' reflects the impact of the continuation of the war in Gaza, heightened geopolitical risks and military operations on multiple fronts," Fitch stated in its report. The agency projects Israel's budget deficit to reach 7.8% of GDP in 2024, with public debt expected to remain above 70% of GDP in the medium term.

First and foremost, if your family is affected by these changes, it's crucial to prepare financially. For those already managing a household budget, now is the time to reassess and adjust your plan. If you haven't started budgeting yet, consider this your wake-up call – there's no better time to begin than now.

There's a noticeable uptick in Israeli households opening bank accounts abroad. This trend stems from a dual desire: to spread financial risks and diversify investments, as well as to safeguard against potential domestic economic instability.

In addition to its business accomplishments, Sweetgreen's CEO, Jonathan Neman, has also made headlines for his outspoken support of Israel following the Hamas attack on October 7, 2023.

The rapid recovery follows Monday's red-painted tickers across the board, which affected the "Magnificent Seven" tech stocks and practically all indices. However, at the end of Monday's trading session, the tech sector had already begun showing signs of resilience, hinting at an underlying strength despite economic uncertainties.

Education savings accounts in Israel function as a hybrid between a savings plan and an investment fund, available to both salaried employees and self-employed individuals. Under current regulations, these accounts enjoy capital gains tax exemptions, subject to certain contribution limits.

Proponents argue that raising the contribution ceiling for provident funds would enable retirees to secure higher pension payments. This contrasts with the current system, which some say inadvertently encourages one-time, liquid savings at the expense of long-term retirement planning.