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Business & Finance
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9.1.26
They quit their jobs to sell pickles. Now their startup is worth $8.5 million
A viral Alix Earle video sent orders surging for Hot Girl Pickles, the colorful Gen Z brand founded by Leah Marcus and Yasaman Bakhtiar
The Oreo wars: Moms on US kindergarten class Whatsapp fight over cookies in kids' lunchboxes
Tel Aviv Stock Exchange Friday trading surges 173% as foreign investors pile in
Israeli pop star shuts fashion site for Shabbat, sparking backlash
Learned from Israel? The workaround to bypass Qatar and make Iron Dome components in Germany
Business & Finance
How Qatari money reaches an Israeli nonprofit through a London charity
Qatari funds reaching a Haifa nonprofit through a London charity surged nearly tenfold in 2023; Shomrim traced the money trail to Doha and the Bishara brothers, raising questions over how foreign funds enter Israel
Haim Rivlin, Shomrim
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10:40 | 08.28.26
Former Netanyahu adviser brings family real estate firm to TASE with NIS 250M bond plan
Sanilevich Real Estate Development, which owns a Hod Hasharon park and land in Tel Mond and Hadera, seeks to raise NIS 200 million-250 million in bonds; the Leader Underwriting-led deal could pave the way for an IPO
Golan Hazani/Calcalist
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23:25 | 08.27.26
Once Germany’s dream employer, Volkswagen now faces layoffs, closures and worker revolt
Workers accuse management of hiding the scale of the crisis as automaker weighs deeper cuts, falling profits squeeze investment and Germany’s auto industry struggles with China, energy costs and weaker demand
Zeev Avrahami, Berlin
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13:18 | 08.27.26
Drivers get High Holiday relief as gas prices set to fall after August spike
Pump prices are expected to fall about 25 agorot per liter Monday night as oil prices ease, though August’s surge may still keep inflation high enough to delay another rate cut
Gad Lior
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11:06 | 08.27.26
Nvidia revenue doubles as AI giant lays out next phase of global expansion
Quarterly revenue jumped 106% to $96.2 billion as Nvidia outlines plans around Rubin, AI CPUs, specialized inference and massive data center investment
Dennis Bihler
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10:53 | 08.27.26
The workers who built Israeli industry are retiring. Who will replace them?
Some 41,600 industrial workers who arrived in Israel during the 1990s immigration wave from the former Soviet Union are now 55 or older, raising fears of a major loss of skilled labor and decades of accumulated expertise
Gad Lior
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08:52 | 08.27.26
More sting than sweetness: Rosh Hashanah honey cakes get pricier, with hikes of up to 15%
Bakery chains raised Rosh Hashanah honey cake prices by 4% to 15% from previous years, citing higher ingredient, production, operating and labor costs; others say pricier cakes are not comparable to last year’s; some kept prices unchanged
Meirav Crystal
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03:16 | 08.27.26
AI hallucinations help sink multimillion-dollar class action against AIG
Businessman seeking about $34 million from insurance giant withdraws his class action after a judge found five cited rulings did not exist, warning against ‘blind’ AI use and ordering the plaintiff to pay 20,000 shekels in legal costs
Lital Dubrovitsky
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21:20 | 08.26.26
For your eyes only: what do Israel’s soldiers, spies and police really earn?
Finance Ministry data show junior IDF pay jumped 17% in two years, civilian employees averaged NIS 22,926 a month and major generals topped NIS 73,000; but how much do Mossad and Shin Bet staff earn?
Gad Lior
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20:45 | 08.26.26
Israeli aviation firms AIR, Elmo partner on heavy-lift unmanned cargo aircraft
Elmo will supply high-power motor drives for AIR’s 550-pound-payload VTOL cargo drone, aiming to reduce weight and complexity while improving performance for defense, logistics and humanitarian missions
ynet Global
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16:27 | 08.26.26
AI boom drives 100 data center bids across Israel, testing the national power grid
A new Noga document reveals 100 requests for data centers nationwide, including projects at IKEA, BIG and Rami Levy sites, as AI and cloud demand push electricity needs to unprecedented levels
Sivan Hilaie
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11:41 | 08.26.26
Driven by innovation: Israeli businesses turning crisis into growth
JDC programs are helping small- and medium-sized companies turn technology and smarter management into higher productivity, stronger jobs and new opportunities for long-term growth
ynet Global
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11:14 | 08.26.26
From high tech to the classroom: Israelis trade lucrative careers for meaning
Tens of thousands of academics have participated in the Ministry of Education's teaching retraining programs over the past decade; Despite the sharp drop in salaries, they don't regret it for a moment: 'Partners in shaping the people and society of the future'
Tamar Trabelsi-Hadad
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10:46 | 08.26.26
Nvidia heads into earnings at its cheapest valuation in years. Is Wall Street missing something?
The $5 trillion AI giant enters earnings at one of its cheapest valuations in years as investors question China, competition, AI spending and its next Rubin chips
Dennis Bihler
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08:25 | 08.26.26
Israel looks to India as next major market for tech exports
Seventeen Israeli cybersecurity and water-tech companies visit Mumbai, Bengaluru and New Delhi as Israel seeks deeper commercial ties in the fast-growing Indian market
ynet Global
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05:54 | 08.26.26
Israeli-founded Alice raises $140M to stop AI from going rogue
Formerly known as ActiveFence, the New York- and Tel Aviv-based company says it protects eight of the world’s 10 leading AI labs, works with Anthropic, Google and Nvidia and is approaching $100 million in annual recurring revenue
ynet Global
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02:51 | 08.26.26
Cannabis company InterCure to receive 230M shekels in compensation for October 7 damages
Its main cultivation and production facility in Nir Oz was severely damaged on October 7 and had to be shut down; several company employees were also harmed during the terrorist attack, and two employees of its Canndoc subsidiary were abducted to Gaza
Almog Ezer/Calcalist
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15:27 | 08.25.26
‘The agent keeps working all night’: AI and Gen Z are rewriting the 9-to-5
A century after becoming the norm, the five-day, eight-hour workweek is under strain as hybrid work blurs boundaries, Gen Z redefines careers and AI adds 'workers' that never sleep; companies must rethink what a worker and work itself mean
Maya Nahum Shahl, Calcalist
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09:24 | 08.25.26
Draft evaders will no longer receive daycare subsidies, even if they are employed
Family in which father is defined as IDF deserter won't be eligible for subsidy even if he is employed, self-employed or salaried, presents pay stubs and pays taxes; All yeshivas harboring draft dodging students will not be able to grant donors tax deductions
Gad Lior, Shilo Freid
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20:25 | 08.24.26
Starbucks tells Seattle-area staff: Move or lose your job
Coffee giant is investing $100 million in a new Nashville office and cutting 120 Seattle-area workers who refuse to relocate, while another 104 jobs are being eliminated
News Agencies
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21:14 | 08.23.26
Colombia resumes coal exports to Israel in sharp break with Petro era
President Abelardo de la Espriella lifts the 2024 ban, calling it an ideological move that hurt jobs, revenue and investor confidence
Itamar Eichner
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13:05 | 08.23.26
‘It’s now or never’: why investors are still betting big on Israeli tech
Team8 partner Ori Barzilay says war has turned Israeli resilience into proof, as global investors chase AI winners and founders aim to build companies worth billions
Sharon Kidon
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11:34 | 08.23.26
'All investors and employees made money': At-Bay CEO defends $575 million sale
Israeli cyber insurer At-Bay is being sold to Munich Re for $575 million; CEO Rotem Iram says the deal rewards investors, employees and years of growth
Meir Orbach, Calcalist
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04:24 | 08.23.26
How much oil passes through the Strait of Hormuz each day? It depends who you ask
The US military estimates more than 7 million barrels a day crossed the Strait of Hormuz in the past three weeks, down from 20 million before the war; other estimates range from 5 million to 10 million
Calcalist
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01:53 | 08.23.26
From cinema usher to international CEO: the Israeli who built his career one movie at a time
Yakov Borover began his career at a Petah Tikva theater in 2005; two decades later, after surviving COVID, war and industry upheaval, he oversees Planet in Israel, Romania and Bulgaria
Anat Lev Adler
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13:49 | 08.22.26
Meet Cami Clark, the ‘first lady of AI’ shaping Anthropic and Dario Amodei behind the scenes
She has no formal role at Anthropic, but reports describe Cami Clark as a key adviser to CEO Dario Amodei, with a past spanning a women-focused porn startup, Silicon Valley connections and correspondence with Jeffrey Epstein
Lital Samet, Calcalist
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12:08 | 08.22.26
Rare collection of Mahatma Gandhi manuscripts sells for $1.69 million in India
A collection of 688 handwritten messages by Mahatma Gandhi, dating from 1944 to 1946, sold at auction in Mumbai for what the auction house called a record price for an Indian historical document
Calcalist, Reuters
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06:41 | 08.22.26
Stigg expands AI billing platform with Received.ai acquisition
Stigg acquired billing startup Received.ai, expanding its platform to connect customer contracts, usage-based entitlements and invoicing, while allowing companies to continue using billing systems such as Stripe and NetSuite
ynet Global
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08:29 | 08.21.26
Thousands of Australians targeted in investment scam network allegedly operating from Tel Aviv
An ABC investigation says the Sapphire Network used fake news sites, bogus AI trading platforms and payment fronts to target more than 4,000 Australians, with alleged links to call centers and businesses tied to Tel Aviv
News Agencies
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10:31 | 08.20.26
Cash under the mattress: Russians pull billions from banks amid war fears
Russians are withdrawing billions of dollars from banks amid fears the Kremlin could seize deposits to fund the war; Withdrawals reached $3.4 billion in the first two weeks of August, after $7.3 billion in July
Calcalist, News Agencies
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06:45 | 08.20.26
Israeli falafel chain in New York collapsed due to debt and BDS activists tried to take credit
Branches of the Ta'im chain in New York have been closed in recent days by the state's tax authorities over a debt dispute; BDS activists were quick to attribute the closure to the boycott campaign, though there is no evidence of this
Daniel Edelson in New York
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22:44 | 08.19.26
Sephora Collection lands in Israel with Glam 42 pop-ups
Private-label products go on sale at Azrieli malls and Glam 42 stores, while Sephora stresses it has no plans to open in Israel
Iris Lifshitz-Klieger
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17:59 | 08.19.26
Israeli businessman and philanthropist Shmuel Harlap dies at 82
Harlap chaired auto importer Colmobil and was a major Mobileye investor; a prominent philanthropist, he and his wife Anat donated about $180 million to Beilinson Hospital last year, the largest gift ever to Israel’s health system
Golan Hazani, Calcalist
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09:27 | 08.19.26
Why Miami’s most exclusive country club is keeping billionaires waiting
Jeff Bezos, Mark Zuckerberg, Qatar’s royal family and Ivanka Trump and Jared Kushner remain outside Miami’s Indian Creek Country Club, where old-guard members are defending one of the last enclaves money alone still cannot unlock
Daniel Edelson, New York
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11:14 | 08.18.26
Phone location data clears heir in battle over Tel Aviv apartment
A childless woman left her Tel Aviv apartment to an acquaintance; her cousin challenged the will, claiming he was present when it was drafted and influenced her, but courts rejected the claim twice
Attorney Dovrat Lubel Sharon, PsakDin
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09:52 | 08.18.26
Chinese sportswear giant ANTA to launch in Israel in Castro-Renuar venture
Rival fashion groups will invest about NIS 30 million in stores, online sales and distribution, with operations set to begin in 2027
Navit Zomer
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04:33 | 08.18.26
How the world’s richest woman spends her $134 billion fortune
Alice Walton largely stayed away from Walmart management, instead pouring her wealth into American art, a free museum and a new medical school, while a turbulent personal history includes serious crashes and a widely circulated mugshot
Yaniv Pohoryles
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03:34 | 08.18.26
When Elon Musk said 'Wow': How Israeli company Decart became a key player in the AI arms race
Why is AI giant Anthropic willing to pay $7 billion for an Israeli company that was founded only three years ago? It's not just the technology, but also the human capital of the company, led by brothers Dean and Orian Leitersdorf, scions of the famous financial aristocracy
Tal Shahaf
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13:26 | 08.17.26
Huawei ‘genius youth’ quits elite tech job to sell corn in rural China
Ning Boyu left Huawei after more than 1,000 days, saying the pressure of its elite program left him anxious; he later joined relatives selling corn before taking a research post in Sweden
News Agencies
|
09:52 | 08.17.26
AI agent put in charge of human workers, then decided to fire one
Luna, an AI agent managing Andon Market in San Francisco, fired a human employee for repeatedly arriving late to shifts; other workers described the experience of working under an AI manager as 'nauseating and disgusting'
News agencies
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02:30 | 08.17.26
Chinese banks, Dubai exchanges and the ‘shadow fleet’: How US plans to squeeze Iran
Washington is weighing pressure on Chinese lenders, currency exchanges, foreign companies and Iran’s oil network as it seeks unprecedented economic isolation, but analysts warn the measures could drive up oil prices and deepen tensions with Beijing
News Agencies
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07:34 | 08.16.26
Ukraine hits Russia where it hurts: the shopping cart
Drone strikes have hit most Wildberries logistics hubs, disrupting deliveries, destroying inventory and raising fears Kyiv is testing a strategy aimed at Russia’s civilian economy — with lessons for Israel
Yair Navot
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11:58 | 08.15.26
Trump targets drone imports with tariffs of up to 100%, including from allies
Trump said a Department of Commerce investigation found that drone and drone-component imports threaten US national security, citing the volume and circumstances of imports and the close link between economic welfare and national security
Calcalist
|
11:31 | 08.14.26
Aidoc, 12 US health systems launch consortium to speed diagnosis with AI
The group, whose members collectively treat nearly 20 million patients a year, will test AI-enabled diagnostic workflows, measure their impact on safety and turnaround times and develop shared standards for deploying the technology
ynet Global
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02:34 | 08.14.26
IAI posts record $449M profit, says IPO is ‘closer than ever’
Israel Aerospace Industries’ first-half net profit rose 40% to $449 million as its order backlog hit a record $35 billion, while talks with the government advanced toward a planned Tel Aviv offering of about 20% of the company
Navit Zomer
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17:44 | 08.13.26
Wiz founder Assaf Rappaport in talks to acquire McDonald’s Israel franchise
The tech entrepreneur, whose company Wiz was sold to Google for $32 billion, has entered talks with McDonald’s global management over the roughly 230-store Israeli operation, valued at an estimated $200 million to $300 million
Iris Lifshitz-Klieger
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04:56 | 08.13.26
Police gave him back 3.4 million shekels; His bank still refused to take it
The 3.4 million shekels were seized during a criminal investigation that later closed without charges, but Bank Hapoalim said the source of much of the cash remained unclear; a judge backed the bank, citing major money-laundering red flags
Attorney Itay Hacohen, Psak Din
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04:05 | 08.13.26
Lululemon's giant 80-liter bag sparks online mockery over its enormous size
Lululemon launched an 80-liter bag for $248, drawing online mockery over its massive size; The company says it was designed to carry everything from clothes and groceries to laundry, embracing the attention with a tongue-in-cheek marketing pitch
News Agencies
|
03:34 | 08.13.26
Apple settles antisemitism case after Jewish employee’s firing
Apple will pay $150,000 to settle an EEOC lawsuit alleging a Virginia store manager made antisemitic remarks, denied a Jewish employee’s requests for Shabbat time off and fired him after he refused to work on a Friday
Reuters
|
02:57 | 08.13.26
'Frozen Silk Road': Russia gains strategic opening as Hormuz crisis pushes shipping toward Arctic
China’s new Arctic route could cut Asia-Europe shipping times to about 20 days and bypass threats near Iran and Yemen, but its success would also strengthen Moscow’s control over a trade corridor emerging as melting ice opens northern waters
Zeev Avrahami, Berlin
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01:09 | 08.13.26
Trump’s pressure campaign is crushing Iran’s economy, but Tehran still isn’t bending
Sanctions and a naval blockade have hammered Iran’s currency, oil exports and household budgets, but Tehran is rationing essentials, subsidizing key imports and shifting costs onto citizens in a bid to keep the state functioning and delay concessions
Lital Samet, Calcalist
|
13:58 | 08.12.26
Elbit shares tumble despite global defense demand driving record backlog
Israeli defense giant's profit jumps 38% and backlog hits a record $32 billion as sales reach $2.3 billion, but shares slide 9.4% amid apparent profit-taking after a three-year surge
Navit Zomer
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10:27 | 08.12.26
Team8 raises $365 million to back the next generation of AI-native enterprise companies
Israeli venture group raises $265 million for its third capital fund and more than $100 million for follow-on investments, bringing total assets under management to nearly $2 billion as it bets on AI-native enterprise companies
Sophie Shulman, Calcalist
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08:28 | 08.12.26
OurCrowd names Cali Chill CEO after year leading firm through transition
Seven-year OurCrowd veteran had served as acting CEO since mid-2025, when founder Jon Medved stepped back for medical reasons; his formal appointment follows an operational overhaul and reported $2.4 billion sale of portfolio company BioCatch to Visa
ynet Global
|
07:23 | 08.12.26
Under Trump, socialism is no longer a political boogeyman
More than half of young Americans now view socialism favorably, driven by housing costs, student debt and health care anger, as figures like Zohran Mamdani, Alexandria Ocasio-Cortez and Abdul El-Sayed channel that frustration into politics with a sharper anti-Israel edge
Tzippy Shmilovitz
|
22:49 | 08.11.26
LinkedIn to close Israel R&D center, lay off dozens four years after Oribi acquisition
The Tel Aviv center was established in 2022 after LinkedIn bought Israeli analytics startup Oribi for an estimated $80–$90 million; about 50 employees are believed to work there, with only a small business team expected to remain
Meir Orbach
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22:27 | 08.11.26
Sephora products are coming to Israel — but Sephora stores aren’t
Selected Sephora Collection products will be sold through Glam 42 stores and Azrieli pop-ups under an official agreement; sources say supply will be ongoing, while the initial assortment is expected to include about 120 to 150 products
Meirav Crystal
|
21:33 | 08.11.26
Moody’s upgrades Teva to investment grade, citing growth and continued debt reduction
Ratings agency raises Israeli drugmaker to Baa3 with a stable outlook, pointing to stronger earnings, improving margins, solid cash flow and expectations that debt will continue to fall over the next 12 to 18 months
ynet Global
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19:46 | 08.11.26
What’s really disrupting global trade? Small businesses point to geopolitics and AI
Survey of more than 8,600 businesses in 20 countries finds 55% faced significant disruptions, with Asian markets reporting the highest rates as companies diversify suppliers and rethink hiring
ynet Global
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00:16 | 08.11.26
‘We intercepted dozens of UAVs’: Rafael CEO reveals Iron Beam’s battlefield breakthrough
Raised in a large religious family, Rafael CEO Yoav Tourgeman now stands at the forefront of Israel's defense industry; he discusses scientific breakthroughs, global challenges, Rafael's patriotic workforce and why an IPO is key to growth
ynet
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17:54 | 08.10.26
Business & Finance
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