Category: 6. Business
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Gold Shatters 44-Year Resistance Trendline Sending Powerful Bullish Sign
Gold has shattered a 44-year-old resistance level, soaring to an all-time high of $2,656 per ounce. This historic breakthrough marks a significant milestone for the precious metal, potentially ushering in a new era for the commodity that… Continue Reading
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Despite EU green light European airlines stay away from Israel
Despite the decision by the European Union Aviation Safety Agency (EASA) to lift its recommendation not to fly to Israel, European airlines are still reluctant to fly to Israel. Hungarian low-cost carrier Wizz Air has canceled all… Continue Reading
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1 in 4 employees withhold inventions from employers
A new study by the Coller School of Management at Tel Aviv University reveals that one in four employees in commercial organizations withhold inventions from their employers, potentially causing significant damage to businesses, especially… Continue Reading
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Tel Aviv court orders OpenWeb to freeze ousting of CEO
Israeli open engagement platform unicorn OpenWeb CEO and cofounder Nadav Shoval has won a temporary victory in the Tel Aviv District Economic Court, which has ordered the suspension of his dismissal until a court discussion on the… Continue Reading
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Rents in Tel Aviv resume rise
The average monthly rent for an apartment in Tel Aviv in the second quarter of 2024 was NIS 7,000, up 4.9% from the second quarter of 2023, the Central Bureau of Statistics reports. Despite this statistical rise, industry sources… Continue Reading
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Over half Israelis’ savings flow to S&P 500 in 2024
Until three years ago, the S&P 500 Index, which comprises the largest companies in the US, was the province of expert investors in Israel. Barely 1% of the total amount of money invested for the long term was channeled to the US… Continue Reading
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Professor: Modern economic theory is lacking
Johns Hopkins Professor of Applied Economics Steve Hanke recently told Kitco News that the modern way of teaching economics has led to the Federal Reserve implementing subpar strategies to combat inflation. The well-respected educational… Continue Reading
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Israeli company wins award for remote crane control technology
An Israeli company has won the prestigious “Technology Innovation of the Year” award for its groundbreaking remote crane control technology, which uses artificial intelligence (AI) and augmented reality (AR) to safely manage construction… Continue Reading
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Big investors leaving Israel’s real estate market
Investors who buy large numbers of apartments are leaving Israel’s real estate market, according to the August 2024 survey by the Ministry of Finance chief economist. The survey found that while until recently these big investors… Continue Reading
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Home sales show signs of slackening
Is the pace of the recovery in Israel’s residential real estate market slackening? Figures from the Central Bureau of Statistics show a decline in home purchases at the end of the summer, but no firm conclusions can be drawn yet,… Continue Reading
