Category: 6. Business
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Silver Surges by 5%, Gold Hits Another Historic Record High
Gold (XAU/USD) reached a historic high of $2,657 on Tuesday, fueled by rising geopolitical tensions, expectations of U.S. Federal Reserve rate cuts, and weak U.S. economic data. This represents a 1.1% gain on the day. Silver (XAG/USD) has… Continue Reading
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Intel launches Habana Labs Gaudi 3 AI accelerator
Intel Corp. today unveiled its next-generation AI solutions with the launch of Xeon 6 and Habana Labs Gaudi 3 AI accelerators, in another attempt to capture a major share of the AI chip market. The Xeon 6 is the last word in the… Continue Reading
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Leviathan partners sign $150m Haifa Group gas deal
The partners in Israel’s Leviathan offshore gas field – NewMed Energy (TASE: NWMD) (45.34%), Chevron Mediterranean (39.6%), and Ratio Energies (TASE: RATI-L) have reported signing an agreement to supply Haifa Group with 0.75 BCM of… Continue Reading
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Israel to consider limiting ownership of precious metals
Prime Minister Benjamin Netanyahu has asked officials to begin discussing measures to limit the circulation of black market currency to curb illegal activity in Israel. According to Ynetnews.com, a meeting will be held with Finance Minister… Continue Reading
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Goldman: Rate cuts will bring more capital into gold ETFs
For years, gold ETF flows almost perfectly correlated to the price of physical gold. That is, until early 2022 following Russia’s invasion of Ukraine. A recent report from Goldman Sachs, analyzed by Zerohedge’s Tyler Durden, show a… Continue Reading
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Israeli automated cybersecurity co Torq raises $70m
Israeli automated cybersecurity company Torq has announced the completion of a $70 million series C financing round led by Evolution Equity Partners, with participation from Bessemer Venture Partners, Notable Capital, Greenfield… Continue Reading
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UBS lowers Tel Aviv housing market to moderate bubble risk
Tel Aviv’s housing market has been re-categorized from the ‘yellow’ overvalued bubble risk category to the ‘grey’ moderate risk bubble category in the UBS Global Real Estate Bubble Index 2024. Two years ago Tel Aviv was in the ‘red’… Continue Reading
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Shekel firm despite fears of all-out war in north
Prico: The shekel’s depreciation potential has not yet been exhausted and the dollar may continue to strengthen above the level of NIS 3.8/$. Israel’s foreign exchange market remains… Continue Reading
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Israelis’ long-term savings up 10% in 2023
The public’s pension and long-term saving assets grew by almost 10% last year, to a total of NIS 2.5 trillion, according to the comprehensive report published by the Capital Markets, Insurance and Savings Authority, headed by Amit… Continue Reading
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Urban renewal: Potential for 16,000 new apartments in this city
The Central District Planning and Building Committee, headed by Attorney Micha Gidron, is expected to approve submitting the Urban Renewal Authority’s plan and the local committee for building renewal in Rishon LeZion. The plan covers the… Continue Reading
