Category: 6. Business
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TASE falls, shekel weakens after explosions in Lebanon
Hundreds of Hezbollah members have been seriously injured after the pagers they use for communications exploded, a security source has told “Reuters.” Hundreds of Hezbollah members… Continue Reading
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Kahlon to be indicted subject to hearing on Unetcredit affair
The State Attorney has informed former Minister of Finance Moshe Kahlon, who served as chairman of non-banking credit company Unetcredit, and controlling shareholders and other executives Tzachi Ezer, Shai Penso and Shlomo Isaac,… Continue Reading
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Selina cofounders quit, as Israel operations halt
Israeli hospitality chain Selina (Nasdaq: SLNA) cofounders CEO Rafael Museri and chief growth officer Daniel Rudasevski have stepped down from their management positions, according to a report to the TASE by strategic partner Hagag… Continue Reading
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U.S. election: Analyzing what’s next in precious metals
With the U.S. Presidential election scheduled for Nov. 5, it’s hard not to wonder what the correlation is between precious metals and Republican or Democratic presidents. The answer is: There isn’t much of one, however, gold has… Continue Reading
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S&P Global: Gold discoveries dropping among miners
Every year since 1990 has featured at least one major gold discovery by miners, which led to a notable increase in the supply of the yellow metal. That is, until 2023, when global mining companies invested a staggering $5.9 billion into… Continue Reading
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Palladium up 20% in eight trading days
Palladium has rallied 20% in the last eight trading days, giving hope to investors who have experienced negative returns for three consecutive years. Palladium’s price has dropped 33% over five years and 48% over the last two years, but… Continue Reading
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REE jumps on strategic Motherson deal, raises $45m
Israeli commercial fleet vehicle electrification company REE Automotive. (Nasdaq: REE) saw its share price jump 44% yesterday on Wall Street, after announcing a global manufacturing agreement with Indian engineering company and… Continue Reading
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As the West clamps down, Chinese cars flood Israel
More than 50,000 new cars are expected to arrive in Israel by the end of the year, most of them made in China. The main reason for the flood is the rise in purchase tax due at the beginning of 2025, but a global trade war aimed at… Continue Reading
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Generative AI co Jeen.ai agrees TASE merger with Micronet
Micronet (TASE: MCRNT) has notified the Tel Aviv Stock Exchange (TASE) that it will merge into generative AI company Jeen.ai. Previously Micronet developed and produced computer systems and terminals for managing employees in the… Continue Reading
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Intel pleases stock market, but Chinese lie in wait
Yesterday, Intel Corporation CEO Pat Gelsinger all but said the word he has not been able to bring himself to utter in his three years in the job: spin-off. The CEO who has been committed to Intel’s unity was unable to bear the… Continue Reading
