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Economy·12m ago

Bank of America urges clients to go long dollars against the shekel

Bank of America has recommended a three-month long dollar position against the shekel, citing overvaluation in the Israeli currency and expected Fed rate hikes. The bank targets 3.14 shekels per dollar, with a stop-loss at 2.9, after the dollar recently rose to near 3 shekels.

Globes
Politics·12m ago

Rabbi Shmuel Betzalel Tells Military Prisoners Their Only “Offense” Is Torah Study

Rabbi Shmuel Betzalel, head of Porat Yosef yeshiva, addressed yeshiva students and scholars held in Military Prison 10 through loudspeakers at the prison entrance. He said their only “crime” was Torah study, defended their detention, and urged them to remain spiritually strong. לדבריו, Torah is essential to the survival of the Jewish people, and he expressed hope the pressure on Torah learners would end.

Kikar HaShabbat
Culture·18m ago

Weekend Picks: Larry David’s New Series, Schnit Beer Night, and More

Larry David’s new HBO Max series, a Tel Aviv brewery event, a Gesher Theater revival, a swimwear collection, the Tel Aviv Student Film Festival, and Daniel Kehlmann’s new Hebrew novel are among the weekend recommendations. The roundup highlights dates, venues, prices, guests, and the creative themes behind each pick.

Calcalist
World·27m ago

Massive Quakes Rock Venezuela, Raising Fears of Heavy Losses

Two major earthquakes, measuring 7.2 and 7.5, struck Venezuela overnight near San Felipe and Yumaré, causing building collapses, infrastructure failures and an airport shutdown. Acting President Delcy Rodríguez declared a national emergency, while officials reported at least 48 injured and warned the death toll could rise sharply.

Now 14·+1 outlet · 50% center
Security·31m ago

Contract Worker for Defense Ministry Killed in Building Collapse in Gaza

Raad Abu al-Qia'an, a contract worker for Israel’s Defense Ministry, was killed Tuesday in a building collapse in Jabaliya, Gaza. The IDF said he died in an operational accident while engineering work was being carried out, and his family was notified.

Globes·+10 outlets · 60% center
Sports·39m ago

South Africa Makes History, Mexico Advances Perfectly at World Cup 2026

South Africa beat South Korea 1-0 to reach the World Cup knockout stage for the first time and finish second in Group A. Mexico completed a perfect group stage with a 3-0 win over Czech Republic in Mexico City, while Czech Republic was eliminated.

N12·+2 outlets · 100% center
Politics·45m ago

Trump’s European Allies Are Receding as His Popularity Sours

Donald Trump is losing key European nationalist allies, highlighted by a public rupture with Italian Prime Minister Giorgia Meloni. As support for Trump weakens across Europe, leaders who once embraced him are distancing themselves, especially after the Iran war and his attacks on Europe.

N12·+1 outlet · 100% center
Tech·46m ago

China Tops Global Supercomputer List Despite U.S. Chip Curbs

China’s LineShine supercomputer has taken first place on the Top500 list for the first time since 2017, overtaking the U.S.-based El Capitan. Built largely with CPUs rather than restricted GPUs, it underscores both China’s progress and the limits of U.S. chip controls.

Calcalist
World·50m ago

Turkish Drone Maker to Fund Scholarships for Palestinian Students

Baykar, Turkey’s biggest drone maker, signed an agreement to fund scholarships for Palestinian students studying in Turkey. The article also reports a surge in Indian defense exports benefiting Israeli firms, and Britain’s plan to send major new drone and air-defense aid to Ukraine.

Globes
Economy·52m ago

AI-Led Exports Are Distorting Israel’s Growth Numbers, Economist Says

Economist Alex Zbezynski says Israel’s growth numbers are being distorted by a small number of AI-linked companies that develop in Israel but manufacture and sell abroad. He argues those firms accounted for roughly half of growth, while the broader domestic economy remained weak. Industry groups warn the trend is accelerating, while a senior government official says it is a natural, tax-generating development.

Globes
Weather·53m ago

Partly Cloudy Weather, Temperatures Near Seasonal Average

Israel’s weather will be partly cloudy today and pleasant later, with temperatures near seasonal norms. Tonight will be partly cloudy to cloudy, with highs ranging from 28 in Jerusalem and Haifa to 38 in Eilat.

Ynet·+2 outlets · 67% center
Security·53m ago

Newly Released IDF Logs Reconstruct the Abduction of Gilad Shalit

The IDF Archive has released the first official Southern Brigade operations logs from Gilad Shalit’s abduction on June 25, 2006. The documents detail Hamas’s tunnel attack near Kerem Shalom, the deaths of two soldiers, and the hour-by-hour realization that Shalit had been kidnapped.

Arutz Sheva·+7 outlets · 63% center
Economy·54m ago

Tel Aviv IPO Wave Splits Winners From Losers Amid Market Weakness

May brought a record wave of 14 IPO prospectuses in Tel Aviv, with seven listings already completed and mixed trading results. Galam, Best, Almadev, and T&M have risen, while Tedehar, Biga, and Rustic Bakery have fallen. Most pending offerings are still expected to go ahead, though Aviv Group has already canceled its IPO.

Globes
Economy·55m ago

Investor Mortgages Surge as Buy-to-Let Buyers Get Stuck With Apartments

Bank of Israel data show investor mortgages have jumped more than 50% since early 2023, reaching a record 1.46 million shekels in May. The surge is tied to developers’ pre-sale promotions, which delayed payments and encouraged buyers to take large balloon-style loans. As projects near completion and resale becomes harder, hundreds of investors a month are now being forced to activate those mortgages.

Globes
Economy·55m ago

Bank Supervisor Says Trading Fee Reform Should Let Competition Set Prices

Israel’s regulators have unveiled a securities trading fee reform that separates advice from management fees, adds flexible pricing options, and aims to make costs more transparent. Bank Supervisor Dani Hahiasuoli said competition should influence prices, while future decisions will address pricing tiers and possible price controls.

Calcalist
Politics·55m ago

Naftali Bennett Unveils Sweeping Plan to Reshape Israel’s Education System

Naftali Bennett presented a sweeping education reform on Wednesday that would overhaul the Education Ministry, expand AI in schools, and enforce a shared core curriculum. He also proposed major changes to special education, early childhood oversight, and high school structure. Bennett sharply criticized Education Minister Yoav Kisch and said the plan aims to transform Israeli education.

Walla
Economy·55m ago

Kedma plans a 4 to 5 billion shekel gas power plant on Iskor land in Ramla

Kedma Capital is advancing a 900-megawatt natural-gas power plant on Iskor land in Ramla, with construction estimated at 4 billion to 5 billion shekels. The project has received prior government and regulatory approvals and would replace the existing factory on the site.

Calcalist
Sports·58m ago

Cup Final Case Likely to End in Deal, with Major Penalty Cuts Expected

Maccabi Tel Aviv and Hapoel Be'er Sheva appeared before the Football Association's disciplinary court over punishments from the State Cup final. A plea bargain now appears likely, with several players facing sharply reduced bans and others still set for significant suspensions.

N12·+1 outlet · 100% center
Sports·1h ago

What Comes Next for Noam Yaacov After Going Undrafted?

Noam Yaacov went undrafted in the NBA draft in New York, leaving him with several paths toward the league. He is set to play for Israel, may join the Las Vegas Summer League starting July 9, and could attend the University of Utah if he does not sign an NBA contract.

N12·+1 outlet · 100% center
Sports·1h ago

Jewish Forward LJ Jones Drafted by Golden State at No. 5

Golden State drafted Jewish forward LJ Jones, a 24-year-old from Florida State, with the No. 5 pick in the NBA draft. Jones, who has ties to Israel and hopes to play for its national team, may start with the Warriors' G League affiliate but is viewed as a possible immediate NBA contributor.

N12·+1 outlet · 100% center
Sports·1h ago

Sacramento Picks Emmanuel Sharp in Draft, Yaaqov Still Waiting

Sacramento chose Emmanuel Sharp 45th overall in the second round of the NBA Draft. The University of Houston guard, son of Derrick Sharp, is now hoping for an NBA contract, while Yaakov remained undrafted at that stage.

N12·+2 outlets · 100% center
World·2h ago

Strong Quakes Strike Venezuela, Causing Deaths and Heavy Damage in Caracas

Two strong earthquakes struck Venezuela overnight, killing multiple people and causing major destruction in Caracas and surrounding areas. The USGS warned of likely heavy casualties, and a temporary tsunami alert for Caribbean territories was later canceled.

N12·+3 outlets · 100% center
Sports·3h ago

Brazil Advance as Neymar Returns After 981 Days

Brazil reached the next round of the 2026 World Cup in first place after Vinicius scored twice. Neymar returned for Brazil after 981 days, drew praise from fans and media, and said he felt healthy and excited.

Mako·+1 outlet · 100% center
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Original
Sports02:00 · 1h ago

Sacramento Picks Emmanuel Sharp in Draft, Yaaqov Still Waiting

Center
Translated & summarized from N12 by baba
The story · English

Sacramento selected American-Israeli guard/shooter Emmanuel Sharp with the 45th pick in the second round of the NBA Draft. Sharp, a University of Houston standout and the son of Maccabi Tel Aviv legend Derrick Sharp, is now hoping to secure a contract and realize his NBA dream.

The selection came in what the article described as a special night for Israeli basketball. Sacramento, the former team of Omri Casspi, is one of the NBA's youngest rosters and had used the seventh overall pick only a day earlier on point guard Darius Acuff Jr.

The report also noted that another Israeli guard, Yaakov, was still waiting to be picked as live updates from the second round continued. The article was published on June 25, 2026, at 05:00.

Read the original at N12