Globes

Originally in Hebrew · 40 stories

Hormuz Reopens on Paper, but Shipping Firms Say the Real Test Is Ahead

Iran and the United States announced a ceasefire memorandum and said the Strait of Hormuz would reopen immediately after more than 100 days of war. Shipping experts say the reopening will be slow and uncertain because of possible mines, hidden vessel traffic, and congestion.

Economy18m ago

Hawkish Fed Tone Pressures Wall Street as Asian Markets and Futures Rebound

Asian stocks were mixed, U.S. futures rose, and Wall Street looked set for a rebound after the Fed kept rates at 3.75% but sounded hawkish. The message drove Treasury yields higher, pressured most sectors, and boosted rate-sensitive market expectations, while oil, the dollar, and crypto also moved on macro and geopolitical developments.

Economy43m ago

Tel Aviv stocks slip again as oil falls and markets digest Fed signals

Israeli stocks are set to open lower again after a 5% weekly drop, with weak local macro data, falling oil prices and negative arbitrage in dual-listed shares adding pressure. Markets are also reacting to a hawkish Fed, while analysts still expect the Bank of Israel to cut rates in July. Meanwhile, SpaceX’s surging valuation is drawing sharp warnings from Morningstar, Paul Krugman and Michael Burry.

Economy50m ago

Next Vision Founders Sell Shares for $200 Million After Sharp Stock Surge

Next Vision founders announced another share sale worth $200 million, lifting their total disposals over the past year above 1 billion shekels. The company’s stock has soared more than 5,700% since its 2021 IPO and now ranks among Israel’s largest listed firms.

Economy3h ago

At 27, he says he has nearly doubled his money in four years by buying tech stocks

Ofek Halperin, a 27-year-old from Kiryat Ono, says he has nearly doubled his money in four years through a tech-heavy stock portfolio. He learned after selling during the 2020 COVID crash that he should not sell in a falling market. He now keeps almost all of his savings in equities, mainly technology, defense, chips and a small crypto allocation.

Economy3h ago

Qualcomm’s AI and auto push is reviving investor interest

Qualcomm has rallied after revealing a large data center customer, but the market still values it mainly as a cheap, underappreciated smartphone chip company. Apple’s looming exit is a major risk, while cars, IoT, PCs and data center AI chips could become new growth engines.

Economy3h ago

Tower Semiconductor Surges Past Israel’s Biggest Banks After Years of Rescue

Tower Semiconductor’s market value has surged past Bank Hapoalim and could soon exceed Bank Leumi, after rising about 590% in a year. The company, once burdened by more than $500 million in bank debt, has rebounded through restructuring, AI-related growth and strong recent results.

Economy3h ago

Israel’s New Land Price Index Shows a 25% Drop Since Rate Hikes Began

Israel’s Central Bureau of Statistics has launched a new annual land price index that will track residential land sold in state tenders and the free market. The index shows land prices have fallen 25% since interest-rate hikes began in 2022, after sharp swings in recent years.

Security3h ago

Spain Trains Lebanese Army in Mine Clearance as Europe and the U.S. Expand Defense Spending

Spain has finished training Lebanese army troops to clear mines as part of a wider international effort led by MTC4L. The article also outlines major new U.S. and Polish defense procurement plans and highlights an Estonian communications system designed for unmanned warfare.

Economy3h ago

Finance Ministry Readies 2027 Budget Omnibus With Tax Hikes and Major Reforms

Israel’s Finance Ministry is preparing a sweeping 2027 budget package centered on higher taxes and major financial reforms. The plan targets insurance agents, financial regulation and long-standing tax exemptions, while trying to offset soaring defense spending and debt.

Politics3h ago

U.S. and Iran Sign Immediate Ceasefire Memorandum, Officials Say

The United States and Iran signed a digital memorandum of understanding overnight, making it effective immediately. The deal is described as ending the war and includes immediate cessation of military activity, including in Lebanon, with implications for Israel and the Strait of Hormuz.

Politics10h ago

Trump’s Iran Shift Could Open the Door to Sanctions Relief and a Nuclear Deal

The article says Trump has shifted from trying to weaken Iran to pursuing an agreement that could lower oil prices and aid his political goals. It warns that a deal could bring Iran about $300 billion, lift sanctions, and strengthen its military and nuclear threat. The piece argues this would leave Israel facing a more capable Iran.

Politics11h ago

Draft Deal Would Give Iran Huge Economic Relief, Including $300 Billion Rebuild Plan

A published U.S.-Iran memorandum reportedly offers Tehran major economic concessions, including a proposed $300 billion reconstruction fund and the lifting of sanctions on Iranian oil exports. The report says the deal would also open the door to renewed trade with Europe and would be finalized within 60 days.

Economy12h ago

Warsh Leaves U.S. Rates Unchanged in First Federal Reserve Decision

The Federal Reserve kept rates unchanged at 3.75% in Kevin Warsh’s first major policy decision as chair. Investors are now watching his first press conference for signs of whether he will take a tougher line on inflation or yield to political pressure.

Politics12h ago

Full Draft of U.S.-Iran Understanding Sets Ceasefire, Sanctions Relief and Nuclear Terms

A full U.S.-Iran memorandum published Wednesday outlines an immediate ceasefire, phased sanctions relief, and a path to a final agreement within 60 days. It also sets terms for Iran’s nuclear program, commercial shipping, frozen assets, and a possible $300 billion reconstruction plan.

Security14h ago

Pentagon Pushes Cheaper Missiles to Rebuild U.S. Stockpiles Faster

The Pentagon is pushing cheaper missiles to rebuild depleted U.S. stockpiles faster and cut costs. The Army wants container-launched cruise missiles under $500,000 and air-defense missiles under $250,000, while firms including CoAspire, Leidos, Anduril and Zone 5 compete for contracts. The move comes as Tomahawk and Patriot production remains slow and expensive, especially after heavy U.S. use in the Iran conflict.

Politics14h ago

Supreme Court Ruling Clears the Way for Potential Resumption of Reshet 13 Sale

Israel’s Supreme Court ruled that the outgoing Second Authority Council can continue operating and may review the stalled sale of Reshet 13. The decision freezes the government’s March appointments, lowers the quorum requirement, and deals a blow to Communications Minister Shlomo Karhi.

Tech14h ago

Top Israeli Tech Executives Debate 2026 Growth, FX Pressure and AI Job Cuts

Top Israeli tech executives met in Tel Aviv for Globes’ TECH IL conference to discuss industry trends, FX issues, cyber exits and defense tech. The event also unveiled Globes’ 10 most promising startups, chosen by a record 100 venture capital funds.

Tech15h ago

At TECH IL 2026, AI, Cybersecurity and the Future of Israeli Tech Take Center Stage

At TECH IL 2026, Shlomo Kramer, Liad Agmon and Ami Luttwak discussed how AI is reshaping cybersecurity, hiring and Israeli tech. Kramer downplayed sale rumors about Cato Networks, Agmon said AI is shrinking the need for junior staff, and Luttwak said AI is forcing cybersecurity companies to react much faster.

Economy15h ago

Moon Active lays off about 55 more employees in another restructuring round

Moon Active is laying off about 55 employees, including 25 in Israel, in a targeted restructuring of two studios. The Israeli game company had already cut 110 workers in January 2025 and had another reduction round earlier that year.

Economy15h ago

Tel Aviv Stock Exchange Falls Alone as Global Markets Rally After U.S.-Iran Deal

The Tel Aviv Stock Exchange has fallen sharply since the U.S.-Iran agreement, even as global markets rallied on lower energy prices and improved sentiment. Analysts said Israeli stocks are reacting to geopolitical concerns specific to Israel, while also noting local macroeconomic pressures and possible rate cuts by the Bank of Israel.

Economy16h ago

Israel Weighs Limits on Data Center Expansion in Central Region

The Knesset Interior Committee debated a bill to fast-track data centers as national infrastructure, while ministries and regulators pushed to limit new centers in central Israel. Officials and lobbyists warned that unchecked growth could strain the power grid and raise electricity prices, especially near major demand centers.

Politics16h ago

Knesset Grants Immunity to MK Tally Gotliv After Disclosure of Shin Bet Officer's Name

The Knesset voted to grant MK Tally Gotliv immunity from prosecution after she revealed the name of a Shin Bet officer. Lawmakers backed both the claim that she acted as part of her parliamentary role and the claim that the indictment was filed in bad faith. The attorney general had planned to indict her for disclosing classified information.

Economy16h ago

Bank Leumi to credit eligible customers with one-time 700 shekel bonus

Bank Leumi will pay eligible customers a one-time 700 shekel bonus in July 2026 under the Bank of Israel relief framework. The move, estimated to cost 150 million to 200 million shekels, comes amid broader pressure on banks over high profits and low returns to customers.

Security17h ago

State Prosecutors Charge Suspect in Russian-Speaking Elder Scam Network

Israeli prosecutors have indicted Oleg Pogosyan, 31, of Bat Yam, over alleged involvement in a fraud network that targeted Russian-speaking elderly people nationwide. The scheme allegedly involved impersonating officials, collecting cash and valuables from victims, and selling stolen gold worth about 500,000 shekels. Prosecutors are seeking to hold him until the end of legal proceedings.

Economy17h ago

Where Iran’s Frozen Billions Are Held Around the World

Iran is trying to recover frozen overseas assets, with talks focused on at least $24 billion of a much larger pool. The biggest sums are believed to be in China, Iraq, India, South Korea and Qatar, though all amounts are estimates.

Tech17h ago

Israeli Tech Leaders See AI as Opportunity, but Warn of Skills, Infrastructure Gaps

At Globes’ TECH IL conference, Israeli investors and founders said AI could strengthen local tech, but only if Israel invests more in education, infrastructure, and data centers. They also predicted major shifts in jobs, cybersecurity, and where AI value will accrue.

World17h ago

Trump and Europe Find Unusual Common Ground at G7 in France

At the G7 summit in Evian, Donald Trump surprised European leaders by staying engaged, backing Ukraine, and endorsing continued pressure on Russia. The leaders also appeared to converge on a possible deal linking support for Ukraine with European help in the Strait of Hormuz crisis.

Tech18h ago

Voicenter CEO Says AI Should Reach Every Sector, Not Just Tech

At Globes' TECH IL 2026 conference, Voicenter CEO Nitzan Gutman said AI should be deployed across all sectors, not kept inside high tech. He said AI is changing communications, management structures and job definitions, while creating opportunities in areas like transportation, law, education and other industries.

Health18h ago

Shin Bet to Probe How Psychiatric Drugs Ended Up in Baby Food

Psychiatric drugs were found in Prinok baby fruit purees sold in Jerusalem, triggering a police and Shin Bet investigation. The Health Ministry closed two stores, warned hospitals and parents, and said the affected children have been discharged.

Tech18h ago

Wiz Co-Founder Says AI Is Forcing a Full Reset in Cybersecurity

Wiz co-founder Ami Luttwak said AI is transforming cybersecurity so quickly that companies must rethink their entire response model. Speaking at Globes’ TECH IL conference after Wiz’s $32 billion sale to Google, he said firms that do not adapt fast enough will become irrelevant.

Economy18h ago

Lawyer Says Israeli Tech Is Strong, But Startup Funding Is Tightening

Attorney Eran Yaniv said Israeli tech remains strong but startup funding is becoming harder to access. He warned about greater capital concentration, more companies and R&D talent moving abroad, and urged new financing channels. Despite those risks, he expects continued M&A activity and more sector successes.

Security19h ago

Israeli Defense-Tech Leaders Say Drone Threat Is Real, but Not a Total Surprise

At a Globes TECH IL panel, Israeli defense-tech leaders said Israel is adapting to fiber-optic drone threats and must keep innovating. They argued the war and global rearmament are likely to keep boosting defense spending and investor interest.

Tech19h ago

At TECH IL, Microsoft and Port Leaders Say AI Will Reward Human Judgment

At Globes’ TECH IL conference, Microsoft Israel R&D head Michal Braverman-Blumenthal and Port founder Zohar Eini said AI is reshaping software development and security. They argued Israel has strong AI and cyber foundations but needs a national AI strategy, and that human planning and judgment will remain central.

Economy19h ago

FlyAll Sign-Up Bonus Cut as Demand Surges

Cal has cut FlyAll’s sign-up bonus from $250 to $75 after unusually strong demand. The card, launched with Issta, competes in a heated Israeli battle over travel rewards and cashback. Cal says the reduced bonus still shows public confidence in the product.

Politics19h ago

Supreme Court Raises Serious Doubts Over Yehuda Eliyahu’s RMI Appointment

The High Court of Justice heard three petitions challenging Yehuda Eliyahus appointment as head of the Israel Land Authority. Judges signaled serious problems with the process, while the state asked for a delay after new allegations emerged about a selection committee member. The dispute comes amid a slowdown in RMI land tenders and the lack of a permanent agency director since Yanki Quinet left.

Tech19h ago

Innovation Authority Executive Warns Israel’s Startup Brand Is Eroding

Karem Nebo, a top Innovation Authority official, told Globes’ TECH IL conference that Israeli high-tech had a strong year but also faces structural decline. She warned that falling R&D employment, fewer new startups and damage to the startup-nation brand are pushing more activity and talent abroad.

Tech20h ago

Cyberstarts Partner Says AI Is Reshaping Both Defenders and Attackers

At Globes' TECH IL conference in Tel Aviv, Cyberstarts managing partner Hila Zigan said AI is reshaping cybersecurity for both defenders and attackers. She described new investment waves in AI-related cyber categories, argued that startups must move much faster, and said Israeli founders still have an advantage.

Tech21h ago

Globes Publisher Says Facts, Not Opinions, Are the Antidote to Social Fragmentation

At Globes’ Tech IL conference in Tel Aviv, publisher Alona Bar-On cited Edelman research showing growing social “insularity” and reality bubbles in 2026. She said Globes responds by emphasizing “more facts and fewer opinions” and by showcasing its 20-year startups project.

World21h ago

Tehran Says It Emerged Stronger From the War With the U.S. and Israel

The Financial Times reported from Tehran that Iranian officials believe the war with the U.S. and Israel strengthened, rather than weakened, their regime. The paper said Iran’s control over the Strait of Hormuz, institutional continuity, and repression of dissent have reinforced that view.