Money
NIS 25.4 billion deposited in Savings for Every Child - but parental involvement is lacking
A NII report reveals: 84% of active savings are currently managed in provident funds. However, only about 63% of parents choose to double the monthly savings from the child allowance.
Quiet Shufersal moves raise question: Do store brands actually save consumers money?
The black box: How is a footballer’s price tag really determined?
IDF urges Gaza residents to exchange old banknotes, prevent Hamas's financial exploitation
High-tech workers, doctors leaving: Emigration wave hits Israel’s top income decile
Emigration rate among wealthy population nearly doubled compared to previous years, Tax Authority estimates potential tax loss at roughly NIS 700M.
July spending record: Daily average reached NIS 1.771 Billion
Shva data for July points to a 5.8% surge in charge card spending compared to last year, reaching NIS 54.857 billion. Meanwhile, cash withdrawals from ATMs climbed to a record NIS 6.057 billion.
Strong tech earnings lift major US indices
Strong AI-driven earnings from Amazon and Microsoft boost investor confidence, pushing major US stock indices closer to record highs.
Trump harasses new Fed chair Warsh with personal calls to unprecedented levels, sparking concern
Trump has reportedly repeatedly called Federal Reserve Chair Kevin Warsh for advice on Iran, AI, and the economy, raising concerns about the central bank’s political independence.
Tel Aviv among world’s most expensive for employers, least lucrative for employees
Study comparing employment costs across 13 US, European, and Israeli cities finds Tel Aviv ranking second only to San San Francisco.
How much does August cost for a family with three children?
In a regular school month, child-related expenses reach about NIS 8,600; in August, they can climb to roughly NIS 17,300.
Thousands of Bitcoin wallets hacked within half an hour
A fast, automated attack wave reconstructed weak keys and drained more than 1,367 Bitcoins. The transactions look completely legitimate, but for the victims, it is an $88 million blow.
Japan, US confirm joint yen-buying intervention, signal more action to prevent selloff
Aside from helping Japan as a ally in Asia, the intervention would help the US address concerns over extraordinary weakness in the yen that offsets the boost from Trump's tariffs, analysts say.
Considering withdrawing your pension? It's probably the worst decision you'll make
Financial pressure is causing masses of Israelis to tap into their savings, but the future damage could be irreversible. The Capital Market Authority is trying to save you from yourself.
Israel jumps to second place globally in Big Mac Index
According to the updated Big Mac Index by The Economist, Israel has climbed to second place in the world for the price of a Big Mac meal ($7.67), trailing only Switzerland.
