Category: Finance

Israel’s Consumer Price Index (CPI) for June delivered a surprising outcome as it remained unchanged, contrary to the expected rise of 0.2%-0.3%. CPI is commonly used as an indicator of inflation, and this development reinforces the notion that recent efforts by the Bank of Israel to ease the country’s inflation are paying off, at least […]

Thousands of people are embracing the exciting journey of aliyah (immigrating to Israel) and even amidst their enthusiasm, one burning question remains: Can you lead a comfortable life as a single person in Tel Aviv in 2023? Well, the answer has finally arrived, courtesy of TikToker @marcreator_, whose latest viral video has garnered over 375,000 […]

Across emerging markets, millions of informal workers are joining gig ​work ​platforms in sectors like ride-hailing, deliveries, and home, personal, and office services. Amidst welcome scrutiny on their working conditions, gig platforms will likely become a significant source of earnings for low-income segments globally.  Workers joining platforms in emerging markets are stepping into digitized, formal […]

Israel on Tuesday put its postal service on the block after completing a recovery and financial stabilization process and formulating a strategic plan for the coming years. The state’s privatization agency said it would sell 100% of Israel Post Co. to an investor or group of investors. Bids are due by September and the winning […]

Following the Bank of Israel’s decision not to raise its key interest rate on Monday, there is a question as to whether or not any government bodies are working to mitigate the country’s inflation. While that responsibility typically falls to both parties, some experts fear that the current government is too preoccupied with pursuing its […]

In its continuing effort to regulate Israel’s inflated economy, the Bank of Israel’s Monetary Committee is meeting today in order to decide whether it will raise Israel’s interest rate, which currently stands at 4.75%. Doing so would mark the eleventh consecutive raise, and even a minor .25% raise will bring the interest rate up to […]

Forget judicial reform, Israel’s presence in the West Bank, and whether Netanyahu is innocent or guilty. Israelis will never agree on those or most other issues. But one area everyone can get behind with enthusiasm is the perception that the country’s banks are making huge profits on the backs of its clients. So, what to […]

The district court has rejected a class action against the Israel Tax Authority (ITA) that allegedly made Israeli banks withhold excess tax at source from dividends from abroad (Yaacov Hostatzky vs. ITA, 20739-06-21, handed down May 14, 2023 by Judge Y. Saroussi). Main Facts: The case concerned an Israeli private individual who received dividends on […]

Roth IRA rates are not fixed but rather depend on the performance of the underlying investments you choose One of my most favorite questions that I often get as a financial planner is “What’s your best rates on Roth IRA’s?” Coming in at a close second is, “What’s the best stock to buy right now?” […]

Building wealth takes time and patience, but it also requires you to take real, actionable steps with your money. After all, you won’t get rich by keeping your extra cash under your mattress and hoping for the best. You have to invest your money if you want it to start growing to its full potential. […]