Bitcoin hit a new record high of over $72,000 on Monday after topping $70,000 for the first time on Friday. The cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. Bitcoin is a type of […]
Continue ReadingFor over a month and a half, bitcoin stock has been only been going in one direction – up. This is roughly a 50% increase, investors are left wondering how long it will continue in this direction. Bitcoin, in the simplest terms, is a cryptocurrency. It isn’t held in the bank, but it is […]
Continue ReadingFinance Minister Bezalel Smotrich (Religious Zionist Party) on Wednesday authorized a new public committee on the structure of the IDF and the defense budget to examine IDF pensions. He announced his approval in a letter to Likud MK Hanoch Milwidsky, who published it on his X account. The move followed repeated calls by Milwidsky. […]
Continue ReadingFinance Ministry Director-General Yali Rothenberg completed a public issuance of US bonds in the international markets totaling $8 billion. This came as a reaction to the high demand for Israel’s US bond issuance. In the issuance, demands reached approximately $38 billion, the highest in Israel’s history. Three new bonds were issued for terms of […]
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Israeli banks said on Monday they were heeding US sanctions against four West Bank settlers accused of violence against Palestinians, despite calls by the finance minister and another far-right cabinet member not to comply. In a signal of Washington’s growing displeasure with Israeli conduct in the occupied territory even as the allies cooperate in the […]
Continue ReadingThe Bank of Israel announced that the interest rate will remain unchanged and will continue to stand at 4.5%. This decision comes despite last month’s first recorded 0.25% decrease since the coronavirus outbreak in April 2020. According to Amir Yaron of the Bank of Israel, “The interest rate decision weighs several factors. Some of […]
Continue ReadingRami Levy, CEO of the brand named after him, has called a shareholders’ meeting to approve improved employment terms for himself and his daughter Yafit Atias Levy, who serves as the marketing deputy manager in the chain. The purpose of the meeting is to approve Yafit Levy’s salary to NIS 643,000, compared to NIS […]
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Israel bonds are a smart investment with strong rates and are meaningful investments, serving as a symbolic connection with Israel and the people of Israel for Jews worldwide. “When you buy an Israel bond you’re connecting to Israel, and the more people we can connect to Israel, the more positive messages we can send,” says […]
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In an unprecedented legal proceeding, the American government opened an investigation into Finkelstein Metals and is examining the government’s conduct, Maariv reported Wednesday morning. According to the American authorities, grants received by the company due to activities in a development zone constitute a prohibited government subsidy, and they allowed the company to sell its products […]
Continue ReadingIsrael plans to take out a loan of $60 billion, freeze hiring in government offices, and raise taxes in order to pay for the ongoing war in Gaza, the Finance Ministry’s chief accountant, Yali Rothenberg, as reported by the Financial Times. Currently, the country is facing a major economic crisis, with major expenses due […]
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