Shufersal, Israel’s leading retailer, announced its financial results for the second quarter and the first half of 2023, showing stability and diversification in its core...
Global stocks suffer worst month in a year amid China and US woes
Global stock markets have lost about $3tn in value this month, as a “witches’ brew” of gloomy Chinese economic data and surging US borrowing costs...
AUD/USD rebounds from 10-week low as US dollar weakens ahead of PMI data
The Australian dollar gained some ground against the US dollar on Wednesday, recovering from a 10-week low of 0.6405 reached on Tuesday. The AUD/USD pair...
Seaport Research Partners Downgrades S&P 500 Outlook Amid Rising Volatility
Seaport Research Partners, a Wall Street firm, has lowered its year-end target for the S&P 500 index from 4,650 to 4,500, citing increasing volatility in...
Teva and Glenmark to pay $255 million for drug price-fixing in the US
Teva Pharmaceutical Industries Ltd. and Glenmark Pharmaceuticals Ltd. have agreed to pay a total of $255 million in criminal penalties and make divestitures as part...
Oil prices fall on worries of rate hikes and China’s economic slowdown
Oil prices dropped on Wednesday, extending the losses from the previous session, as concerns over higher interest rates in the US and lower growth prospects...
Natural Gas Price Remains Under Pressure Despite Bullish Outlook
Natural gas price has been trading in a narrow range near 2.650 level for the past few days, despite the attempts of the stochastic indicator...
Gold Investors Remain Bullish as Fed Keeps Interest Rates High
Gold is not losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure...
Silver Price Rises to Two-Week High Amid Bullish Momentum and Market Uncertainty
Silver Price (XAG/USD) has been on a steady uptrend for the past five days, reaching a two-week high of $23.50 during the mid-Asian session on Wednesday. The...
MediWound Reports Strong Q2 2023 Earnings and Positive Outlook
MediWound Ltd., a biopharmaceutical company that develops and commercializes novel solutions for tissue repair and regeneration, announced its second quarter 2023 financial results on August...
USD/CAD Rises to Highest Level Since June as Bulls Remain in Control
The USD/CAD pair extended its recent bullish momentum and climbed to its highest level since early June on Monday. The pair was supported by a...
Selina’s Stock Plummets to Record Low After Massive Sell-Off
Selina, the Israeli-founded hospitality company that went public last October through a SPAC merger, saw its stock price drop by 41% on Friday, August 20,...
Pound Sterling rises against US Dollar despite lack of buying momentum
The British Pound (GBP) gained some positive traction against the US Dollar (USD) on Monday, but remained below the mid-1.2700s level as the market lacked...
Gold prices edge up as China cuts rates, but copper remains subdued
Gold prices rose slightly on Monday, recovering from a five-month low hit last week, as investors sought some safe-haven appeal amid concerns over China’s economic...
Oil Prices Rise on Tight Supply and Demand Outlook
Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth...
UK inflation drops to 6.8% but remains high amid energy and food costs
The UK’s annual inflation rate fell sharply to 6.8% in July, down from 7.9% in June, as lower energy prices helped to ease the cost...