According to the Central Bureau of Statistics, Israel’s new home sales have reached their lowest point in 15 years, as high prices and low demand...
Israeli Banks Enjoy Record Profits Amid Rising Interest Rates
The Bank of Israel has been raising the benchmark interest rate steadily since April 2022, reaching 4.75% on May 22, 2023, in an attempt to...
Aon’s White Rock sues Vesttoo over alleged fraud, insurtech files for bankruptcy
Vesttoo, an Israeli insurtech startup that provides data-driven risk management solutions, has been sued by Aon’s White Rock Insurance (SAC) Ltd., a subsidiary of the...
AUD/USD Struggles to Find Direction Amid Mixed Signals
The Australian dollar and the US dollar have been trading in a narrow range for the past few days, as investors weigh the conflicting signals...
Israel’s inflation slows down in July, defying expectations
Israel’s Consumer Price Index (CPI) rose by 0.3% in July, bringing the annual inflation rate down to 3.3%, according to the Central Bureau of Statistics....
USD/JPY Faces Intervention Risk as Yen Weakens to 9-Month Low
The USD/JPY pair has been trading in a narrow range around the 145.50 level in the Asian session on Wednesday, as traders are wary of...
Natural Gas Price Rises as Demand Outpaces Supply – Analysis – 16-8-2023
Natural gas price has been on an upward trend since the beginning of the year, reaching a three-year high of 3.10 USD per million British...
Silver Price Hits Target of $22.25, Rebounds Bullishly
Silver price reached the expected target of $22.25 per ounce on Tuesday, and bounced back strongly to test the resistance line around $22.60, according to...
Gold price rebounds as US retail demand remains robust
Gold price recovered some ground on Tuesday after falling to its lowest level in almost a month on Monday. The precious metal was supported by...
Eli Lilly’s Stock Soars After Two Successful Acquisitions
Eli Lilly, one of the world’s leading pharmaceutical companies, has seen its share price reach a record high after completing two strategic acquisitions that could...
Eli Lilly’s Stock Soars After Two Successful Acquisitions
Eli Lilly, one of the world’s leading pharmaceutical companies, has seen its share price reach a record high after completing two strategic acquisitions that could...
US Consumers Expect Lower Inflation and Improved Financial Situation
The Federal Reserve Bank of New York released the July 2023 Survey of Consumer Expectations, which shows that consumers’ inflation expectations declined at all horizons....
SilverBow Resources Acquires Chesapeake Energy’s Eagle Ford Assets for $700 Million
SilverBow Resources, Inc. (NYSE: SBOW), a Houston-based oil and gas company, announced on August 14, 2023, that it has entered into an agreement to acquire...
China’s Shadow Banking Crisis Threatens Xi’s Economic Agenda
One of China’s largest private wealth managers, Zhongzhi Enterprise Group Co., has triggered fresh anxiety about the health of the country’s shadow banking industry after...
Nvidia Stock Surges as Chip Demand Boosts Tech Sector
Nvidia (NVDA), the leading maker of graphics processing units (GPUs) for gaming and artificial intelligence, saw its stock price soar on Monday, leading the S&P...
China’s economic slowdown prompts rate cut and stimulus calls
China’s central bank, the People’s Bank of China (PBOC), unexpectedly cut key policy rates for the second time in three months on Tuesday, in a...