Israel Financial News

Investing legend Paul Tudor Jones has revealed that he’s bearish on stocks and bullish on gold and Bitcoin (BTC).

Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance a rule imposing certain tax reporting requirements for crypto brokers “as swiftly as possible”.

As the digital gold rush continues, Bitcoin remains at the forefront of the crypto landscape. Despite a recent hiccup where it struggled to breach the $28,000 threshold, dropping to $27,100 on Wednesday, enthusiasts remain optimistic. 

Investing.com — Saudi Arabia is truly “balancing” the oil market by preparing to ship full volumes required by its North Asian customers, notwithstanding its output cuts — an act that’s costing it in price-per-barrel.

WARNING—GRAPHIC FOOTAGE: The Punaro Group CEO Gen. Arnold Punaro (ret.) discusses the attacks on Israel from Hamas and reacts to the White House being grilled over refreezing the $6 billion from the Iran prisoner swap deal.

What is the genesis of this crisis? It’s an incendiary mix of politics, religion and economics. Modern Palestine was populated with Jews from the global diaspora—a British imperial drive—in 1948. Around 750,000 Palestinians were expelled as Jews captured 78% of the land.

Ether (ETH) is back to trading flat in the $1,550 area after seeing a sharp reversal lower from earlier session highs in the $1,630s.

In a characteristic rant on CNBC’s Squawk on the Street show on Tuesday, famous financial pundit Jim Cramer proclaimed that he can’t be invested in Bitcoin (BTC) “Mr Bitcoin is about to go down big”.

Emerging-market stocks just crossed another grim milestone: They’ve tumbled to the lowest level in 36 years relative to US equities.

Foreign Affairs Minister Melanie Joly says flights will begin to help Canadians depart Tel Aviv, Israel, by the end of the week with the help of the Canadian Armed Forces (CAF).

Blue chip cryptocurrency prices are lower across the board on Wednesday in wake of the latest US Producer Price Index (PPI) inflation numbers, which came in hotter than expected.

Reuters. BA Flight 165 on its final descent into Tel Aviv’s Ben Gurion airport was diverted back to Heathrow airport after the pilot didn’t felt safe enough to land as there were sirens going off. “Safety is always our highest priority and we've taken the decision to return our Tel Aviv flight to Heathrow," the Reuters report quoted a spokesperson for British Airways as saying.

₹7,030 per bbl, having swung between ₹6,932 and ₹7,208 per bbl during the session so far, against a previous close of ₹7,161 per barrel. THIS COPY IS BEING UPDATED "Exciting news! Mint is now on WhatsApp Channels

₹15,920 crore, up by 24% versus the previous year. To be sure, countries such as the US, Russia, and France would capitalize on this sort of an opportunity the most and are likely to increase their share of defence exports compared to India, said Amit Anwani, an analyst at Prabhudas Lilladher. This is because India still accounts for a negligible portion of the world’s defence exports.

TCS on Wednesday said it has 250 staffers in Israel and stressed that the ongoing conflict will not have any major impact on its business. The company said it is in constant touch with all staffers, and at present, the focus is their safety and to look at how they help the communities they live in. It has initiated business continuity plans wherever necessary to ensure that the customers do not get impacted, TCS Chief Operating Officer N Ganapathy Subramaniam told reporters, adding that it does not expect any major impact of the war on its business.

Israel, where he was vacationing with friends and had been attending a music festival about five kilometres from the border with Gaza. But the festivities had been interrupted by Hamas militants storming into Israel, and Ohnona could hear screams and gunfire in the background as her son spoke to her.“He said, ‘Mommy, we’re in the middle of a terrorist attack,'” Ohnona said in an interview with Global News on Tuesday.A short while later, Look was dead, one of at least two Canadians who are among over 1,000 people now confirmed to have been killed in Israel since the attack by Hamas began Saturday.As of Tuesday, about 900 people have been killed in Gaza and the West Bank, including 260 children and 230 women, according to authorities there.

military cemetery of Jerusalem, mourners streamed in for the funerals of young Israeli soldiers, with only the stifled cries of anguish piercing the steely silence. Mount Herzl cemetery, named after the founder of political Zionism, has in the past few years seen more remembrance ceremonies than funerals. But mounds of ochre earth now mark freshly dug graves as Israel buries its soldiers fallen in the battle against Hamas militants whose shock assault unleashed Saturday has claimed 1,200 lives in the country. Most of the victims are civilians, but at least 169 Israeli troops have been killed in the battles to repel Hamas fighters. Eleven of them were laid to rest at the cemetery in the night to Wednesday. A few steps from the tomb of former prime minister Yitzhak Rabin, the brothers in arms of 20-year-old Noam Elimelekh Rottenberg lowered the coffin draped with Israel's blue-and-white flag into the grave. «Noam, this war will be the last.

Also Read: Oil snaps Israel-Hamas conflict-induced rally, slides over $1 on demand concerns; Brent eases to $86/bbl Novak said he and Prince Abdulaziz discussed the oil market and cooperation within the Organisation of Petroleum Exporting Countries and its allies (OPEC+). "Of course, (cooperation within OPEC+) was (considered) at our internal meeting, one of the most important topics that we discussed today," Novak said, according to Interfax news agency.

Mutahida Majlis-e -Ulema patron Mirwaiz Umar Farooq on Wednesday expressed great anguish and grief at the loss of lives during the ongoing escalation in the Palestine-Israel conflict lamenting that the international community and the United Nation have failed the people of Palestine. The Hurriyat leader stated that ‘people of Kashmir stand united in unwavering solidarity with the people of Palestine as they share a deep hope for the resolution of the conflict' and an end to the profound human sufferings it has caused.

Iran on Tuesday claimed that it played no role in the attack launched by Hamas last Saturday that took Israelis by surprise but there is no denying the fact that Tehran over the years has increased its support and appeal across the Arab world that is dominated by people who profess Sunni sect of Islam. The world's biggest non-Sunni country has become a key factor in the West Asian fault lines creating its proxy groups in Lebanon and Yemen and backing Hamas to take on Israel over the last few decades. It is no secret that Tehran has exploited sentiments and presence of the Shia population in some Gulf states. While the USA and Israel have not yet directly blamed Iran for the October 7 carnage, Tehran came out openly in support of Hamas for carrying out the attacks against Israel.

Benjamin Netanyahu announced Wednesday an «emergency government» with an opposition party leader, Benny Gantz, for the duration of the war with Gaza militants. «Following a meeting… held today, the two agreed on establishing an emergency government and war cabinet,» said a joint statement by the premier and Gantz, a former defence minister and army chief. The three-member «war cabinet» would include Netanyahu, Gantz and Defence Minister Yoav Gallant. Gadi Eisenkot, also a former army chief from Gantz's party, and Strategic Affairs Minister Ron Dermer will serve as observers, according to the statement. Opposition leader Yair Lapid has not joined his former ally Gantz, but the statement said a seat would be «reserved» for him in the war cabinet. Netanyahu's extreme-right and ultra-Orthodox Jewish allies would remain in government. The premier has agreed to freeze the hardline government's divisive judicial overhaul, which had triggered mass street protests — the biggest in the country's history. «During the war, no bills or government-sponsored motions that are unrelated to the war would be advanced,» the statement said. Gantz last served in a Netanyahu administration in 2020-2021 under a rotation agreement that was meant to see him take the helm for the second half of the government's tenure, but early elections had been called before he was to become prime minister.