AI startup Mercor faces mass litigation following data breach - report
In early April, extortion-hacker group Lapsus$ took credit for hacking Mercor, claiming to have stolen four terabytes of data.
Business & Innovation
Omer Adam’s AI company signs billion-dollar deal with AI infrastructure giant Crusoe
Beer, snacks and smart design: An Israeli innovation targets stadium crowds
Israeli entrepreneur Itay Rubinstein seeks to reshape digital media through adtech and audio tools
Your Taxes: OECD, G20 launch plan to expose untaxed real estate funds and income
A new OECD initiative aims to close real estate loopholes, exposing untaxed funds, rental income, and capital gains. This could affect anyone with global property investments.
Your Investments: Can you attain financial freedom in Israel?
As Israelis gear up for Independence day, it’s a great time to look at your own financial situation and make sure that you are on the road to financial independence as well.
Between Israel and Latin America, Ilan Goldfajn builds a quiet economic bridge
From water technology to start-ups, the IDB chief sees a growing opportunity for Israeli investors in a region of 660 million
Luria: A Jerusalem-inspired project with modern boutique design
The second phase of Luria by Tzarfati Shimon in Moradot Arnona features three nine-story boutique buildings with scenic views, located near Amat HaMayim Park and the U.S. Embassy.
S&P 500 closes at fresh record, recovering all losses since start of US-Iran war
The S&P settled at 7,022.95, up 0.8%, LSEG data showed, surpassing its previous closing high in January. It also hit a new intraday record of 7,026.24.
Dollar falls below three shekels for first time in over 30 years, annual inflation rate declines
Avraham Novogrocki, president of Israel’s Manufacturers’ Association, which represents some 1,500 firms and 400,000 workers, said the strong shekel posed a risk to the economy.
US gaming company sues Israeli game developer who claims no connection to company's failure
The American gaming company has sued the Israeli game developer for millions, claiming that the use of bots harmed its revenues. Papaya responds: we have no connection to Skillz’s business failure.
US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say
The waiver, which the Treasury Department issued on March 20, allowed some 140 million barrels of oil to reach global markets and helped relieve pressure on energy supply during the war with Iran.
While dating swipes decrease, JWed.com Marriages increase to record 4,100!
IMF warns of potential global recession if Iran war worsens in latest economic outlook report
The report notes that the worst-case "severe scenario," which assumes an extended conflict and high oil prices, would lead the world into another recession.
