Economy


Strong Retail Sales Brighten Economic Outlook

U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter. Signs…

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Bank of Israel Gov. to Step Down in November

The governor of Israel’s central bank said that she will not be seeking another term in office. Karnit Flug, chief of the Bank of Israel, wrote in a statement Friday:…

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Gas Prices Edge Downward 1.67 Percent

After several months in which gas prices climbed in response to higher oil prices around the world, Israeli drivers will get a break, as prices are slashed by 11 agurot,…

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Toys’R’Us Closing Its Last Stores by Friday

Toys”R”Us is closing its last U.S. stores by Friday, the end of a chain known to generations of children and parents for its sprawling stores, brightly colored logo and Geoffrey…

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U.S. Consumers Were a Bit Less Optimistic in June

American consumers lost a bit of their optimism in June but are still feeling good by historical standards. The Conference Board, a business research group, said Tuesday that its consumer…

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Report: Meat Prices Going Up, Up, Up

Israelis can expect to pay more – possibly significantly more – for meat in the coming months, a report in Yediot Achronot said. A confluence of events – including an…

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Business Briefs – June 17, 2018

Why Many Americans Aren’t Benefiting From Robust U.S. Economy WASHINGTON (AP) – “The economy,” Federal Reserve Chairman Jerome Powell declared this week, “is doing very well.” And it is. Steady…

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100-Story Skyscraper Approved for Tel Aviv

Tel Aviv will soon be the home of a true world-class skyscraper – a 100-story tower that will be built in downtown Tel Aviv, near the municipal border with Ramat…

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Grants for Businesses to Hire Chareidim, Others

The Economy Ministry is starting a new program that will provide grants and assistance to businesses that hire members of “targeted” populations, including Arabs, Bedouin, chareidim, Druze, single parents, residents…

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