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Bitcoin - 1 bitcoin - 1 — - 1 Ruxandra Iordache - 1 Warren Buffett - 1 Israel - 1 Berkshire Hathaway - 1 Buffett - 1
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☆ Bitcoin and other cryptocurrencies tumble amid Middle East tensions
  + stars: | 2024-04-14 | by ( Matt Clinch | ) www.cnbc.com   time to read: +1 min
Bitcoin had been trading at around $70,000 on Saturday evening but plunged to below $62,000, according to data from the Bitstamp exchange. Bitcoin was down some 8% late on Saturday evening as U.S. officials confirmed the attack was taking place. The cryptocurrency market suffered heavy selling overnight Saturday amid an unprecedented Iranian drone and missile attack on Israel. In the Middle East, events overnight marked the first instance of a direct attack on Israel from Iranian territory. The deluge of drones and missiles on Israel was reportedly in response to a suspected Israeli strike that killed top Iranian officials in Syria.
Persons: Bitcoin, bitcoin, —, Ruxandra Iordache Organizations: Bloomberg, Tel, Tel Aviv Stock, TA Locations: Israel, Syria, Tel Aviv, London
☆ Op-ed: After crisis, Israel's economy always comes back stronger
  + stars: | 2023-12-12 | by ( Anat Katz | Economic Minister To North America For Israel'S Ministry Of Economy | ) www.cnbc.com   time to read: +2 min
In just a few hours, the nation of Israel went from business as usual to national emergency and national mourning. Throughout this ongoing crisis, the resilience of Israel's economy has once again taken center stage. This should be no surprise, as resilience has always been a key tenet of Israel's long-term success, military or otherwise. Most recently, the Covid-19 pandemic struck a terrible blow to Israel's economy in the second quarter of 2020, reducing GDP by roughly 30% annualized. The Tel Aviv Stock Exchange's flagship TA-125 Index dropped over 8% in that war's opening days, but took only 40 days to recover to pre-war levels.
Persons: Warren Buffett, Israel, Berkshire Hathaway, Buffett Organizations: Tel, Tel Aviv Stock Exchange's, TA Locations: Israel, Lebanon, Berkshire, Lebanese, Iscar, Tel Aviv
☆ 'Huge uncertainty' for investors and economy as Israel's government pushes for controversial reforms
  + stars: | 2023-03-01 | by ( Natasha Turak | ) www.cnbc.com   time to read: +6 min
Thousands of Israeli protesters rally against Israeli Goverment's judicial overhaul bills in the coastal city of Tel Aviv on February 25, 2023. Gili Yaari | Nurphoto | Nurphoto | Getty ImagesPrime Minister Netanyahu has labeled the protests — which are now approaching their third month — an attempt "to create anarchy" and trigger another election. In short, the proposed judiciary overhaul will severely limit the Israeli Supreme Court's ability to review and strike down laws that it deems unconstitutional. The Knesset — Israel's parliament — voted last week to advance a major part of the reforms. The prime minister himself is currently under investigation on numerous counts of corruption and other charges, meaning he would likely benefit from a weaker judiciary.
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