#Shekel

2 articles with this tag

Did Bill Ackman Help Move the NIS? A Closer Look at a Currency Run Few Saw Coming
Investors News

Did Bill Ackman Help Move the NIS? A Closer Look at a Currency Run Few Saw Coming

Opinion: the shekel's historic rally and Bill Ackman's very public bet on Israel arrived together. Here is the case that foreign confidence, with Ackman as its loudest voice, helped power the move, plus the falsifiable prediction that will test it.

4 months ago
Wix (NASDAQ: WIX) Cuts 20% of Workforce: CEO Abrahami Cites Shekel Surge and AI-Native Pivot
Public Companies

Wix (NASDAQ: WIX) Cuts 20% of Workforce: CEO Abrahami Cites Shekel Surge and AI-Native Pivot

Wix (NASDAQ: WIX) is laying off roughly 20% of its workforce. CEO Avishai Abrahami cites the strengthening Israeli shekel against the US dollar and a company-wide pivot to an AI-native, flatter operating model.

5 months ago