Category: 3. Business

  • OPEC+ set to hold oil output policy steady on Sunday, sources say

    OPEC+ set to hold oil output policy steady on Sunday, sources say

    • OPEC, OPEC+ meetings to start at 1300 GMT Sunday, sources say
    • OPEC+ and OPEC+ 8 members expected to stick to output targets
    • EXPLAINER nL2N3RY08R on OPEC+ output hikes and cuts
    LONDON/MOSCOW, Nov 29 (Reuters) – OPEC+ is likely to leave oil output levels for the first quarter of 2026 unchanged at its meetings on Sunday, three delegates from the group said on Saturday, moderating a push to regain market share amid fears of a looming supply glut.

    The meeting of OPEC+, which pumps half of the world’s oil, comes as oil prices are also under pressure from the prospect of a Russia-Ukraine peace deal. Brent crude closed on Friday near $63 a barrel, down 15% this year.

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    On Sunday, eight OPEC+ countries are likely to keep their policy to pause oil output hikes in the first quarter of 2026 unchanged, the three delegates said, following similar comments from others this week. They agreed the pause at their last meeting earlier in November.

    OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps about half the world’s oil and has been discussing for years production capacity figures against which members’ output targets are set.

    In a separate meeting on Sunday, the full OPEC+ group is expected to agree on a mechanism to assess members’ maximum production capacity, sources told Reuters this week. OPEC said in May this capacity assessment would be used as a reference for 2027 output baselines.

    A series of online meetings is scheduled to begin at 1300 GMT on Sunday. OPEC+ ministers are also expected to not make any changes to group-wide production targets for 2026, other sources said this week.

    OPEC+ had been curtailing supplies for years until April when the eight members began to raise production to recover market share. The cuts had peaked in March, amounting to 5.85 million barrels per day, almost 6% of world output, in total.

    The eight – Saudi Arabia, Russia, UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman – have raised output targets by around 2.9 million bpd from April to December.

    Reporting by Ahmad Ghaddar, Alex Lawler and Olesya Astakhova writing by Alex Lawler, editing by Alexander Smith

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

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  • Which trains will be operating over Christmas and New Year?

    Which trains will be operating over Christmas and New Year?

    ScotRail has announced its Christmas and New Year timetable which includes the last Christmas Eve and Hogmanay trains departing earlier than usual.

    On Boxing Day, new services will run between Aberdeen and Edinburgh Waverley, as well as between Arbroath and Edinburgh Waverley.

    Extra services and more seats will be added across the country in the run-up to Christmas, with additional late-night weekend services on key routes, alongside longer trains.

    Essential work will be carried out on lines over the festive period so ScotRail is asking customers to plan ahead.

    On Christmas Eve services will run as normal until about 19:00 when services will begin to wind down.

    As in previous years, no trains will run on Christmas Day and New Year’s Day.

    On Boxing Day there will be a revised timetable which will operate the traditional service in the Strathclyde area, but also on routes to and from Perth, Alloa, Dunblane, Dundee, Leven, and between Glasgow and Edinburgh.

    The new Boxing Day trains will be:

    • 09:51 Arbroath to Edinburgh Waverley
    • 11:35 Edinburgh Waverley to Arbroath
    • 09:54 Aberdeen to Edinburgh Waverley
    • 10:35 Edinburgh Waverley to Aberdeen

    A normal service – with the exception of routes undergoing engineering works – will operate between Saturday, 27 December, and Tuesday, 30 December.

    A revised timetable will then operate on Friday, 2 January 2026.

    No trains will run between Dalmuir and Balloch/Helensburgh Central or between Glasgow Queen Street and Crianlarich between 24 December and 2 January.

    This is because a new railway bridge is being installed at Bowling, West Dunbartonshire.

    On those same dates, no trains will run between Motherwell and Cumbernauld via Whifflet, Bellshill and Motherwell, or between Kirkwood and Whifflet because of track upgrades in Motherwell.

    Glasgow to London Euston services will be affected from 31 December until 15 January as a bridge replacement on the M6 means no trains will run between Preston and Carlisle.

    West coast trains will also be affected between Christmas Day and 5 January, when there are no trains between Milton Keynes and Rugby while a worn-out junction is replaced.

    Full details of all Christmas and New Year service changes, including the Boxing Day timetable, can be found on the ScotRail website and app.

    Mark Ilderton, ScotRail’s service delivery director, said: “The introduction of Boxing Day services to and from Aberdeen for the first time is a real boost for customers, and we’re pleased to be offering more options for travel during one of the busiest times of the year

    “Across Scotland’s railway, we’re adding extra services and more seats in the lead up to Christmas and New Year to help customers make the most of the festive season, whether they’re heading to the sales, visiting family, or enjoying a night out.

    “With the removal of peak fares, travelling by train offers even better value for money over the holidays, and we’re encouraging everyone to check their journey on the ScotRail app or website before they set off.”

    Customers needing assistance can speak to a member of staff at a station, use a Help Point, or get in touch via social media.

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  • Meet the Teens Investing in Stocks for Their Future Home and Retirement

    Meet the Teens Investing in Stocks for Their Future Home and Retirement

    Mizu Pope can’t yet vote or drive, but she can trade stocks. Sort of. 

    When the 13-year-old from Massachusetts wants to buy or sell, she needs her mother’s permission. She said she likes to buy stock in companies whose products she uses, such as Netflix and McDonald’s.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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  • Are Mondelez Shares Poised for a Comeback After Recent Emerging Market Investments?

    Are Mondelez Shares Poised for a Comeback After Recent Emerging Market Investments?

    • Wondering if Mondelez International is a hidden gem or already fully priced? Here is a closer look at what makes this stock worth considering.

    • The shares have declined 8.7% over the last year, while a modest 1.0% gain in the last week points to a potential shift in sentiment or a period of stability.

    • Recent headlines have highlighted Mondelez’s strategic investments in emerging markets and ongoing sustainability initiatives, indicating that management is actively pursuing new opportunities. These developments are leading to renewed analyst interest and are helping to shape investor expectations regarding growth and long-term risk.

    • According to our valuation analysis, Mondelez scores a 4 out of 6 for being undervalued. This suggests it outperforms many of its peers, though it may not be the clear bargain that some investors seek. Before relying only on traditional valuation metrics, it is useful to review the company’s strengths, areas for improvement, and smarter approaches to identifying value, which will be discussed later in this article.

    Mondelez International delivered -8.7% returns over the last year. See how this stacks up to the rest of the Food industry.

    A Discounted Cash Flow (DCF) model estimates the fair value of a company by projecting its future free cash flows and discounting them back to today’s dollars. This approach helps investors determine whether a stock is undervalued or overvalued based on the business’s ability to generate cash over time.

    For Mondelez International, the DCF analysis uses a 2 Stage Free Cash Flow to Equity model. The company’s latest twelve months free cash flow stands at $2.31 billion. Analyst expectations suggest that free cash flow will steadily rise over the next decade, reaching $4.94 billion by the end of 2028. Further out, projections continue to show moderate growth, with discounted values indicating a consistent upward trend.

    Based on these forecasts, the estimated intrinsic value for Mondelez International shares is $113.95. This represents a 49.5% discount to the current market price, signaling that the stock may be significantly undervalued according to this model.

    Result: UNDERVALUED

    Our Discounted Cash Flow (DCF) analysis suggests Mondelez International is undervalued by 49.5%. Track this in your watchlist or portfolio, or discover 920 more undervalued stocks based on cash flows.

    MDLZ Discounted Cash Flow as at Nov 2025

    Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Mondelez International.

    The Price-to-Earnings (PE) ratio is a widely used metric for valuing companies that are solidly profitable, like Mondelez International. It tells investors how much they are paying for each dollar of earnings and is especially meaningful for established companies with strong and consistent profits.

    What counts as a “normal” or “fair” PE ratio can vary. Faster-growing companies or those carrying lower risk often command higher multiples, while slower growth or greater uncertainty can bring the valuation down. Comparing these multiples to industry averages gives some context, but it is just the starting point.

    Currently, Mondelez trades on a PE ratio of 21.0x, directly in line with the Food industry average of 21.0x and just above the peer group’s 20.7x. Simply Wall St’s Fair Ratio, a proprietary measure that considers factors such as Mondelez’s earnings growth, profit margins, market cap, industry trends, and company-specific risks, currently stands at 22.1x. This offers a more tailored benchmark, reducing much of the “noise” found when only comparing peers or the broad industry.

    Since Mondelez’s PE ratio of 21.0x is very close to its Fair Ratio of 22.1x, the stock appears to be fairly valued based on this approach.

    Result: ABOUT RIGHT

    NasdaqGS:MDLZ PE Ratio as at Nov 2025
    NasdaqGS:MDLZ PE Ratio as at Nov 2025

    PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1443 companies where insiders are betting big on explosive growth.

    Earlier we mentioned that there is an even better way to understand valuation. Let’s introduce you to Narratives. A Narrative is an investment story that connects your expectations about a company, such as its future revenue, profit margins, and fair value, directly to its real-world outlook. Narratives allow you to explain your view on what drives Mondelez International’s value, turning raw financial numbers into a living forecast rooted in your own perspective. Narratives on Simply Wall St’s Community page make this easy and accessible for everyone, whether you are new or experienced, by providing a space for millions of investors to share and refine their outlooks.

    Using Narratives, you can make clearer buy or sell decisions by instantly comparing your calculated Fair Value to today’s share price. Because these Narratives auto-update with major news, earnings, or industry changes, they stay relevant in real time. For example, one investor might expect Mondelez’s global pricing strategy and emerging market growth to support a fair value as high as $88.00, while a more cautious investor could see risks in commodity costs and set their narrative at $67.00. Narratives empower you to back up your own investment decisions with transparent, dynamic forecasts that reflect both what you believe and what is happening in the market.

    Do you think there’s more to the story for Mondelez International? Head over to our Community to see what others are saying!

    NasdaqGS:MDLZ Community Fair Values as at Nov 2025
    NasdaqGS:MDLZ Community Fair Values as at Nov 2025

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include MDLZ.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Is Now the Time to Reconsider Brookfield Asset Management After Global Expansion Headlines?

    Is Now the Time to Reconsider Brookfield Asset Management After Global Expansion Headlines?

    • Thinking about whether Brookfield Asset Management is a bargain right now? You are not alone. This might be the perfect time to take a closer look at its value fundamentals.

    • After a jump of 3.5% in the past week but sliding 3.2% over the last month, Brookfield Asset Management’s stock price has shown both short-term optimism and ongoing investor caution.

    • Much of this activity has been influenced by a flurry of recent news. Brookfield’s expansion efforts in global alternatives and its new infrastructure partnerships are turning heads, while regulatory changes have added some uncertainty to the outlook. These headlines are offering both fresh opportunities and new risks for shareholders.

    • When it comes to pure numbers, Brookfield Asset Management only scores 1 out of 6 on our valuation checks. On paper, it is looking pricey. But traditional valuation measures are just the start. Stick around as we dig deeper into different approaches and introduce a method many investors overlook.

    Brookfield Asset Management scores just 1/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

    The Excess Returns model provides a straightforward way to value companies like Brookfield Asset Management by measuring how much profit the company generates above its cost of equity capital. In essence, this model examines what shareholders earn in addition to what they might expect from a risk-equivalent investment.

    Based on recent estimates, Brookfield Asset Management has a Book Value of CA$5.25 per share and is projected to achieve stable Earnings Per Share (EPS) of CA$2.25, according to forecasts from five analysts. The company’s Cost of Equity is estimated at CA$0.47 per share, resulting in an annual Excess Return of CA$1.78 per share. This result aligns with an average Return on Equity of 36.40 percent. Looking further ahead, the Stable Book Value is forecasted to be CA$6.17 per share, based on four analyst estimates.

    Applying this methodology, Brookfield Asset Management’s Excess Returns valuation results in an intrinsic value that is 23.9 percent higher than the current market price. This indicates the stock is trading above its fair value, at a significant premium.

    Result: OVERVALUED

    Our Excess Returns analysis suggests Brookfield Asset Management may be overvalued by 23.9%. Discover 920 undervalued stocks or create your own screener to find better value opportunities.

    BAM Discounted Cash Flow as at Nov 2025

    Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Brookfield Asset Management.

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  • Palantir’s AI push tests bears who doubt it can keep winning

    Palantir’s AI push tests bears who doubt it can keep winning

    Palantir’s management has been trying to convince people for the last year that its AI platform isn’t simply a fancy demo, but also a solution that corporations and governments are eager to purchase in large quantities.

    The data analytics company’s most recent quarter backs this up with rapid growth, rising margins, and excellent cash flow. Those metrics don’t align with what many big-name investors are saying: That the entire AI market, encompassing hardware, software, and the infrastructure that connects them all, appears too overheated.

    Palantir is one of the most exciting software names in the AI stack right now, largely due to that tension. Bulls see an engine that is growing in response to U.S. demand, but is still not well-known outside of the States.

    And while bears think a spending boom may help someone, it could slow down when hyperscalers and businesses use up what they’ve already acquired.

    The AI software firm crushed expectations, but macro risks loom over future quarters.Photo by Kevin Dietsch on Getty Images

    Palantir reported record revenue of $1.18 billion in Q3 2025, thanks to a surge in commercial activity in the U.S., with government work also making a significant contribution.

    Profitability increased alongside growth, indicating that operational leverage is starting to take effect as deployments rise.

    • The firm’s U.S. commercial revenue doubled in one year and grew faster than elsewhere.

    • With more than $5 million and $10 million contracts, contract value hit an all-time high.

    • The low to mid-40s for cash from operations and free cash flow margins persisted.

    Management expects quarterly sales to go up again and GAAP operational profitability to stay high. The firm also ended the quarter with a lot of cash and no immediate worries about liquidity.

    This gave it freedom to spend while allowing shareholders some flexibility via conservative stock-based pay and the ability to buy back shares in the future.

    Skeptics argue the AI cycle is moving faster on supply than on durable end‑demand. They warn that rapid hardware improvements could compress the economics of model training and inference, rippling into software pricing and elongating return‑on‑investment timelines for customers.

    According to Business Insider, Michael Burry is publicly opposing several AI leaders, including Palantir, framing the moment as a potential echo of prior tech manias in which great companies still experienced deep multiple compression.

    • If business pilots don’t become widespread, U.S. commercial growth may decline from triple-digit levels.

    • If customers renegotiate due to falling unit costs, software pricing and margins may suffer.

    • If export rules, procurement timing, or election year budgets change, government growth may become more unequal.

    Palantir’s business model is straightforward: Convert record registrations into revenue, maintain high margins, and expand beyond its U.S. base. If PLTR continues to do so for a few more quarters, the “AI bubble” narrative will lose steam.

    • U.S. commercial growth has been in the triple digits, even with harder comparisons.

    • More and more of the residual deal value and overall contract value are being turned into recognized revenue.

    • GAAP operating margins are around the mid-30s, while cash margins are over 40%.

    A few areas require special attention. Backlog quality is important, since some big contracts include options or termination-for-convenience clauses. If timeframes slip, many big deals may not be renewed.

    Hyperscalers and well-funded competitors might make sales cycles longer or drive bundling. And because the stock price is based on continuing performance, any drop in growth or margins may swiftly affect the multiple.

    Related: Google will support an AI system so powerful, NATO had to unplug it

    Investors should also keep an eye on the power and data center limits that affect the entire business.

    If infrastructure problems hinder rollouts or divert budgets away from application software and toward computation, it may harm demand in the short term.

    • U.S. commercial sales increase compared to previous quarters.

    • New big agreements worth $5 million and $10 million or more every three months.

    • Changing the rest of the agreement value into income and bills.

    • GAAP vs. adjusted operational margins and the path of stock-based pay.

    • Cash from operations and free cash flow margins in the low 40s or higher.

    Palantir’s data illustrate that a software company can generate more revenue as demand increases.

    The bearish thesis relies on a capital expenditure and policy cycle that cools down more quickly than predicted, forcing businesses to reassess their objectives and putting pressure on the economy across the board.

    More Palantir 

    The next two quarters will be very important.

    If Palantir turns its record backlog into sales, retains its GAAP margins in the 30s, and maintains its cash conversion in the 40s, it will have accomplished the most challenging feat in a hype cycle: transforming a riveting story into solid fundamentals.

    If not, “Big Short” Michael Burry might be laughing his way to the bank yet again.

    Related: Palantir CEO is cashing in. Should you be nervous?

    This story was originally published by TheStreet on Nov 29, 2025, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.

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  • This AI angel investor says 2 red flags instantly tell him not to buy in. Do your investing instincts pass his test?

    This AI angel investor says 2 red flags instantly tell him not to buy in. Do your investing instincts pass his test?

    Ever wonder why some startups soar while others crash before even taking off?

    According to Carles Reina, an early backer of AI startup Eleven Labs, two instant dealbreakers will make him walk away.

    For investors, spotting red flags early can save a lot of money and headaches. For founders, knowing what not to do could mean the difference between landing that big check and walking out empty-handed.

    So what is Reina’s first red flag? A founder who can’t actually build the thing they’re pitching, since that can often mean slower growth, higher costs, and a tougher road to profitability.

    “If one of the founders is not technical, like literally cannot build products, is not a researcher or something like that, I just don’t see the value in that because they’re not going to be able to move as quickly,” he told CNBC (1).

    (He told the EU-Startups podcast that the opposite is also true: The world is full of companies that built “crazy good products” but failed on the marketing side — both are needed for success (2).)

    In the fast-paced startup world, founders who can roll up their sleeves and code, design, or engineer their products have a major edge. They can pivot faster, troubleshoot in real time, and adapt before competitors even notice a shift. It’s one thing to have the idea, but Reina believes that it’s key to look for founders who can execute.

    Just look at Eleven Labs. Co-founder Mati Staniszewski holds a first-class degree in mathematics from Imperial College London.

    “It was really interesting to see he was thinking about the problems of the entire ecosystem before even actually having any product, or before even actually talking to any real potential customer,” Reina said. His technical fluency impressed Reina so much that, after their first meeting, he was willing to jump on board as an investor.

    Reina’s second no-no is a founder diving headfirst into an overhyped, overcrowded market.

    He says when too many venture capitalists chase the same hot idea, valuations shoot through the roof, and reality can quickly get lost in the noise.

    It can often lead to a lose-lose cycle of startups scrambling to justify inflated valuations, while investors compete to offer better terms (1).

    Read More: Are you richer than you think? 5 clear signs you’re punching way above the average American

    Reina’s philosophy is simply to prioritize execution over excitement.

    If you’re thinking of investing in a new business, consider whether the owners or founders have technical depth, subject matter expertise, and a track record of actually getting products to market. Pay attention to how they talk about their product. Do they light up when they explain the “how,” or is it just a lot of hype and sales jargon?

    Reina talked about red flags, but here are some green flags for investors:

    • Hands-on founders who understand their product inside and out

    • Founders have chosen an underserved market with real pain points, not just buzzwords

    • The business is building a balanced team with members who bring complementary skills to the table

    • They’ve got signs of real traction, such as early users, working prototypes, or growing revenue

    For founders, being “investor-friendly” isn’t just about schmoozing; they have to demonstrate substance.

    The founder doesn’t need to write every line of code, but they should understand the product and be able to articulate how it works, why it’s different, and where it’s going.

    What else makes a founder appealing to investors?

    • Having the right mindset. Being a founder is risky, and most successful entrepreneurs have the passion, motivation and confidence to do things in a new way (4)

    • Knowing your tech, your customer, and your market and being able to speak to them

    • Proof of execution: Bring prototypes, traction, or early user data, and don’t inflate your numbers (5)

    • Having a solid, focused go-to-market plan. If you’re clear on how and when you’ll reach milestones, you’re sharing your journey with a potential investor and hopefully getting their buy-in

    At the end of the day, startup success involves a lot of luck, but it also takes a combination of hustle, grit, skill, strategy and timing.

    So whether you’re pitching or investing, remember: go deep, not wide. Because in the startup world, hype can fade quickly, but execution and old-fashioned hard work endure.

    We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines.

    CNBC (1); EU-Startups podcast (2); Entrepreneur (3); TechCrunch (4); TechCrunch (5)

    This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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  • 200,000 reasons your IKEA kitchen won’t quit… and other surprising kitchen facts

    200,000 reasons your IKEA kitchen won’t quit… and other surprising kitchen facts

    Kitchen boot camp

    Think your kitchen works hard? Ours train harder. Before any IKEA kitchen door model makes it to your home, our friends in the IKEA Test Lab have opened and closed it 200,000 times with a 2 kg weight added in the middle, simulating years of daily use. Drawers don’t have it any easier: they’re still expected to glide softly and self‑close after opening and closing a couple of hundred thousand times, plus “lean‑on” tests with a 25 kg weight on the corner of the front. Meanwhile, our fronts face steam, soaking and 85°C heat tests, and our shelves are loaded for a week to check for sagging. As you can see, only the toughest graduates make it out of the lab and into the showroom.

    Twins, but not identical

    Planning to move to or from North America anytime soon? If so, you can leave your IKEA kitchen at home. While METOD is our go-to kitchen system in Europe, Australia and much of Asia, the slightly larger SEKTION is the US and Canada version. They may look pretty identical, but they speak different languages: metric measurements for METOD, imperial for SEKTION. That means cabinets, doors, and even drill holes don’t match up – and you can’t attach a METOD door to a SEKTION frame, no matter how tempting it looks. The good news? Each system is tailored to local appliances and standards, meaning your kitchen works just as it should for your region and your way of life.

    The kitchen paradox

    Isn’t it curious that the kitchen, often called the heart of the home, is where many of us feel least satisfied? We spend about 14 hours a week cooking there – and even more time cleaning, chatting, and helping with homework. At the same time, the latest IKEA Life at Home Report reveals that nearly 1 in 3 people in Switzerland find joy in cooking, which also happens to be the third most popular hobby globally. Those who enjoy cooking slow or experimental meals, and those who involve kids in cooking, are also found to be happier at home. Centres’ Life in Communities Report adds that 31% of us cook with others outside the home, making it a top-five shared activity. Turns out, the secret ingredient for a happy kitchen might just be how we choose to use it.

    The world’s most travelled cabinets

    Since their launch over a decade ago, we’ve delivered 150 million METOD and SEKTION cabinets, transforming 13.5 million kitchens across the globe in the process. Stack them all end to end, and you’d have a column of cabinets reaching halfway to the moon – an impressive 130,000 km of clever storage. Or why not line them up? That would cover almost two and a half laps of the planet – a global journey in more ways than one, making everyday life better for millions, one kitchen at a time. From Stockholm to Sydney, our kitchen cabinets are proof that affordable, well-designed furniture isn’t just practical – it can really take you places.

    Your kitchen can have impact (and that’s a fact)

    A better, more sustainable everyday life begins right where we chop, stir and share meals: the kitchen. This year’s People and Planet Consumer Insights and Trends research tells us that storing food properly and recycling aren’t just two of the most effective actions to address climate change, they’re also two of the most popular (82% and 77% of people doing them respectively). The same can be said for leftovers, with more than half of us keeping and using them at home. The twist comes with plant-rich diets: they’re one of the most impactful actions, but only 15% of people regularly choose veggie or vegan meals. So, what will you make for dinner tonight?

     

    Anything else you’d like to know?

    At IKEA, we have so many stories to tell. But many of them stay right here, within IKEA. That’s where our “Who knew?” series comes in. Is there anything you’ve always wondered about IKEA but never had the chance to ask? Contact us at [email protected] and we’ll get digging.

     

    About Ingka Group 

    With IKEA retail operations in 31 markets, Ingka Group is the largest IKEA retailer and represents 87% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on Ingka.com.

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  • Could Ending a Major Legal Dispute Shift Morgan Stanley’s (MS) Risk Profile and Growth Strategy?

    Could Ending a Major Legal Dispute Shift Morgan Stanley’s (MS) Risk Profile and Growth Strategy?

    • Morgan Stanley recently resolved a long-running legal issue by accepting a €101 million fine from Dutch authorities for historical dividend tax evasion between 2007 and 2012, settling with both prosecutors and tax administrators.

    • This resolution has removed a major legal overhang for the firm at a time when it continues to broaden business lines and innovate, such as through expansion into crypto services and wealth management growth initiatives.

    • We’ll now examine how clearing this regulatory hurdle could influence Morgan Stanley’s growth outlook and risk profile going forward.

    Find companies with promising cash flow potential yet trading below their fair value.

    To see value in Morgan Stanley as a shareholder today, you would likely need confidence in the firm’s ability to drive sustained fee-based growth through wealth and asset management, while managing the sector-wide shift toward digital platforms and passive investing. The recent €101 million settlement with Dutch authorities, resolving historic tax-evasion claims, appears to clear a longstanding legal risk with minimal immediate impact on Morgan Stanley’s most important catalysts or principal near-term risks.

    Among recent developments, Morgan Stanley’s string of fixed-income offerings stands out as most relevant following the legal settlement. Access to new capital through these bond issues could offer added flexibility as the firm continues to invest in innovation and recurring revenue streams, but does not materially alter the central risk of regulatory changes or fee compression facing the business.

    However, investors should be aware that much of the risk remains tied to shifts in global regulations and sudden…

    Read the full narrative on Morgan Stanley (it’s free!)

    Morgan Stanley’s narrative projects $76.0 billion revenue and $17.2 billion earnings by 2028. This requires 5.0% yearly revenue growth and a $3.1 billion earnings increase from $14.1 billion today.

    Uncover how Morgan Stanley’s forecasts yield a $168.15 fair value, in line with its current price.

    MS Community Fair Values as at Nov 2025

    Fair value estimates from the Simply Wall St Community span from US$102.53 to US$168.15 across 6 analyses, highlighting substantial divergence. You’ll find investors balancing these views with concerns around regulatory scrutiny and its ongoing potential to affect risk and returns, explore different outlooks and see which assumptions resonate with your own.

    Explore 6 other fair value estimates on Morgan Stanley – why the stock might be worth 40% less than the current price!

    Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    Don’t miss your shot at the next 10-bagger. Our latest stock picks just dropped:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include MS.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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  • Shop the sale from November 29 to December 1

    Shop the sale from November 29 to December 1

    Black Friday may be behind us, but that doesn’t mean you’ve missed out on your chance to save big this holiday season. Amazon’s Cyber Monday deals event just kicked off, and it will run through December 1, offering customers the opportunity to shop tons of deals across popular categories including home, electronics, beauty, and apparel from brands like Nike, Dyson, Beats, Shark, LEGO, and more.

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