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Refining margin for 10ppm sulphur gasoil logged weekly increases of over 10% as of Friday, with regional supplies still poised for some tightness. December gasoil crack GO10SGCKMc1 closed higher from the previous session at premiums above $17 a barrel on Friday. Meanwhile, spot premiums GO10-SIN-DIF held near levels of about 50 cents a barrel, with one window trade emerging. Regional supplies of gasoil could further tighten due to limited outflows from China, based on LSEG Oil Research this week. On the jet fuel front, spot premiums also held to their recent strength, with higher-priced bids emerging on the window. Reflecting the stronger performance in gasoil derivatives, the regrade spread JETREG10SGMc1 narrowed to a premium of 60 cents a barrel by Friday. – One gasoil deal, no jet fuel deal. – U.S. distillate stockpiles, which include diesel and heating oil, fell by 100,000 barrels in the week to 114.3 million barrels, versus expectations for a 20,000-barrel decline. EIA/S – ARA gasoil stocks, which include diesel and heating oil, declined by 2% to 2.37 million tons due to strong demand in inland markets up the Rhine river, data from Dutch consultancy Insights Global showed. – The United States imposed new sanctions on Russia’s Gazprombank on Thursday, the Treasury Department said, as President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before he leaves office in January. – China’s crude oil imports are set to rebound in November after sharp price cuts boosted demand for Iraqi and Saudi oil, offsetting a drop in Iranian supply, according to analysts, traders and shiptracking data. – Several ships in Singapore and Rotterdam reported operational problems in recent months after using marine fuel blended with cashew nutshell liquid biofuel, fuel testing agency CTI-Maritec said in an advisory. Source: Reuters (Reporting by Jeslyn Lerh; Editing by Shreya Biswas)Commerce Bank grew its stake in shares of Cleveland-Cliffs Inc. ( NYSE:CLF – Free Report ) by 342.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,870 shares of the mining company’s stock after acquiring an additional 90,477 shares during the quarter. Commerce Bank’s holdings in Cleveland-Cliffs were worth $1,492,000 at the end of the most recent quarter. Other large investors have also modified their holdings of the company. Strengthening Families & Communities LLC increased its position in Cleveland-Cliffs by 299.8% during the third quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,490 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Cleveland-Cliffs in the second quarter valued at $26,000. Hobbs Group Advisors LLC acquired a new position in Cleveland-Cliffs in the second quarter valued at $31,000. Gradient Investments LLC grew its position in Cleveland-Cliffs by 138.8% during the second quarter. Gradient Investments LLC now owns 2,149 shares of the mining company’s stock valued at $33,000 after acquiring an additional 1,249 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Cleveland-Cliffs by 247.8% during the first quarter. EverSource Wealth Advisors LLC now owns 1,885 shares of the mining company’s stock worth $43,000 after acquiring an additional 1,343 shares during the last quarter. 67.68% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of analysts have recently issued reports on CLF shares. Morgan Stanley decreased their target price on Cleveland-Cliffs from $15.00 to $13.50 and set an “equal weight” rating for the company in a report on Wednesday, September 18th. Seaport Res Ptn upgraded shares of Cleveland-Cliffs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 27th. Citigroup cut their target price on shares of Cleveland-Cliffs from $18.00 to $12.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 10th. Finally, StockNews.com cut shares of Cleveland-Cliffs from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cleveland-Cliffs presently has a consensus rating of “Hold” and a consensus target price of $17.56. Cleveland-Cliffs Trading Up 4.9 % Shares of CLF opened at $12.46 on Friday. Cleveland-Cliffs Inc. has a one year low of $10.21 and a one year high of $22.97. The stock has a 50-day moving average price of $12.64 and a 200 day moving average price of $14.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.85. The company has a market capitalization of $6.15 billion, a P/E ratio of -12.85 and a beta of 1.97. Cleveland-Cliffs ( NYSE:CLF – Get Free Report ) last released its earnings results on Monday, November 4th. The mining company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.02). The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.72 billion. Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. The business’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. Sell-side analysts forecast that Cleveland-Cliffs Inc. will post -0.4 EPS for the current fiscal year. About Cleveland-Cliffs ( Free Report ) Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017. Featured Articles Want to see what other hedge funds are holding CLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cleveland-Cliffs Inc. ( NYSE:CLF – Free Report ). Receive News & Ratings for Cleveland-Cliffs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cleveland-Cliffs and related companies with MarketBeat.com's FREE daily email newsletter .
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Hawke’s Bay: Orchardist Greig Taylor says technology is aiding his water-saving methodsSoak it in, Nebraska fans. The long wait is finally over. The Nebraska football team is going bowling for the first time since 2016, and those who saw it happen live on Saturday couldn’t wait any longer to start the celebration. Fans rushed the Memorial Stadium field for the second time this fall, and who could blame them? As Nebraska’s one-time pregame anthem, “Can You Feel It,” blasted from the stadium’s loudspeakers, the answer was undoubtedly yes — everyone could feel the energy and the joy present on the field. Fans jumped together, screaming into the November night sky as Nebraska staffers milled around and players received congratulations, applause and handshakes. That such a breakthrough moment would happen for the Nebraska football this fall was not always certain, especially after the Huskers dropped a fourth straight game to USC last week. Following that game, quarterback Dylan Raiola boldly proclaimed he felt the Huskers would win their next game — but why? “I’m a big vibes person, and when I came back in the locker room even though we lost, I just got the vibe that we were about to take off,” Raiola said. On Saturday night inside Memorial Stadium, the vibes were immaculate. Let’s drop into coverage: When Nebraska walked off the field at the 2016 Music City Bowl, no one would’ve predicted that it’d be eight years before the Huskers would themselves back in the postseason. Year after year and season after season followed — each with its own promise and potential, only to end in heartbreak. There was the defensively challenged 2017 team, and the 2018 team that started 0-6 but put things together late. The 2019 team showed flashes but stumbled late, especially in one-score games. The 2020 team actually got the option to go to a bowl game but turned it down. The 2021 team earned the unfortunate moniker of perhaps being the best three-win team ever. The 2022 team once again found itself on the wrong end of one-score games. The 2023 team had an elite defense but couldn't get the job done in four tries. In the end, it was the 2024 Huskers who got it done, true freshman quarterback and all. It was impossible to see the accomplishment of Saturday night and not think of the hundreds of Huskers whose playing careers came to an end not during a bowl game but during the regular season. Players like Ethan Piper, Garrett Nelson, Luke Reimer or Trent Hixson — Nebraskans who shed blood, sweat and tears for the program with little to show for it. “It’s for the guys that came before us and stuck through it all,” senior Isaac Gifford said of making a bowl game. Head coach Matt Rhule was paid the big bucks to deliver such a moment, but he’s still deserving of credit for getting the job done. An inability to get over the line in 2023, combined with a swing and a miss at a transfer portal quarterback, raised pressure on Rhule as other programs found their quick fix and instant success. Rhule, who earned a reputation as a program-builder from his time at Temple and Baylor, was always going to focus on long-term, not short-term success. “The future of Nebraska football is not hanging on one decision; it’s hanging on an accumulation of great recruiting, great development, great coaching and great teaching,” Rhule said in November 2022. The Nebraska administrators who stood alongside Rhule on that day — Chancellor Ronnie Green, President Ted Carter and Athletic Director Trev Alberts — all left their posts before seeing the process through. Rhule, however, hasn't wavered. Nebraska fans can have their gripes about clock management, playing time, offensive play calls or any of the other places where NU still has room for improvement — but who can deny that Rhule has made strides in each and all of those areas? “It’s relief in that I’ve gotten the benefit of doing this twice before,” Rhule said Saturday of snapping the bowl game streak. “I look at the weight room, I look at the training room, sports science, sports psychology, player development, recruiting and I look at all the things we’re doing and believe it’s all right and that it’s all going to pay off in a big way.” Offensive coordinator Dana Holgorsen is cooking up something special. Facing a Wisconsin defense that allowed just 16 points against No. 1 Oregon last week, Nebraska ran the ball effectively, threw the ball into tight windows and strung together drives with impressive consistency. It’s not just the 44-point output that stands out — the way Nebraska played on offense has simply looked different with Holgorsen calling the plays the last two weeks. “Credit to coach Holgorsen and what he’s brought to the offense,” Rhule said. “Maybe it’s playcalling, but I think the biggest thing he’s brought is a little bit of swagger to them.” Let’s give Holgorsen his flowers while remembering something as well: this is still the offense designed and built by Marcus Satterfield over the last two seasons. Holgorsen hasn’t reinvented the wheel since taking over, but what he has done is shake up the rhythm and timing of play calls within the offense and the personnel trusted to execute them. In order to run the ball, you have to commit to it, and Holgorsen has done an excellent job thus far of making sure Nebraska gets plenty out of its ground game. Playing the most snaps (52) of any Husker running back this season, sophomore Emmett Johnson also ran for the most yards (113) any player has all year. Nebraska also debuted a nifty two-back look where Dante Dowdell and Johnson lined up alongside Raiola in the backfield, a formation that gave the Wisconsin defense trouble to defend. Credit the blocking, up front and on the perimeter — where NU has looked much better in recent weeks — for springing the big running day. 20 of NU’s 38 rushing attempts went to the right side of its offensive line, with the Huskers averaging over 6 yards per carry on those plays. Holgorsen also dialed up the right mixture of passing plays for Raiola, who played his first interception-free game since late September. Nebraska got the ball out quickly with Raiola often firing to his first read for short gains, a setup senior Jahmal Banks said was “just like practice.” “The ball went where it was supposed to be,” Rhule said of Nebraska’s pass game, adding that the Huskers did well in pass protection. Also of interest in NU’s offensive personnel was senior wide receiver Isaiah Garcia-Castaneda getting on the field to record his first catch since the 2023 season opener. And at tight end, usual starter Thomas Fidone II spent much of the game on the sidelines after committing an early false start penalty. Fidone played just three snaps, ceding playing time to Nate Boerkircher (49 snaps played) and Luke Lindenmeyer (44 snaps). Many of the players who powered the Nebraska offense on Saturday are the same who the Huskers will hope to build around moving forward. Johnson in particular stands out as the running back of the future for Nebraska, having averaged 4.6 yards per carry a year ago and 5.4 yards per attempt this fall in addition to his skills as a pass-catching back. “We’re changing Nebraska football,” Johnson said after the game. Raiola, of course, has gone through his own learning curves and should come back stronger as a sophomore in 2025 as a result. His favorite target this fall, freshman wideout Jacory Barney Jr., also continues to impress as the season progresses. In addition to his work on special teams, Barney has 49 receptions, 10 rushing attempts, three touchdowns and over 500 yards to his name this season. “Jacory runs a route as hard if he’s the first progression as if he’s the fourth progression; he runs every play like it’s the last play of his life,” Rhule said. Nebraska’s depth of talent on offense runs much deeper than those players, with some who’ve not even seen the field this fall set to make their impact moving forward. Knowing that this Wednesday will not be their final practice of the season with bowl game practices to follow simply adds to the growth potential of NU’s young offense. “There’s a lot of guys that if they just stop at the end of the year, catch their breath and look up, they’ve really gotten better over the course of the year,” Rhule said. “Now we have a couple extra weeks of bowl practice to try and get them to another one.” A veteran-heavy Nebraska defense, excellent throughout the 2023 season, hasn’t necessarily been at the same level this fall. Remember, that unit essentially dragged the team to five wins; earning more than that is the reward for their hard work this time around. Wisconsin struggled to finish drives off but still chewed up more than 400 yards of offense as Nebraska allowed 20-plus points for the fifth week in a row. Still, NU’s early season success — particularly in the nonconference slate — has allowed the Huskers to put together a solid campaign at home. Nebraska allowed just 15.7 points per game inside Memorial Stadium this season, a number which rose to 28.8 points per game on the road. Nebraska’s Black Friday matchup against Iowa will pit the Huskers against a team that is down to its fourth-string quarterback. If there’s one thing Iowa knows how to do, it is win with defense, special teams and the ground game. Sophomore walk-on Jackson Stratton completed 10-of-14 passes for 76 yards in Iowa’s win over Maryland, with head coach Kirk Ferentz saying Stratton is likely to start against Nebraska as well. NU fans can now begin looking at bowl game projections with the knowledge that the Huskers will be a part of the postseason. CBS Sports’ projection, updated after Nebraska’s win over Wisconsin, has the Huskers set for the Guaranteed Rate Bowl against Texas Tech on Dec. 26 in Phoenix. Get local news delivered to your inbox!
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McDonald’s Australia and Netflix have brought the Dalgona Candy Challenge to life with the Squid Game Meal, only in Australia in anticipation of Squid Game 2 . Developed by OMD and Akcelo, the Dalgona Candy Challenge and ‘Dare to Play’ campaign taps into the global popularity of Squid Game, giving fans the chance to engage in an interactive version of one of the show’s most iconic and viral challenges, with exciting prizes to be won. “Squid Game is Netflix’s most-watched show, and we’re thrilled to bring this cultural phenomenon to life at Macca’s,” Amanda Nakad , marketing director for McDonald’s Australia, said. “This collaboration gives our customers and fans the unique opportunity to step into the game and experience it like never before.” The exclusive Squid Game Meal includes a QR code that grants access to the game, where players race against time to complete the Dalgona Candy Challenge. In a unique Australian twist, McDonald’s has replaced the umbrella candy shape with a more challenging Golden Arches ‘M’. Those who succeed will have the chance to win exclusive co-branded merchandise, with a grand prize of $100,000 for one lucky challenger. The mobile game also features an immersive film that reimagines key moments from the iconic scene, including the original voice of Jeon Young-Soo (전영수) as the Game Instructor. Emily Bosler , OMD managing partner for McDonald’s, said: “This golden partnership allows us to deliver an interactive branded experience that captures the excitement of Squid Game while celebrating the fun and playfulness of Macca’s. We can’t wait for fans to join the challenge!” ‘Dare To Play’ demonstrates McDonald’s continued commitment to pushing the boundaries of customer engagement through immersive, cross-platform experiences. The campaign will drive engagement through a range of activations, including restaurant experiences, OOH, social media, fandom pages, and a Dalgona Candy Challenge event at World Square Sydney, where the public can participate in a Squid Game-themed playzone under the watchful eye of the Pink Guards. Aden Hepburn , CEO of Akcelo, said: “As superfans of both Netflix’s Squid Game and Macca’s, we have loved every moment of bringing this unforgettable campaign to life at scale with McDonald’s and OMD. The result is simply unlike any other Macca’s campaign that’s come before and we can’t wait to see how Australia – and the world – will react.” This unique partnership extends beyond the meal itself. McDonald’s will serve as the single-title sponsor for Squid Game 2 in Australia on Netflix’s ad-supported platform, coinciding with the series’ global release on Boxing Day, 26 December. CREDITS McDonald’s Australia Chief Customer Officer – Chris Brown Marketing Director – Amanda Nakad Head of Brand & Menu – Nichole Tsiros Brand Manager – Samantha Lau Digital Experience Manager – Luke Elzerman Netflix (in partnership with Gemba) Head of Partnerships – Harvey Brant Partner Marketing Creative – Eunbee Kyung OMD Emily Bosler – Managing Partner, McDonald’s Zoe May – Head of Strategy – Macca’s Hattie Dinger – Partnerships Director Taylor Hilditch – Account Director Soraya Ghaidan – Account Manager Paige Ye – Diverse Senior Account Manager Akcelo Group Executive Creative Director – Louise McQuat Creative Partner – Oskar Westerdal Creative Team – Ilya Aronovich & Misha McDonald Account Management – Max Bennett, Gabriel Montalban, April Tunstall & Brody Blinkhorn Production – Stephanie Ceccaldi, Dan Burns & Dave Bourke Design – Paul Critchley, Dan Martin, Cath Roberts, Justin Bellchambers & Richard Spencer Head of Craft – Jon Foye Motion – Benny O’Shea, Mike Ashburner, Jamie Muscat & Denys Michele Digital Experience – Mark Berry, Helen Turner, Jason Woods, Alwyna George, Kim Tang & Minho Baek Event Production – Lea Nguyen & Ben Turner Chief Strategy Officer – Dave Di Veroli Chief Executive Officer – Aden Hepburn Production Director – Alex Roberts, FINCH Producer – Bryce Lintern, FINCH DOP – Ross Giardina Post Production – Heckler Sound Design – Squeak E. Clean Photography – Mat Baker, Louis&Co Social – Reel Focus Films PR – Mango Communications Ashleigh Vallance – Senior Account Director Ian Lizardo – Senior Account Manager Gunjan Kaur – Account Manager CRM – Digitas Keep on top of the most important media, marketing, and agency news each day with the Mediaweek Morning Report – delivered for free every morning to your inbox.
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