Investing.com reports Valaris’ strong Q3 performance with solid cash flow and EBITDA

Investing.com reports Valaris’ strong Q3 performance with solid cash flow and EBITDA

Valaris PLC (VAL), a leader in offshore drilling services, reported a solid financial performance in its Third Quarter 2024 Earnings Call, underscoring a strong market presence and future growth potential. CEO Anton Dibowitz and CFO Chris Weber shared that the company generated $111 million in free cash flow and achieved an adjusted EBITDA of $150 … Read more

BOE Governor Bailey states Britcoin will not supplant cash

BOE Governor Bailey states Britcoin will not supplant cash

Digital currency will not completely replace physical cash in the UK, as the Bank of England intends to continue providing notes and coins as long as there is demand for them. Governor Andrew Bailey made this clear during a panel discussion at the Group of Thirty’s 39th Annual International Banking Seminar in Washington. He emphasized … Read more

Consumers shifting to cheaper models as average car price surpasses $47,000— and it’s not just those low on cash

Consumers shifting to cheaper models as average car price surpasses ,000— and it’s not just those low on cash

“ Michelle Chumley, a 56-year-old nurse from Ohio, recently made a conscious decision to opt for a more affordable vehicle when replacing her Chevrolet Blazer SUV. Instead of splurging on a pricey new SUV, she chose a Chevrolet Trax compact SUV, joining a growing number of buyers in the below-average $20,000-to-$30,000 price range. This shift … Read more