Valaris Limited (VAL) Q4 2024 Earnings Call Transcript Summary
Valaris Outlines Strong 2026 Contracting Outlook While Managing Fleet Amid 2025 Challenges
The chip crisis worsens: order waiting times reach a record 21 weeks
The global chip supply crisis is intensifying, and companies in urgent need of chips waited a record 21 weeks for order delivery in August, 6 days longer than in July. According to research by market analysis company Susquehanna Financial Group, the 21-week chip delivery period is the longest since it began tracking this data in 2017. Susquehanna analyst Chris Roland said in a research report that although delivery times for analog chips and Broadcom Inc. (Broadcom Inc.) chips have worsened,
UN Secretary General Criticizes Bezos and Other Rich People: Billionaires Go to Space, People Starve on Earth
UN Secretary General António Guterres (António Guterres) unnamed criticized billionaires such as Amazon founder Jeff Bezos and Virgin Galactic founder Richard Branson on Tuesday. Guterres said in his opening address to the UN General Assembly that the billionaires' space race showed a huge gap between the poor and the super-rich. He said the “scourge of mistrust” is spreading around the world because people see their rights denied and food difficult to obtain every day. Guterres said, “Parents see that the future of their children looks bleaker than it does today.”