All articles tagged with #weakening
The US dollar has fallen to a three-year low, with technical indicators suggesting further decline, potentially leading to a breakdown. While some signs hint at a possible rebound, overall momentum and historical patterns indicate more downside risk, especially amid geopolitical and economic factors such as the 'revenge tax' and international hedging activities.
The volcanic eruption in southwest Iceland is weakening, with three vents currently erupting compared to the previous five. The Icelandic Met Office warns that while the eruption continues to weaken, new vents could open at short notice along the original fracture or further north or south. There are concerns about potential damage to houses, but no injuries have been reported. Pollution from the volcano has not reached the capital, Reykjavik, and flight disruptions are not expected to be as severe as in 2010. People have been advised to stay away from the area.
The earth is becoming uninhabitable due to rising temperatures, with the Gulf Stream weakening now being 99% certain, according to a recent report.
Beyond Meat, the plant-based meat substitute company, has revised its positive cash flow goal as demand for its products weakens. The company is facing challenges in maintaining its growth trajectory and has adjusted its financial expectations accordingly.
Tropical Depression 2 has formed in the Northeast Gulf of Mexico off the coast of Florida, but there are no watches or warnings in effect for this system. The depression is dealing with dry air and wind shear, which are not conducive for development, and it is expected to weaken Friday as it meanders over the Gulf of Mexico. The depression is forecast to move to the South towards Cuba and become a remnant low by Saturday.