How One Fabric Company Is Working To Extend The Life Of Your Clothes
Nothing is worse than spilling coffee or red wine all over a brand new shirt, but what if you could wash that stain right out with a little water? Dropel Fabrics is making that a reality. Co-Founder Simardev Gulati shows us how.
Gulati gives our hosts a demonstration of the company's fabrics. Dropel Fabrics uses a special treatment to give natural fibers the same spill- and stain-proof characteristics as polyester.
Gulati says they have teams in countries from Portugal to China working keep up with global trends in fashion and retail. A shirt from Dropel Fabrics starts around $40.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
