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.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
