The use of recycled material was previously limited to plastic products that did not require color. Luckily, new products made from post-consumer recycled (PCR) materials, like carrier resins for masterbatches from M. Holland, can be colored. These resins enable companies to incorporate recycled plastics into their sustainability strategies. Click here to read the blog post.
Amazon’s market value dipped below $1 trillion Tuesday for the first time since the early pandemic.
In the latest news from earnings season:
Uber shares soared after the ride-hailer’s quarterly revenue rose 72% from a year earlier, bolstered by higher prices. Profits from the company’s Uber Freight digital freight business fell to $1 million from $5 million the prior quarter.
Airbnb’s quarterly growth slowed to 29% on impacts of the stronger U.S. dollar and a slowdown in bookings.
Snack-food-maker Mondelez lifted its full-year outlook after quarterly sales rose 8.1%.
Insurer AIG saw a 39% profit decline on investment losses and large bills from Hurricane Ian.
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