recycling

Global consumer spending growth exhibited some resilience in the second quarter of 2024. However, the latest PMI data shows a deceleration in the rate of expansion in the output of consumer-oriented sectors. For example, the U.S. recorded a decline in manufacturing activity for the fourth...

Radius Recycling, Inc. (NASDAQ:RDUS) shares are trading lower after it reported second-quarter (Q2) financial results for 2024. Revenue stood at $621.06 million, beating the consensus of $626.15 million. Gross margin declined to $40 million from $73 million a year ago, and adjusted EBITDA decreased...

The CEO of electric vehicle giant Tesla, Elon Musk, believes recycling household trash is counterproductive to environmental protection. What Happened: In a post on X, Musk responded to Billy Markus, the co-creator of Dogecoin, who questioned the usefulness of plastic recycling, and...

Key Takeaways: ATRenew’s revenue grew 38% in the second quarter, while its non-GAAP operating margin reached a record high of 1.8% on improving efficiencies The company forecast its revenue growth will slow in the current quarter to about 26%, as Chinese consumers await new Apple and Huawei...

Apple, Inc. (NASDAQ: AAPL) has increased the use of recycled products in 2021, aligning with its commitment to environmental and sustainability goals. What Happened: Nearly 20% of materials used in Apple's products last year were recycled goods, a record high, the iPhone...

Building vessels to haul large loads of freight across the world's oceans for years requires extensive time, materials, labor and energy. Once these vessels are retired, what happens to them? Two of the worst ship recycling practices are using manual labor instead of automation and releasing...

2020 is shaping up to be a year of progress in shifting towards a more sustainable way of life. Food and beverage giants such as Nestle (OTC: NSRGY) and Coca-Cola Co (NYSE: KO) along with tech behemoth Microsoft Corporation (NASDAQ: MSFT) already detailed ambitious projects. By Thursday, three new...

Nestle (OTC: NSRGY) previously announced it will spend $2 billion to cut plastic waste and this could be seen as an investment in keeping up with consumer changes, Nestle CEO Ulf Mark Schneider said in a CNBC interview aired Tuesday. Green Initiatives Nestle already made it clear a $2 billion...

The first-ever highway partially made of reclaimed plastic was inaugurated in Mexico on Nov. 13. The 2.5-mile stretch of highway in the state of Guanajuato in central Mexico used 1.7 tons of recycled plastic, or the equivalent of 425,000 plastic packaging units, according to Dow Plastics...

Image Sourced from Google

Two major companies have gone much greener. The Ocean Waste Sneaker Adidas AG (ADR) (OTC: ADDYY) and Parley for the Oceans recently announced a new limited-edition sneaker made out of ocean waste and other recycled materials. Source: Nice Kicks. The surprisingly stylish UltraBoost...

Recycling is not profitable anymore and that's creating a problem not only for companies engaged in that business, but for consumers as well. David Steiner, Waste Management, Inc. (NYSE: WM) CEO, was on CNBC Thursday to explain the economics behind recycling and how recycling can make a...

American chip maker Intel Corp. (NASDAQ: INTC) said it plans to open pop-up stores for the holiday season, according to Laptop. It’s unclear if the stores will actually sell anything, although a YouTube video created to promote the new Intel Experience locations indicates consumers can order...