Esusu: Save More Money with Your Friends and Family
In cultures around the world families and friends pool their money together into a single pot of money. The process is called esusu, and a new app has adopted the name and making the process easier than ever.
Abbey Wemimo is the co-founder of Esusu. As an immigrant himself, Wemimo's mother practiced esusu and used that financing strategy to send Wemimo to school.
Wemimo explains that the main focus is to create a platform for immigrants and people of color, but of course he would be happy for all Americans to use the platform. Accessibility was a key factor in developing Esusu, which is why Wemimo says the company built a phone-based app.
DoorDash is getting into the advertising business and will list restaurant ads on the platform. Restaurants can compete for ad space through a bidding system, but DoorDash will only be paid if orders are placed at the advertised business.
It was a chaotic few days for Southwest Airlines customers as the airline canceled nearly 2,000 flights since Saturday, leaving thousands of passengers and flight crews stranded. Southwest blamed it on a combination of bad weather, air traffic control, and a staffing shortage. For more on this, David Shepardson, correspondent at Reuters, joined Cheddar’s Opening Bell.
Energy company Chevron has set a goal to reduce its operational carbon footprint to net zero by 2050. However, the company has not committed to reducing emissions on its gas and oil products.
