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.
Cheddar News visited the Amazon Fulfillment Center in Robbinsville, New Jersey and spoke to Amazon global communications director Rena Lunak to learn more about how its prepared for the supply chain crunch this holiday season.
Markets turned cautious again, erasing and early gain and ending lower as investors try to handicap how much the new coronavirus variant will impact the economy.
U.S. consumer confidence fell to a nine-month low in November, held back by rising worries about inflation and lingering concerns about the coronavirus.
Wall Street’s losses deepened on Tuesday after the head of the Federal Reserve said it will consider shutting off its support for financial markets sooner than expected.
The United Kingdom's antitrust watchdog has blocked Facebook's acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images.
A labor official is confirming a new union election for Amazon workers in Bessemer, Alabama based on objections to the first vote.
Now that COVID-19 vaccines are readily available, American Dream mall developer Paul Ghermezian and his team are hoping customers will look for that in-person holiday shopping experience that they missed throughout 2020.
Twitter says co-founder Jack Dorsey will step down as CEO of the social media platform.
The stock market steadied itself Monday following a slide last week brought on by the newest coronavirus variant.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
