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.
The pandemic hit movie theater chains like the Alamo Drafthouse hard. Cheddar Senior Reporter Michelle Castillo talks to CEO Tim League about the reopening and a slow return to normalcy.
Cheddar has been covering the biggest news of the week with some of the biggest names in the biz.
Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars.
Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business.
Stocks closed higher on Wall Street on Friday, but still marked their first weekly loss in six weeks.
Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though consumer spending slowed amid economic uncertainty during the coronavirus pandemic.
The federal government is suing Uber saying it discriminates against disabled people by charging fees when drivers have to wait for passengers to board their vehicles.
Stocks managed to close mostly higher on Wall Street Thursday, but the S&P 500 is still on track for its first weekly loss in six weeks
Biden is holding up Baltimore’s port as a blueprint on how to reduce shipping bottlenecks that have held back the economic recovery from the coronavirus pandemic
The Democrat and former police officer has since doubled down on his plans to make New York a crypto hub along the lines of Miami,
