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.
Stocks are closing higher on Wall Street Tuesday, giving the S&P 500 its fifth straight gain and getting it closer to the record high it set in early September.
The global energy crisis is about to hit home in the U.S. this winter as high energy prices and expectations of a colder winter than last year put pressure on common heating fuels.
Facebook says it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform.
Stocks wobbled to a mixed finish on Wall Street Monday as the market’s momentum slowed down following its best week since July.
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.
A panel of U.S. health advisers has endorsed booster doses of Johnson & Johnson’s single-shot COVID-19 vaccine.
Stocks ended higher again on Wall Street Friday, giving the S&P 500 its best week since July.
A panel of U.S. health advisers has endorsed booster shots for Moderna's COVID-19 vaccine.
With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.
More than 10,000 Deere & Co. workers went on strike Thursday after the United Auto Workers union said negotiators couldn't deliver a new agreement that would meet the “demands and needs” of workers.
