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 closed broadly lower after a day of choppy trading on Wall Street Monday as investors prepare for a busy week of corporate earnings and inflation updates.
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.
Google is cracking down on digital ads promoting false climate change claims or being used to make money from such content, hoping to limit revenue for climate change deniers and stop the spread of misinformation on its platforms.
New York Comic Con is back in-person for the first time since the beginning of the pandemic, but some major exhibitors are sitting it out
U.S. stocks are mixed in jumbled trading on Friday after a weak jobs report raised questions about the Federal Reserve's timeline to pare back its immense support for markets.
Economists and markets were expecting big gains in the Department of Labor's monthly job report released this morning, but overall it was a mixed bag as the COVID-19 delta variant continues to temper economic growth.
Stocks rose broadly in morning trading on Wall Street as investors welcomed signals that a standoff in Congress over the federal debt ceiling is closer to a resolution.
With the Biden administration reportedly looking into regulating stablecoins like Tether and Circle, just what might those rules look like going forward?
General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030.
Amplify Energy’s emergency response plan for a major oil spill like the one unfolding in coastal Southern California depended heavily on a quick shutdown of its pipeline if sensors pick up a sudden loss of pressure.
