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 European Union is unveiling plans that would require smartphone makers to adopt a single charging method for mobile devices.
The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the delta variant of the coronavirus may be disrupting the job market’s recovery, at least temporarily.
Stocks rose broadly for a second day in a row on Wall Street Thursday, reversing the market’s losses for the week just three days after the S&P 500 had its biggest skid since May.
Many had expected Fed Chair Jerome Powell to clarify the timing of the long-anticipated taper following Wednesday's meeting of the Federal Open Market Committee (FOMC), and he didn't disappoint.
Facebook's semi-independent oversight board says it will review the company's "XCheck," or cross check system following an investigation by The Wall Street Journal into the use of an internal system that has exempted high-profile users from some or all of its rules.
Stocks held on to their gains on Wall Street Wednesday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year.
Activision Blizzard, one of the world’s most high-profile video game companies, has confirmed a regulatory probe and said it is working to address complaints of workplace discrimination.
Major indexes ended mixed on Wall Street Tuesday after spending much of the day wobbling between gains and losses.
The White House says President Joe Biden will ease foreign travel restrictions into the U.S. beginning in November.
It's difficult it is for many to navigate the marketplace for kids masks, which as medical mask manufacturers point out, didn't really exist prior to the pandemic.
