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.
Invitae CEO Sean George joins Cheddar News' Closing Bell to discuss the company's acquisition of Ciitizen for $325 million, and how its patient data platform will provide even better results for both patients and their doctors. Invitae works to aggregate results from the world's genetic tests into a single, easy-to-use service, and Ciitizen's global data platform will help Invitae become a health technology and software leader.
The CEO of Salesforce said the company will help employees leave Texas, and he did so while retweeting a story linking the offer to concern about Texas’ new anti-abortion law.
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.
Bitcoin officially became legal tender in El Salvador on Tuesday despite international skepticism and pushback. Measuring the success of that experiment requires looking at one of the main indicators in El Salvador's economy: remittances.
Stocks gave up an early gain and turned lower Friday, remaining on track for weekly losses in this holiday-shortened week.
A bulk carrier vessel became wedged Thursday in Egypt’s Suez Canal, briefly blocking traffic in one lane of crucial global waterway, Egyptian authorities said.
While the notoriety of the Coyote Ugly Saloon chain has always ensured customers, it is facing a new issue: service industry worker shortages.
Stocks on Wall Street lost more ground Thursday after a small early gain faded, keeping the S&P 500 and the Nasdaq headed for their first weekly decline in three weeks.
The number of Americans seeking unemployment benefits fell last week to 310,000, a pandemic low and a sign that the surge in COVID-19 cases caused by the delta variant has yet to lead to widespread layoffs.
Stocks are closing lower on Wall Street Wednesday following a Federal Reserve report that shows U.S. economic activity slowed this summer amid rising worries over resurgent coronavirus cases and mounting supply chain problems and labor shortages.
