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.
J. Allen Brack, the president of Activision’s Blizzard Entertainment, is leaving the company as it continues to deal with the fallout from a discrimination and sexual harassment lawsuit.
Stocks shook off a wobbly start and ended higher Tuesday as traders weighed another big set of company earnings reports.
Biles Takes the Beam, Vax Milestone & 'Lord of the Rings' First Look
A growing number of businesses are requiring their employees to get vaccinated against COVID-19, alarmed by the rise of the more contagious delta variant and frustrated that vaccination rates in the U.S. have plateaued.
Jill and Carlo talk about the latest from Tokyo including Simone Biles plans to compete in the balance beam final, Dr. Fauci's dire Delta warning, high profile vaccine mandates from employers like Walmart and Disney, and Square's acquisition of Afterpay.
Stocks closed mixed on Wall Street Monday after a day of choppy trading.
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.
Stocks ended lower on Wall Street, giving up their gains for the week. The S&P 500 still managed to end July higher, marking six monthly gains in a row, the longest such streak since 2018.
The huge container ship that blocked the Suez Canal for nearly a week earlier this year finally reached the port of Rotterdam in the Netherlands on Thursday.
