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 ended a wobbly day with mixed results Wednesday after the Federal Reserve said it was seeing improvement in the economy, but not enough to start dialing down its support for it.
Tesla’s quarterly profit has surpassed $1 billion for the first time. The results come as the electric car pioneer navigated through a pandemic-driven computer chip shortage that has caused major headaches for other automakers.
Stocks closed lower on Wall Street, pulling major indexes back slightly from the records they set a day earlier.
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Stocks shook off a wobbly start and finished slightly higher on Wall Street, edging major indexes a bit further into record territory.
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Crocs, the Colorado-based shoe brand, is suing Walmart, Hobby Lobby, and 19 other companies for copyright infringement, alleging the retailers copied its iconic clog.
High-end smoke shop Higher Standards decided to celebrate New York marijuana legalization by commissioning a mural on the store’s facade at Manhattan's Chelsea Market.
