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.
Fireworks may be harder to come by this year amid nationwide shortages that are pushing prices up and leaving shelves empty.
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.
After two months of lower than expected job gains, the June jobs data has brought some cheer to those looking for a faster economic recovery.
Stocks are again closing higher on Wall Street, with the S&P 500 posting its seventh straight gain and seventh consecutive all-time high.
America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs.
Stocks finished broadly higher on Wall Street Thursday, adding to the gains that helped the market close out its best first half of a year since the dotcom bubble.
The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year.
The race for an exchange-traded fund (ETF) based on bitcoin is heating up despite multiple delays from federal regulators.
Wall Street closed out its fifth straight quarterly gain Wednesday, continuing its comeback from a steep drop in early 2020 at the onset of the coronavirus pandemic.
President Joe Biden is in Wisconsin, looking to sell voters on the economic benefits of the $973 billion infrastructure package.
