THE NEWS WRAP: Twitter rolls out “buy” buttons within tweets

Twitter has announced its first commerce product, a buy button which allows its users to make purchases directly within tweets.

The company says the button will be visible to a small percentage of users in the United States, a number that will grow over time.

After tapping the buy button users will get additional product details and be prompted to enter shipping and payment information. Once that has been entered and confirmed, the order information is sent to the merchant for delivery.

The function will be tested with a group of artists, brands and non-profit organisations over the coming weeks.

Jawbone seeks $100 million in additional funding, opens API for Up Health Tracker

US consumer electronics device maker Jawbone is set to announce it will be opening up access to its Up app software that will allow it to be used on other smartphones, watches and wearables, Re/code reports.

That includes the wearable device Apple is expected to announce this week, as well as Google Android Wear devices and Microsoft Windows Phone.

Sources told Re/code the company has also been completing the raising of additional funding of up to $100 million, as part of the $250 million round it had said it was raising earlier this year.

The round values the company upwards of $3.3 billion.

Amazon Fire Phone price drops to 99 cents

Amazon has announced it’s cutting the price of its Fire Phone in the United States to 99 cents with a two year contract.

It’s a significant price drop, particularly when taking into account a year of Amazon Prime is included in the package, and the fact it launched at $199 just two months ago.

Overnight

The Dow Jones Industrial Average is down 25.94 to 17,111.42. The Australian dollar is currently trading at US93 cents.