Amazon is making it easier for people to shop by letting Twitter users add items to their Amazon shopping carts with just a hashtag. It’s another way the companies are intertwining finances and social media (like Twitter promotions from American Express).
- Series I savings bonds are now touting a composite rate of 1.94%. If you buy I bonds and sell them within 12 months (assuming a 0% composite rate after the first six months), you will earn an effective APY of 0.97%, which barely beats some of the leading savings rates currently available. However, it is unlikely that the composite rate will be 0% during the next I bond rate announcement.
- The jobs market is making strides after three months without any major improvement. According to the Bureau of Labor Statistics, the unemployment rate fell from 6.7 percent in March to 6.3 percent in April. The major drop was due to job growth in professional and business services, retail trade, food services and drinking places, and construction.
- Amazon has introduced a way to shop through Twitter. After linking their Amazon accounts to Twitter, customers can add items that they discover through the tweets of others to their carts. They have to reply to a tweet — containing an Amazon.com product link — with the hashtag #AmazonCart. When they have time, customers can proceed to checkout for the items they’ve added.
- SunTrust Bank unveiled a new goal-oriented savings account to help customers save for different things. Each e-Savings account can be designated toward a specific goal with a nickname. It does not have a monthly fee, but it is only available to customers who already have a SunTrust checking account.
- Mother’s Day is on Sunday, and Americans may be on their last-minute dash to pick up a gift for mom. In addition to taking advantage of deals and discounts from retailers, consumers may also want to check if their credit cards and rewards programs offer any other promotions that will help them save a little money on Mother’s Day gifts.