Federal Reserve Chair Janet Yellen Heads to Capitol Hill

Fed Chair Yellen is expected to repeat what she's said about interest rates-that more gradual increases will be coming.
Author:
Publish date:

Fed Chair Yellen is expected to repeat what she's said about interest rates-that more gradual increases will be coming. She will be testifying before the House Financial Services Committee on Capitol Hill. Meanwhile, Politico reports that White House Advisor and former Goldman Sachs executive Gary Cohn is the lead candidate to replace Janet Yellen as the Chair of the Federal Reserve. Amazon ( (AMZN) - Get Report ) says this year's Prime day is likely its biggest sales day in the company's history. It says home chef, electronics, DNA tests and headphones were among the best sellers. CNBC reports that beauty products had the biggest discounts on Prime day. Toys and games were not marked down and in some cases, were actually more expensive on Prime day than a typical day. The country's largest tech companies will try to mobilize users today in an online protest. USA Today says the 'net neutrality day of action' refers to the concept that all internet traffic should be treated equally.

WATCH HERE: TheStreet's new series #AlphaRising: