The Latest Breaking News from Janet Yellen

The major indexes spent most of Thursday in rally mode, but selling pressure emerged in afternoon trading.

The president has drawn up a glowing assessment of his environmental action. The CEO of Tesla says Biden has his priorities wrong.

Stock futures nudge higher as Fed hints at rate hike pause; Yellen says no plan for 'blanket' bank deposit insurance' from Treasury; Coinbase shares tumble after crypto exchange gets SEC Wells Notice; Swiss National Bank hikes rates, says bank crisis 'halted and Boeing confirms $2.5 billion 737 Max deal with…

Bill Ackman said he would be “would be surprised if deposit outflows don’t accelerate effective immediately.”

Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.

Techs led futures higher after Wednesday's Fed-led sell-off. Apple and other titans have masked market weakness

The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis.

PacWest said its plans to raise new capital "would not be prudent" given "current volatility in the market and depressed market prices for regional bank stocks".

Stock futures edge lower as Fed rate decision looms; Fed Chair Powell faces difficult choice between inflation fight and bank stability; First Republic shares extend gains amid capital support plans; GameStop shares soar following first quarterly profit in two years and Nike slips lower as margins pressures cloud Q3 profit…