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Stocks shed gains after Fed signals more rate hikes ahead

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Stocks are broadly lower on Wall Street in afternoon trading Wednesday after Federal Reserve Chief Jerome Powell signaled that it’s too early for the central bank to consider pausing its interest rate increases as it tries to crush the worst inflation in decades.

Woman testifies that husband wanted 8 family members killed

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WAVERLY, Ohio (AP) — A woman who helped plan the 2016 slayings of eight members of another family, a crime that shook rural southern Ohio and stymied investigators for over two years, says the massacre was her husband’s idea.

‘Boogaloo’ backer arrested, faces federal charges in Detroit

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DETROIT (AP) — The FBI has arrested two alleged members of the far-right anti-government group the Boogaloo Boys, with authorities increasingly concerned about the potential for violence in the leadup to next week’s midterm elections.

Gunman who wounded 2 Newark police officers remains at large

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NEWARK, N.J. (AP) — A manhunt was underway Wednesday for a gunman who authorities said wounded two Newark police officers as they attempted to question him about a previous shooting.

Jury: Officer must pay man’s family $4.4M in fatal shooting

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EUCLID, Ohio (AP) — A white police officer who fatally shot a Black driver during a struggle inside a car in 2017 must pay his family $4.4 million.

N Korea fires 23 missiles, prompting air raid alert in South

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SEOUL, South Korea (AP) — Air raid sirens sounded on a South Korean island and residents evacuated to underground shelters after North Korea fired more than 20 missiles Wednesday, at least one of them in its direction and landing near the rivals’ tense sea border. South Korea quickly responded by launching its own missiles in the same border area.

CVS, Walgreens announce opioid settlements totaling $10B

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Two of the largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart is in discussions for a deal.

$6 million awarded in asbestos lawsuit against Ford, others

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ST. LOUIS (AP) — A St. Louis jury has ruled that Ford Motor Co. and other companies must pay $6 million to a Missouri family over claims that a woman’s death was caused by exposure to asbestos, including from dust generated during brake repairs.

Amazon Music expands catalog to 100M songs for members

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LOS ANGELES (AP) — Amazon Music is gearing up for a massive content expansion: The streaming giant will offer a full catalog of music with more than 100 million songs for members.

Supreme Court clears way for Graham testimony in Georgia

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WASHINGTON (AP) — The Supreme Court on Tuesday cleared the way for Sen. Lindsey Graham’s testimony in a Georgia investigation of possible illegal interference in the 2020 election by then-President Donald Trump and his allies in the state.