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By DAMIAN J. TROISE, AP Business Writer

NEW YORK (AP) — Stocks slipped in early trading on Wall Street Monday, after a big jump last week on hopes for more interest rate cuts from the Federal Reserve.

The S&P 500 fell 0.2% and was just below its all-time high. The Dow Jones Industrial Average fell 192 points, or 0.4% as of 10:25 a.m. Eastern time, pulling back from the record it set on Friday. The Nasdaq composite was mostly unchanged.

Keurig Dr Pepper sank 7.5% after saying it will buy Peet’s Coffee owner JDE Peet’s in a deal worth about $18 billion.

Treasury yields rose in the bond market following their big drop on Friday amid expectations that the Fed will cut its benchmark interest rate in September.

The yield on the 10-year Treasury rose to 4.29% from 4.25% late Friday. The two-year Treasury yield rose to 3.73% from 3.70% late Friday.

European markets were mixed and Asian markets closed lower overnight.

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Keurig Dr Pepper to buy Peet’s Coffee owner in $18 billion deal read more

NEW YORK (AP) — Less than a decade after their merger, Keurig and Dr Pepper plan to become separate companies again.

Keurig Dr Pepper said Monday it is buying the owner of Peet’s Coffee in an $18 billion (15.7 billion euro) . Then it will break itself in two, with one company selling coffee and the other selling cold beverages like Snapple, Dr Pepper, 7UP and energy drinks.

The agreement unwinds the 2018 merger of Keurig and Dr. Pepper. Shares of Keurig Dr Pepper fell 7% in early trading Monday.

Keurig Dr Pepper CEO Timothy Cofer said the separate coffee and beverage businesses would be more nimble and better able to focus on growth opportunities in their own markets.

“Following the separation, each stand-alone entity will lead its industry with a sharp strategic focus and with operating models that are finely calibrated to their unique categories and markets,” Cofer said Monday during a conference call with investors.

The combination with Peet’s parent JDE Peet’s, which is based in Amsterdam, significantly expands Keurig’s presence beyond North America, where it’s known for its single-serve coffee machines. JDE Peet’s owns the brands L’OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super and Moccona. read more

By TOM MURPHY, Associated Press Health Writer

Pricey prescriptions and nagging medical costs are swamping some insurers and employers now. Patients may start paying for it next year.

Health insurance will grow more expensive in many corners of the market in 2026, and coverage may shrink. That could leave patients paying more for doctor visits and dealing with prescription coverage changes.

Price increases could be especially stark in individual coverage marketplaces, where insurers also are predicting the federal government will end some support that helps people buy coverage.

“We’re in a period of uncertainty in every health insurance market right now, which is something we haven’t seen in a very long time,” said Larry Levitt, an executive vice president at the nonprofit KFF, which studies health care.

What’s hitting insurers

In conference calls to discuss recent earnings reports, insurers ticked off a list of rising costs: More people are receiving care. Visits to expensive emergency rooms are rising, as are claims for mental health treatments. read more

SpaceX has lined up its massive Starship and Super Heavy rocket for what would be its 10th suborbital test flight aiming to complete goals that have fallen short so far in 2025.

Watch Starship’s tenth flight test → https://t.co/UIwbeGoo2B https://t.co/gbQv9akMO9

— SpaceX (@SpaceX) August 15, 2025

SpaceX stood down, though, from a Sunday night attempt to relaunch the most powerful rocket to ever make it to space “to allow time to troubleshoot an issue with ground systems,” the company stated. Propellant load on the Super Heavy booster had already begun before the scrub was called.

But the company will try again Monday to lift off from its Texas launch site Starbase during a one-hour window that opens from 7:30 p.m. EDT.

The first two launch attempts this year had explosive ends to its upper stage that painted the skies with destructive debris seen from Florida, the Bahamas and the Caribbean. A third launch had the upper stage lost over the Indian Ocean.

The booster at least has seen some success this year including the second ever catch at the launch site, and then a reflight of that booster. read more

By Lane Gillespie, Bankrate.com

Try as we might to avoid it, sudden, expensive emergencies can happen to anyone. A pet might need an unexpected vet visit, your car might need a replacement part or you may experience a layoff. That’s where emergency savings come in: By keeping a savings fund that you only use for emergencies, you can have peace of mind knowing you can tackle any big expense that comes your way.

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While keeping an emergency savings fund is important, if you’re working with a tight budget, it may not be easy for you to put aside a few thousand dollars. In fact, nearly a quarter (24%) of Americans say they have no emergency savings, according to Bankrate’s Emergency Savings Report. read more