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By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — U.S. stocks are recovering some of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street.

The S&P 500 rose 0.8% in early trading to claw back roughly half of Friday’s drop. The Dow Jones Industrial Average was up 310 points, or 0.7%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.2% higher.

Wayfair helped lead the way with a 12.3% jump after the retailer of furniture and home decor said accelerating growth helped it make more in profit and revenue during the spring than analysts expected.

Tyson Foods also delivered a bigger profit for the latest quarter than analysts expected, and the company behind the Jimmy Dean and Hillshire Farms brands climbed 3.8%.

They helped offset a 7.1% drop for On Semiconductor, which only matched analysts’ expectations for profit in the latest quarter. The company, which sells to the auto and industrial industries, said it’s beginning to see “signs of stabilization” across its customers. read more

By CATHY BUSSEWITZ, Associated Press

NEW YORK (AP) — Saying “enough is enough,” thousands of workers at three Boeing manufacturing plants went on strike overnight less than a year after the company boosted wages to end a separate, 53-day strike by 33,000 aircraft workers.

On Monday, about 3,200 workers at Boeing facilities in St. Louis; St. Charles, Missouri; and Mascoutah, Illinois, voted to reject a modified four-year labor agreement with Boeing, the International Association of Machinists and Aerospace Workers union said.

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By CORA LEWIS and LINLEY SANDERS, Associated Press

NEW YORK (AP) — The vast majority of U.S. adults are at least somewhat stressed about the cost of groceries, a new poll finds, as prices continue to rise and concerns about the impact of President Donald Trump’s tariffs remain widespread.

About half of all Americans say the cost of groceries is a “major” source of stress in their life right now, while 33% say it’s a “minor” source of stress, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Only 14% say it’s not a source of stress, underscoring the pervasive anxiety most Americans continue to feel about the cost of everyday essentials.

Other financial stressors — like the cost of housing or the amount of money in their bank accounts — are also broadly felt, but they weigh more heavily on younger Americans, who are less likely than older adults to have significant savings or own property.

The survey also found that about 4 in 10 Americans under age 45 say they’ve used what are known as “buy now, pay later” services when spending on entertainment or restaurant meals or when paying for essentials like groceries or medical care. read more

By MICHELLE CHAPMAN, Associated Press Business Writer

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.

The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.

In December Delaware Chancellor Kathaleen St. Jude McCormick reaffirmed her earlier ruling that Tesla must revoke Musk’s multibillion-dollar pay package. She found that Musk engineered the landmark pay package in sham negotiations with directors who were not independent.

At the time McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys, who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. read more

By Katie Kelton, CCC, Bankrate.com

When it comes to back-to-school shopping, some of us might think fondly of new backpacks and the scent of fresh pencils. But Bankrate’s 2025 Back-to-School Shopping Survey shows others might simply see dollar signs.

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Stubborn inflation continues to change how nearly 1 in 3 back-to-school shoppers (30%) shop, but that percentage has trended down in recent years, perhaps indicating Americans have become more accustomed to paying higher prices.

Ronda Sunderhaus, Bankrate senior account manager in Charlotte, North Carolina, has lengthy back-to-school shopping lists for her three kids. In addition to school supplies, they buy several new outfits, backpacks and lunch boxes — “Those never seem to last when you pack lunch every day of the week,” she says. read more