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Cummins Shares Surge After UBS Upgrade on AI Data Center Demand
UBS upgraded Cummins to Buy and raised its target to $850, citing surging AI data center backup power demand and a stronger North American truck cycle.
SmartKem Surges 100% on SRx Health Stake, Listing Peril Looms
SmartKem shares doubled after SRx Health Solutions announced a 4.99% stake and convertible preferred securities, offering a lifeline as the company faces a September 1 Nasdaq delisting deadline.
Texxon Shares Surge 284% in Wild Trading Session, Halted Six Times
Texxon shares surged 284% to $4.95, briefly hitting $12, with six trading halts. Volume exceeded 141 million shares, six times outstanding. The company warned of sharp, non-fundamental price swings.
June 10 Social Security Payments Arrive Amid Looming Trust Fund Crisis
Social Security payments for June 10 are being distributed, but a report warns of a 24% benefit cut by 2032 if the trust fund is depleted.
Snap Stock Slips Despite Credit Upgrade as Ad Market Woes Persist
Snap shares fell 2.1% to $5.64 on Monday, failing to join a broader tech rally, as market doubts about its ad business resilience persist despite a recent credit upgrade.
Lloyds Shares Near Pound as Buyback, Rate Cuts, and Economic Stability Shape Outlook
Lloyds Banking Group shares slipped 0.1% to 99.06p amid a share buyback and mortgage rate cuts, with CFO William Chalmers citing a stable UK outlook and forecasting net interest income above £14.9 billion for 2026.
Tech Stocks Rebound as AI and Semiconductor Names Lead Monday's Rally
U.S. stocks rebounded Monday as AI and semiconductor stocks led gains, with the Nasdaq Composite rising 1.27%. Citigroup raised its S&P 500 target to 8,100, but Goldman Sachs warned of a potential Fed rate hike.