KALISPELL, Mont. and MOUNT PLEASANT, Texas, June 24, 2025 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. ("Glacier" or the "Company") (NYSE: GBCI) and Guaranty Bancshares, Inc. ("Guaranty") (NYSE: GNTY), the bank holding company for Guaranty Bank & Trust, N.A., a leading community bank headquartered in Mount Pleasant, Texas, today jointly announced the signing of a definitive agreement, pursuant to which Glacier will acquire Guaranty in an all-stock transaction. The acquisition marks Glacier's 27th bank acquisit ...

Core Viewpoint - A federal judge has allowed the Justice Department's antitrust lawsuit against Visa to proceed, rejecting Visa's attempt to dismiss the case, which alleges that Visa stifles competition in the debit card market [1][2]. Group 1: Lawsuit Details - The Justice Department filed the antitrust lawsuit against Visa in September, claiming that Visa uses exclusionary contracts and anticompetitive practices to maintain its dominance in the debit card market, leading to higher fees for merchants and consumers [3]. - The lawsuit accuses Visa of entering contracts with merchants that require them to route nearly all debit transactions through its network, employing "cliff pricing" structures that penalize merchants for not meeting volume commitments, discouraging issuers from enabling competing networks, and paying potential competitors not to develop alternative debit products [4]. Group 2: Visa's Response - Visa's General Counsel, Julie Rottenberg, described the lawsuit as "meritless," arguing that the debit space is competitive with many companies offering various payment methods, and that Visa's network is chosen for its security, reliability, and fraud protection [5]. - PYMNTS CEO Karen Webster noted that the effectiveness of payment systems for consumers poses a challenge for Visa's competitors, emphasizing that innovation and consumer choice will ultimately determine payment methods [6].

NEW YORK, June 24, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Hims & Hers Health, Inc. (“Hims & Hers” or the “Company”) (NYSE: HIMS). The investigation concerns whether Hims & Hers and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On April 29, 2025, Hims & Hers and Novo Nordisk announced a “long-term collaboration” through which Hims & H ...

Core Viewpoint - Kansas City Life Insurance Company ("KCL") has entered into a settlement agreement to resolve claims related to the cost of insurance rates in certain universal life and variable universal life policies, agreeing to pay $45 million to approximately 88,000 policyholders [1][2]. Summary by Sections Settlement Agreement - The proposed nationwide Settlement Agreement is subject to preliminary and final court approval, with KCL agreeing to pay $45 million to settle claims from around 88,000 policyholders [2]. - The settlement aims to resolve all current and potential claims regarding the cost of insurance rates for various universal life and variable universal life policies issued and administered by KCL since January 1, 2002 [3]. Ongoing Litigation - The settlement will also address claims from ongoing cases, including van Zanten and Vittetoe v. KCL, Sheldon v. KCL, and others, as well as claims from any policyholder with a Class Policy not involved in existing litigation [4]. Court Proceedings - Settlement proceedings for the Sheldon litigation will occur in the 16th Circuit Court, Jackson County Missouri, while other claims will be handled in the United States District Court for the Western District of Missouri [5]. Company Position - KCL does not admit any liability or wrongdoing in entering the Settlement Agreement and will continue to defend against any actions if the settlement is not approved [6]. - The CEO of KCL stated that the settlement is intended to eliminate future uncertainty and legal expenses, benefiting policyholders, the company, and shareholders [7].

Core Insights - Meta is facing significant backlash due to mass bans affecting Facebook Groups, with thousands of groups impacted both in the U.S. and internationally [1][8] - The cause of these mass suspensions is suspected to be related to faulty AI-based moderation, although Meta has not confirmed this [2][9] - Users are organizing to share information and strategies regarding the bans, with many advising against appealing the suspensions immediately [5][10] Impact on Facebook Groups - Many suspended groups focus on benign topics such as savings tips, parenting support, and hobbies, which typically do not raise moderation concerns [3][4] - Group admins have reported receiving vague violation notices for content that does not exist in their groups, such as "terrorism-related" content or nudity [4][6] - Some large groups, with memberships in the tens of thousands to millions, have been affected, raising concerns about the effectiveness of moderation practices [4][8] User Reactions and Community Response - The Reddit community dedicated to Facebook is filled with complaints from group admins and users expressing frustration over the mass suspensions [6][10] - A petition has been initiated, gathering over 12,380 signatures, urging Meta to address the ongoing issues [10] - Some users are considering legal action due to the impact on their businesses and community engagement [10] Broader Industry Context - Other social networks, including Pinterest and Tumblr, have also experienced complaints about mass suspensions, suggesting a wider issue with AI moderation across platforms [9] - Pinterest acknowledged an internal error as the cause of its mass bans, while Tumblr linked its issues to testing a new content filtering system [9]

Company Overview - Coinbase Global operates the largest cryptocurrency platform in the United States, supporting over 200 digital assets and handling the most trading volume among US-based exchanges [1] - The company benefits from higher transaction volumes as public adoption of cryptocurrency increases [1] Stablecoin Business - Coinbase's stablecoin revenue from USDC reached approximately $300 million in Q1, accounting for about 15% of total revenue [2] - The GENIUS Act aims to regulate the stablecoin market in the US, which could enhance market credibility and drive institutional demand [2] - Stablecoins facilitate faster and cheaper money transfers and allow holders to earn rewards through staking [3] Market Valuation - Coinbase partners with Circle Internet Group, sharing revenue from USDC, which is a significant part of its business [4] - Despite USDC revenue representing only 14% of Coinbase's business, Circle's market cap is around $50 billion, while Coinbase's is approximately $87 billion, indicating a potential undervaluation of Coinbase's core exchange business [5] Technical Analysis - COIN shares are on the verge of breaking out from a year-long base structure, with potential to reach $500 by 2026 if the breakout is successful [6][8] - Increased trading volume suggests strong interest from institutional investors [8] Financial Health - Coinbase maintains a strong balance sheet with a cash reserve nearing $10 billion, indicating financial stability [10] Conclusion - Coinbase is well-positioned to benefit from the growing crypto economy and the expanding stablecoin market, which is often overlooked [11]

Core Points - Aflac Incorporated experienced a data breach, with unauthorized access to its network identified on June 12, 2025 [2] - The breach potentially impacts sensitive personal data of millions, including claims information, health information, and Social Security Numbers [2] - Barrack, Rodos & Bacine is investigating the breach and may pursue legal action on behalf of affected individuals [1][3] Company Summary - Aflac acknowledged that files containing sensitive information related to customers, beneficiaries, employees, and agents were accessed by an unknown party [2] - The company holds sensitive personal data, including names, addresses, contact information, Social Security Numbers, and health information of millions of policyholders [2] - The ongoing investigation may lead to legal responsibilities for Aflac if it is found that the company failed to adequately protect this information [3] Legal Implications - Individuals affected by the breach may be entitled to compensation due to the risks associated with identity theft and financial fraud [3] - Barrack, Rodos & Bacine has a long history of prosecuting class actions related to consumer rights and corporate misconduct, indicating a strong potential for legal action [5]

Market Overview - Wall Street is optimistic about reduced tensions in the Middle East, particularly following a cease-fire agreement between Israel and Iran announced by President Trump, which is expected to foster peace [1] - The Nasdaq index increased by 1.5% on Tuesday morning, continuing a strong performance from Monday, while oil prices have been declining [1] - Investors are focusing on avoiding major conflicts, which allows them to concentrate on cooling inflation, trade agreements, and the potential for robust second-quarter earnings [1][2] Investment Strategy - The market is approaching all-time highs as it enters July and the Q2 earnings season, with bullish sentiment prevailing despite potential short-term volatility [2] - Investors are encouraged to utilize a Zacks screen to identify top-performing Zacks Rank 1 (Strong Buy) stocks to enhance their portfolios [2][3] Zacks Rank 1 Stocks - Zacks Rank 1 stocks have historically outperformed the market, averaging an annual return of approximately 24.4% since 1988 [5] - There are over 200 stocks that hold a Zacks Rank 1 at any time, necessitating the use of filters to narrow down the list to more manageable options [3] Jabil Inc. (JBL) Highlights - Jabil Inc. is identified as a strong long-term buy, particularly due to its recent strong Q3 FY25 earnings report, which exceeded estimates by 10% and led to an upward revision of guidance [9][10] - The company plans to invest around $500 million to enhance its manufacturing capabilities in the Southeast, supporting cloud and AI data center infrastructure [9] - Jabil's Intelligent Infrastructure segment is a key growth driver, benefiting from increasing demand driven by AI [9][10] Financial Performance - Jabil is projected to grow adjusted earnings by 10% in FY25 and 19% in FY26, with revenue expected to increase by 1% in FY25 and 6% in FY26 [10] - The stock has appreciated 860% over the past decade, significantly outperforming the tech sector, and has seen an 85% increase in the last 12 months compared to the tech sector's 8% [11] - Despite its strong performance, Jabil trades at a 15% discount to the tech sector, with a forward P/E ratio of 22.4X [11]

Core Viewpoint - Compass Group Diversified Holdings, LLC is facing legal action due to irregularities identified in its subsidiary Lugano Holdings, Inc.'s accounting and inventory practices, leading to a significant drop in its stock price [2][3]. Group 1: Company Overview - Compass Group Diversified Holdings, LLC is an investment holding company with a subsidiary, Lugano Holdings, Inc., which operates in the jewelry sector [1]. - The company announced an investigation into Lugano, which revealed preliminary irregularities in accounting and inventory practices [2]. Group 2: Financial Impact - Following the announcement of the investigation and the resignation of Lugano's CEO, Compass's share price plummeted by 62%, from $17.25 to $6.55 per share [3]. - The Audit Committee of Compass concluded that the previously issued financial statements for 2024 should no longer be relied upon, indicating potential financial mismanagement [2]. Group 3: Legal Proceedings - Investors who purchased Compass stock between May 1, 2024, and May 7, 2025, have until July 8, 2025, to seek appointment as lead plaintiff in a class action lawsuit against the company [1][5]. - The complaint alleges that Compass failed to maintain adequate internal controls over its financial statements, rendering them unreliable and misleading [3]. Group 4: Law Firm Background - Barrack, Rodos & Bacine, the law firm handling the case, has extensive experience in prosecuting securities law class actions, including significant recoveries in past cases [6].

SAN DIEGO, June 24, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Apple Inc. (NASDAQ: AAPL) securities between June 10, 2024 and June 9, 2025, both dates inclusive (the "Class Period"), have until August 19, 2025 to seek appointment as lead plaintiff of the Apple class action lawsuit.  Captioned Tucker v. Apple Inc., No. 25-cv-05197 (N.D. Cal.), the Apple class action lawsuit charges Apple as well as certain of Apple's top current and former executives with ...