NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global food service market size is estimated to grow by USD 1.07 trillion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.66% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered Service (Conventional, Centralized, Ready-prepared, and Assembly-serve), Sector (Commercial and Non-commercial), and Geography (APAC, North America, Europe, South America, and Middle East and Africa) Key Companies Covered Abela and Co. LLC, Aramark, Chick fil A Inc., Compass Group Plc, Dominos Pizza Inc., FOOD and LIFE Co. Ltd., Inspire Brands Inc., Jack in the Box Inc., Jollibee Foods Corp., Little Caesar Enterprises Inc., McDonald Corp., MOS Food Services Inc., Papa Johns International Inc., Performance Food Group Co., Restaurant Brands International Inc., Sodexo SA, Starbucks Corp., Sysco Corp., The Wendys Co., and YUM Brands Inc, Regions Covered APAC, North America, Europe, South America, and Middle East and Africa Region Outlook 1. APAC - APAC is estimated to contribute 50%. To the growth of the global market. The Food Service Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The APAC region emerged as the largest geographical segment of the global food service market in 2023, accounting for a significant market share. This trend is projected to continue, with APAC expected to grow faster than the overall market during the forecast period 2024-2028. The region's dominance can be attributed to the rising employment and income levels, leading to changing consumer lifestyles. The increasing number of time-pressed consumers and the convenience factor are driving the demand for quick and easy food options. Additionally, urbanization is fueling the dependency on fast food as consumers find less time for cooking. For more insights on APAC's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The conventional food service system is a time-tested approach used by many vendors in the food industry. In this system, ingredients are prepared and served on the same premises, ensuring customers freshly made meals tailored to their preferences. Depending on the food type, it is kept heated or chilled until served. This system is widely used in schools, universities, restaurants, and cafeterias, where consumers value freshly prepared food and flexible menu options. Skilled labor is employed to produce the food, and the conventional system's high-quality offerings continue to attract customers. The preference for freshly prepared meals in dining establishments is expected to fuel the growth of the conventional segment in the global food service market during the forecast period. Research Analysis The Food Service Market encompasses a wide range of establishments and services, including child care centers, restaurants, hotels, cafés, and more. Third-party providers play a crucial role in the industry, offering services such as storage, preparation, and serving to help businesses streamline their operations. Facilities must adhere to strict health and safety regulations for food handling and preparation. Distribution is another essential component, with both traditional and online options available. Restaurant operators and hotel chains partner with food delivery services like Deliveroo and strategic partnerships such as McDelivery to expand their reach. Service types vary, with full-service restaurants offering a more extensive menu and table service, while quick service restaurants focus on speed and convenience. Institutes and educational institutions also contribute significantly to the market. Market Overview The food service market encompasses a wide range of establishments and services, including third-party providers for storage, preparation, and serving in various facilities such as child care centers, restaurants, hotels, cafes, and more. Distribution plays a crucial role in ensuring the timely delivery of ingredients and finished meals. Urban areas with high population density and rising incomes have seen significant growth in the food service industry, driven by changing consumer lifestyles, digitization, and the increasing popularity of online delivery options. The market caters to various cuisines and dietary trends, such as veganism, which has led to the rise of vegan fast food and specialized food courts and malls. The industry is influenced by factors such as productivity, safety, technology, employment, health, hygiene, and e-commerce systems. Strategic partnerships between restaurant operators, hotel chains, independent business owners, and food delivery services like Deliveroo and McDelivery have become commonplace. The market is diverse, with offerings ranging from full-service restaurants to quick service establishments, and includes institutes, retailers, providers, and franchising opportunities. The hospitality sector, including the HRI sector and tourist spending, also plays a significant role in the food service market's financial growth. The quality of food, punctuality of delivery, and plastic packaging are key concerns for consumers, while the rising trend of out-of-home food consumption and the influence of foreign investment and border closures continue to shape the industry landscape. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 11.1 McDonald's 11.2 Starbucks 11.3 Restaurant Brands International Inc 11.4 Costa Limited 11.5 Tim Hortons 11.6 Dominos 11.7 KFC Corporation 11.8 Supermac's 11.9 Jollibee 11.10 Baskin Robbins 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/food-service-market-50-growth-to-stem-from-apac-report-highlights-ai-powered-market-evolution---technavio-302328800.html SOURCE TechnavioAt last, Wilson’s reputation gets dismantling it deservesFBI Director Christopher Wray announced he will resign in advance of President-elect Donald Trump’s inauguration — meaning he will depart from the bureau about three years before his term ends. Wray’s decision, which was revealed on Dec. 11, came shortly after Trump nominated Kash Patel — a strong supporter of his — to lead the FBI. “In my view, this is the best way to avoid dragging the bureau deeper into the fray, while reinforcing the values and principles that are so important to how we do our work,” Wray, who was nominated by Trump in 2017, told his colleagues, according to The Associated Press. Trump celebrated the move, writing in a post on Truth Social that Wray’s resignation “is a great day for America as it will end the Weaponization of what has become known as the United States Department of Injustice.” Amid these developments, here is what to know about FBI directors and their tenureships. Who appoints the FBI director? During the early years of the FBI, the attorney general was charged with choosing the bureau’s director, who was not constrained by term limits . However, in 1968, Congress passed a law establishing that the president would appoint the director, who would require Senate confirmation. “By that point the FBI was considered important enough to warrant an executive appointment,” Douglas Charles, a history professor at Pennsylvania State University Greater Allegheny, who researches the FBI, told McClatchy News. “Before then, attorneys general hired and fired them.” How long is the FBI director’s term? In 1976, Congress passed a law permitting the FBI director to serve one 10-year term. The law “stemmed directly from the fact that J. Edgar Hoover was entrenched as director for 48 years,” Charles said. Hoover led the intelligence agency from 1924 to 1972 , during which time he amassed significant powers, he said. As a result, the law sought to prohibit anyone else from following in his footsteps. Hoover wasn’t the only impetus for the term limit, though. “This law came, as well, in the wake of Watergate where President Nixon tried to have his own man, his own lackey, L. Patrick Gray, become FBI director,” Charles said. So, the law “sought to isolate the FBI from White House political influence.” Do most directors stay on for 10 years? There have been 12 directors — including acting directors — since the 10-year term limit was established, and nearly all of them left office before their term ended, according to FBI records. For example, Clarence Kelley , who was nominated by Nixon, led the agency for about five years between 1973 and 1978. Similarly, Louis Freeh , who was nominated by President Bill Clinton, helmed the agency for about eight years between 1993 and 2001. The only director to stay on for a full term was Robert Mueller , who was in office for 12 years. President George W. Bush nominated Mueller to head the FBI in 2001, and in 2011, before his term ended, President Barack Obama asked Congress to pass legislation extending his term for two more years — which it did. “The United States faces ongoing threats from terrorists intent on attacking us both at home and abroad, and it is crucial that the FBI have sustained, strong leadership to confront that threat,” Attorney General Eric Holder said at the time. “There is no better person for that job than Bob Mueller.” More politics news → How does Senate confirmation process work? What to know as Trump makes Cabinet picks → Trump to return to White House after 4 years. Only one past president has done that → How did LGBT Americans vote in election? Exit poll finds significant shift from 2020 Have any FBI directors been fired? “Only two FBI directors were outright fired,” Charles said. The first was William Sessions, whom Clinton dismissed in 1993 after learning the director had been accused of misusing FBI resources. Specifically, he had been accused of using a government airplane for personal reasons, installing a fence around his house using government funds and failing to pay taxes on an FBI limousine, according to ABC News. Twenty-four years later, in 2017, Trump fired FBI Director James Comey amid a bureau investigation into whether Trump’s campaign had colluded with the Russian government. At the time, Trump said Comey’s ouster was required to bring back “public trust and confidence” in the FBI, according to The Associated Press. “There have been other FBI directors who resigned in the past after improprieties or scandals surfaced,” Charles said. “I call these Washington, D.C., ‘firings’ where they were quietly asked to resign or just stepped aside.” One of these was L. Patrick Gray, who became acting director following the death of Hoover in 1972. He resigned in 1973 after it was disclosed that he had destroyed incriminating White House documents related to the Watergate scandal , according to The Guardian. Gray’s successor, Kelley, also left office early following a scandal. Following the election in 1976, it was revealed that FBI carpenters did construction on his home, costing a total of $355, Charles said. “In the wake of Hoover and Watergate this was seen as a scandal,” he said. “By our standards today it is small potatoes.” President Jimmy Carter, who was inaugurated in 1977, ended up making a deal with Kelley, in which he would step down after one year, Charles said. Who do Americans trust for health information? Poll finds gap between FDA and RFK Jr. Most Americans approve of Trump transition phase, poll finds. What about past presidents? Can Donald Trump actually end birthright citizenship? Legal experts weigh in

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MADRID (AP) — Barcelona got back to winning in the Spanish league in style, routing Mallorca 5-1 on Tuesday with a pair of goals by Raphinha. Ferran Torres, Frenkie de Jong and Pau Víctor also scored for Barcelona, which hadn't won in three consecutive league games to allow Real Madrid to inch closer at the top of the standings. Madrid is now four points back although it has two games in hand. Torres, who got to start in place of league-leading scorer Robert Lewandowski, opened the scoring in the 12th minute after Mallorca defenders failed to clear an easy ball from inside the area. One defender tried to kick it away but it ended ricocheting off a teammate to give Ferran an easy shot on goal. The hosts equalized with Vedat Muriqi in a breakaway just before halftime in what was Mallorca's only shot on target, but Raphinha put Barcelona back in front by converting a 56th-minute penalty kick. He added to the lead in the 74th after a nice assist by Lamine Yamal. Raphinha now has 11 goals in 16 league games this season. “This is probably my best moment, but I want to do more,” Raphinha said. “We knew it was important to win again after three matches in which something was lacking. It wasn't our best match, but it was important to win.” Yamal also helped set up De Jong's goal five minutes later, not long after the midfielder had come off the bench. It was De Jong who then assisted Víctor's goal in the 84th. Barcelona has scored five or more goals in a match for the sixth time this season across all competitions. It has outscored opponents 48-17 in the league alone. Barcelona had lost twice in its last three league matches — 2-1 to Las Palmas at home on Saturday and 1-0 at Real Sociedad three rounds ago. Its other setback was a 2-2 draw at Celta Vigo when it was winning 2-0 until late in the match. The game against Mallorca was moved forward in the schedule because both clubs will be playing in the Spanish Super Cup in January. Real Madrid and Athletic Bilbao, the other two clubs in the Super Cup, will meet on Wednesday in Bilbao. Barcelona, which beat Brest in the Champions League last week, will visit Real Betis in its next league match on Saturday. Mallorca, sitting in sixth place in the Spanish league, faces Celta on Friday. Mallorca was coming off two straight league victories — against Valencia and at Las Palmas. AP soccer: https://apnews.com/hub/soccer

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In a strategic move poised to transform Sri Lanka’s home appliance market, Walton Hi-Tech Industries, a leading global innovator in consumer electronics, has joined forces with Monik Trading Ltd., to bring innovative home appliances to Sri Lanka. The announcement was made during an event attended by prominent representatives from both companies and distinguished guests. Special attendees included Commercial Micro Credit Ltd., Assistant General Manager Samitha Priyadarshana, Monik Trading Ltd., Managing Director Wasala Maduwantha Ariyapala, Assistant General Manager Kasun Mahanama, Walton Additional Managing Director and CFO Ziaul Alam, Vice President of the Global Business Division Abdur Rouf.Deputy Company Secretary Enamul Haq, Monik CFO M. N. H. Nashwaq and High Commissioner of Bangladesh to Sri Lanka Andalib Elias. Kasun Mahanama expressed confidence that this partnership will bring significant benefits to both companies and contribute to Sri Lanka’s economic growth. He emphasised that the collaboration will introduce advanced technology and a wide range of electronic appliances to the Sri Lankan market, improving accessibility for local consumers. “We are excited about the opportunity to offer cutting-edge solutions to enhance the lives of Sri Lankans,” he added. This MoU paves the way for a new era of accessibility and innovation in Sri Lanka’s home appliance market. The partnership aims to make Walton’s high-tech products — ranging from refrigerators and air conditioners to televisions and kitchen appliances — widely available across the island. Known for their exceptional quality and advanced technology, Walton’s appliances promise to cater to the ever-growing demand for energy-efficient, affordable, and stylish home solutions. The Chief Guest, High Commissioner of Bangladesh to Sri Lanka Andalib Elias, said: “This partnership is undeniably a win-win, promising to reshape the future of home appliances in Sri Lanka while strengthening the ties between two visionary nations.” He further emphasised, “Walton is the love of Bangladesh, and its brand is a symbol of national pride. When Bangladeshis speak of Walton, their faces light up with admiration. Whether it’s a rice cooker or any other appliance, I believe the sky’s the limit for us. I arrived in Sri Lanka just three months ago, and I am confident that by the time I leave, we will be celebrating the success of this partnership. Our nations share a long history of friendship, and we strongly believe in the potential of this collaboration.” Attendees had the opportunity to witness Walton’s impressive line-up, showcasing why the brand has become a global powerhouse in electronics. From refrigerators designed with intelligent inverter technology to sleek, energy-efficient air conditioners, Walton’s products combine practicality, sustainability, and sophistication. Here’s a glimpse of the standout innovations presented at the event: Through its partnership with Walton, Monik Trading is poised to elevate its impact in the local market by offering innovative home appliances that cater to the evolving demands of modern households. Walton, a leader in consumer electronics, brings cutting-edge technology and reliable quality, and this collaboration aligns perfectly with Monik’s commitment to providing the best products to Sri Lankan families This strategic partnership not only strengthens Monik Trading’s brand reputation but also positions it as a key player in shaping the future of home appliance retail in Sri Lanka. By combining Walton’s world-class product offerings with Monik’s local market expertise, the partnership is set to meet the growing demand for advanced, high-quality appliances while enhancing customer satisfaction.

TOMS RIVER, N.J. — A U.S. senator has called for mysterious drones spotted flying at night over sensitive areas in New Jersey and other parts of the Mid-Atlantic region to be “shot down, if necessary,” even as it remains unclear who owns the unmanned aircraft. “We should be doing some very urgent intelligence analysis and take them out of the skies, especially if they’re flying over airports or military bases,” Sen. Richard Blumenthal of Connecticut said Thursday, as concerns about the drones spread across Capitol Hill. People in the New York region are also concerned that the drones may be sharing airspace with commercial airlines, he said, demanding more transparency from the Biden administration. The White House said Thursday that a review of the reported sightings shows that many of them are actually manned aircraft being flown lawfully. White House National Security spokesman John Kirby said there were no reported sightings in any restricted airspace. He said the U.S. Coast Guard has not uncovered any foreign involvement from coastal vessels. “We have no evidence at this time that the reported drone sightings pose a national security or a public safety threat, or have a foreign nexus,” Kirby said, echoing statements from the Pentagon and New Jersey Gov. Phil Murphy. Pentagon spokesperson Sabrina Singh has said they are not U.S. military drones. In a joint statement issued Thursday afternoon, the FBI and the Department of Homeland Security said they and their federal partners, in close coordination with the New Jersey State Police, “continue to deploy personnel and technology to investigate this situation and confirm whether the reported drone flights are actually drones or are instead manned aircraft or otherwise inaccurate sightings.” The agencies said they have not corroborated any of the reported sightings with electronic detection, and that reviews of available images appear to show many of the reported drones are actually manned aircraft. “There are no reported or confirmed drone sightings in any restricted air space,” according to the statement. The drones appear to avoid detection by traditional methods such as helicopter and radio, according to a state lawmaker briefed Wednesday by the Department of Homeland Security. The number of sightings has increased in recent days, though officials say many of the objects seen may have been planes rather than drones. It’s also possible that a single drone has been reported more than once. The worry stems partly from the flying objects initially being spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility, and over President-elect Donald Trump’s golf course in Bedminster. In a post on the social media platform X, Assemblywoman Dawn Fantasia described the drones as up to 6 feet in diameter and sometimes traveling with their lights switched off. Drones are legal in New Jersey for recreational and commercial use but are subject to local and Federal Aviation Administration regulations and flight restrictions. Operators must be FAA certified. Most, but not all, of the drones spotted in New Jersey appeared to be larger than those typically used by hobbyists. Sen. Cory Booker of New Jersey said he was frustrated by the lack of transparency, saying it could help spread fear and misinformation. “We should know what’s going on over our skies,” he said Thursday. John Duesler, president of the Pennsylvania Drone Association, said witnesses may be confused about what they are seeing, especially in the dark, and noted it’s hard to know the size of the drones or how close they might be. “There are certainly big drones, such as agricultural drones, but typically they are not the type you see flying around in urban or suburban spaces,” Duesler said Thursday. Duesler said the drones — and those flying them — likely cannot evade detection. “They will leave a radio frequency footprint, they all leave a signature,” he said. “We will find out what kind of drones they were, who was flying them and where they were flying them.” Fantasia, a Morris County Republican, was among several lawmakers who met with state police and Homeland Security officials to discuss the sightings from the New York City area across New Jersey and westward into parts of Pennsylvania, including over Philadelphia. It is unknown at this time whether the sightings are related. Duesler said the public wants to know what’s going on. “I hope (the government agencies) will come out with more information about this to ease our fears. But this could just be the acts of rogue drone operators, it’s not an ‘invasion’ as some reports have called it,” Duesler said. “I am concerned about this it but not alarmed by it.”Megastar Rajinikanth celebrated his 74th birthday on December 12 with fans and celebrities flocking to social media to extend their heartfelt wishes. The King of Bollywood, Shah Rukh Khan also wished the superstar by calling him an inspiration. Taking to Instagram, SRK shared a throwback picture with Rajinikanth in which they were seen sitting on foamed chairs and enjoying a show. In the photo, Rajinikanth donned a white kurta while the 'Main Hoon Na' actor wore a red shirt and paired it with a black blazer."To the coolest of the cool. The bossest of all the bosses. The man, the legend and an absolutely remarkably simple man, despite being the Superest of Stars!! Sir, thank u for inspiring us. Be healthy and know u are respected and loved too much. Have a great birthday @rajinikanth sir." Along with SRK, several other superstars extended their heartfelt wishes for the Jailer actor. Veteran actor Mammootty wished Rajinikanth with a post on X (formerly Twitter), saying, "Happy Birthday Dear @rajinikanth, May you continue to inspire millions as you always do in the years to come. He also shared a throwback picture with Rajinikanth. Mohanlal also extended his heartfelt birthday wishes and wrote, "Happy Birthday, dear Rajinikanth Sir! Your journey, both on and off the screen, continues to inspire us all. May you be blessed with good health, happiness, and endless moments of joy. Much love and respect. @rajinikanth"Rajinikanth remains one of the most revered and influential figures in Indian cinema. With a career spanning over four decades, he has starred in numerous films across languages including Tamil, Telugu, Kannada, Hindi, and English. His distinctive style, larger-than-life characters, and unparalleled screen presence have endeared him to millions worldwide and solidified his status as a cultural icon. In a fitting tribute to the actor on his birthday, a statue of Rajinikanth was unveiled at the "Arulmigu Sri Rajini Temple" in Thirumangalam, Madurai, on December 11, ahead of his birthday. The statue features Rajinikanth in his iconic role from the 1989 film Mappillai, fondly remembered by fans for portraying the actor's larger-than-life persona. The statue honours Rajinikanth's immense contributions to Indian cinema and reflects his popularity among audiences. Rajinikanth's influence extends beyond his on-screen roles. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Bollywood, Entertainment News and around the world.

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Lender Learn More APR Loan Amount Term Min. Credit Score Why trust U.S. News Your trust is important to us. To earn it, we conduct a rigorous, unbiased analysis with a transparent methodology, and our raters maintain strict editorial standards and independence. APRs for auto loan refinancing ranged from 1.25% to 29.99% in March 2022. The better your credit score, the lower the rate you may get. From start to finish, the auto loan refinance process may take a few days, Owens says. Here are the basic steps: 1. Review your current loan. Check your loan documents to figure out the interest you pay each month and the total cost of the loan if you finish the entire term. You'll use these figures later to determine whether refinancing makes sense. 2. Check your credit. This can help you figure out whether you'll be eligible for an auto loan refinance. If your credit has improved since you took out the original loan, you may qualify for a lower interest rate to help you save money. Strong credit can also help you leverage one lender's offer against another to get a better deal. Each of the three major credit bureaus allows you to check your credit report weekly for free through the end of 2022. Free credit scores may be available from your credit card issuer or bank, or you can try free credit score apps . 3. Gather your documents. You will need to share personal, vehicle and loan information with your lender to refinance. Personal information might include your government-issued photo ID, employer's contact information, proof of income and Social Security number. The lender will also ask for your vehicle identification number, registration and mileage, plus your loan payoff amount and term. 4. Prequalify with several lenders. A prequalification uses a soft credit pull, which helps you shop for offers without hurting your credit. You might be able to get prequalified with your current lender along with a mix of online lenders, credit unions, and local and national banks. Once you have a few offers in hand, compare the annual percentage rates, loan terms, monthly payments, fees, prepayment penalties and total interest you'll pay over the life of each loan. "Compare what you're paying today by what you could potentially pay by refinancing," Owens says. 5. Check your budget. Go through your monthly expenses and make sure you can comfortably manage the new car payment. Loans with longer repayment terms generally come with lower monthly payments and higher interest rates, which means you'll pay more interest overall. A shorter term comes with higher monthly payments and less interest over the life of the loan. If you're not sure you can afford higher payments, consider taking out a loan with a longer term and paying more toward the principal when you can. 6. Apply for the loan. The lender will likely run a hard credit pull , which can temporarily lower your credit score. Also, the lender will verify your income and employment status and may separately appraise your car. Always read the contract before you sign for a loan, and ask questions if something is unclear. 7. Start payments on the new loan. You can begin to pay the new lender when the old loan is paid off. The new lender should pay off the loan balance from the previous lender once your loan is approved and you sign the paperwork. Contact the previous lender to make sure this happens correctly, and ask for a payoff document. You may want to refinance your auto loan when it helps you financially, including when: Your original loan doesn't have a prepayment penalty. This means you could pay off the loan early without being charged a fee. Check your contract to verify whether the loan comes with a prepayment penalty . If you can't find the contract, call the lender's customer service department. You'll save on interest. When you refinance an auto loan with a lower interest rate, you can save on the monthly payment and the total interest. For instance, dropping the interest rate from 14% to 7% on a $15,000 car loan can save you $52 a month and $3,120 over five years. Your savings partly depends on how much interest you've already paid toward the original loan. You want to remove a co-signer or co-borrower. If you signed for the original auto loan with someone else, you can remove that person from the loan by refinancing into a new one. You want to lower your monthly payment. You can also refinance an auto loan to a longer term, which lowers your monthly payments. This can make room in your budget, although you may pay more interest over the life of the loan. But auto loan refinances aren't right for everyone, says Paris Chevalier, president and CEO of South Bay Credit Union. She cautions against refinancing if you owe more than your car is worth or your original loan has high prepayment penalties. The best auto loan refinance lender is one that offers low interest rates, charges few or no fees, and accepts the type of vehicle you have. Note that lenders may place age, mileage or make constraints on refinancing. Here are some factors to evaluate as you compare auto loan refinancing lenders: Type of institution. Every lender sets its own terms and interest rates on auto loan refinances, so it's a good idea to shop with a mix of banks, credit unions and online lenders. Credit unions own most of today's auto refinance market, according to the credit bureau TransUnion. These financial institutions generally charge lower rates than banks do on loan products. Credit score requirement. The average credit score of auto refinance borrowers was 670 in 2021, according to the RateGenius report. Because every lender sets its own credit score requirement, you can make sure that you will likely qualify. If your credit hasn't improved much since you took out the original loan, you may have trouble finding a lender willing to refinance to a lower rate. However, some lenders work with borrowers who have lower credit scores. Restrictions. Check that you meet all requirements to refinance with the lender. You may only be able to refinance your auto loan with a different lender, for instance. Lenders may also have minimum and maximum loan amounts, offer rates based on a car's model year and mileage, and restrict loans to personal-use cars. Fees. Even if lenders offer attractive interest rates, they may add fees and penalties that increase the cost of borrowing. When comparing offers, look for origination fees and prepayment penalties, and ask whether the lender can raise the interest rate during the loan term. Discounts. "If you have a relationship with a bank or credit union, start there," Owens says, "because they may offer discounts for being a client." But check other financial institutions, too, because they may offer incentives when you enroll in autopay or open a checking account. Reputation. Make sure you're working with a trustworthy lender. Ask friends and family members which lenders they've used, or look up a company using the Better Business Bureau and the Consumer Financial Protection Bureau's Consumer Complaint Database . Your car loan payment may have seemed manageable when you took it on, but if it "no longer works due to changes in your financial situation, there are options available that don't require taking out a new loan," Chevalier says. Contact your loan servicer and ask about loan modifications. Your servicer may be willing to lower your interest rate or extend the loan term to reduce your monthly payment, Chevalier says. Lenders usually want to help you afford payments because "repossessions are costly and time-consuming," she adds. Your lender may also let you defer payments for a few months until you're on solid financial ground. Make sure you get any loan modification or payment deferral agreements in writing, and ask the lender how your account will be reported to the credit bureaus. Another option is trading in your car for a less expensive one if you don't owe more than what your car is worth. "The difference between the trade-in value and what is owed on your current loan will lower the new loan amount," Chevalier says. Auto loan refinance rates typically range from about 3% to 10%. The average rate is 6.8%, the highest recorded in eight years, according to a 2022 report from RateGenius, a refinancing platform. However, most borrowers in the report said they saved at least $50 a month by refinancing. Generally, a good interest rate is lower than what you're paying now, says Tim Owens, Bank of America's consumer vehicle lending executive. The rate you receive depends on your lender, loan term and credit score, with lower rates largely going to customers with good credit scores and shorter terms. Refinancing an auto loan can affect your credit in a few ways. The first change may happen after you apply for the new loan because this creates a hard credit pull. The hard inquiry may stay on your credit report for up to two years and may temporarily lower your credit score by a few points. If you submit multiple loan applications within a short time frame, generally between 14 and 45 days, depending on the credit score model, they will typically only count as one inquiry. This lessens the impact on your credit. Refinancing can also lower the average age of your credit accounts because you close the old loan and start a new one. Shortening your average credit history may hurt your credit score. However, the potential hit to your credit score is "a small price to pay if the new loan saves you money or helps you avoid car payments you can no longer afford," Chevalier says. The effect may be temporary. Over time, your credit can rebound if you make on-time payments on all of your accounts each month. To answer this question, you will need to figure out what you qualify for and how much you would pay in interest on both the original loan and the new loan. You'll also need to look over both contracts to check whether you lose services and pay fees on the new loan. Benefits: Drawbacks:Jennison Associates LLC increased its holdings in Vanguard Growth ETF ( NYSEARCA:VUG – Free Report ) by 219.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,590 shares of the company’s stock after purchasing an additional 1,779 shares during the period. Jennison Associates LLC’s holdings in Vanguard Growth ETF were worth $994,000 at the end of the most recent quarter. A number of other hedge funds also recently bought and sold shares of the business. Axiom Advisory LLC boosted its holdings in shares of Vanguard Growth ETF by 9.3% in the 3rd quarter. Axiom Advisory LLC now owns 7,251,690 shares of the company’s stock worth $2,696,912,000 after purchasing an additional 614,652 shares during the period. Strategic Financial Concepts LLC boosted its stake in Vanguard Growth ETF by 40,514.9% during the second quarter. Strategic Financial Concepts LLC now owns 5,542,306 shares of the company’s stock worth $2,072,878,000 after buying an additional 5,528,660 shares during the period. LPL Financial LLC increased its position in Vanguard Growth ETF by 4.5% during the second quarter. LPL Financial LLC now owns 4,940,097 shares of the company’s stock valued at $1,847,646,000 after acquiring an additional 211,575 shares during the last quarter. TIAA Trust National Association raised its stake in shares of Vanguard Growth ETF by 1.2% in the second quarter. TIAA Trust National Association now owns 3,580,217 shares of the company’s stock valued at $1,339,041,000 after acquiring an additional 40,907 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Vanguard Growth ETF by 2.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,982,222 shares of the company’s stock worth $1,115,381,000 after acquiring an additional 70,828 shares during the last quarter. Vanguard Growth ETF Trading Up 0.0 % Shares of NYSEARCA:VUG opened at $404.03 on Friday. The company has a market capitalization of $139.18 billion, a price-to-earnings ratio of 39.58 and a beta of 1.26. Vanguard Growth ETF has a 12 month low of $294.34 and a 12 month high of $410.94. The firm’s 50-day moving average is $390.59 and its 200 day moving average is $374.78. About Vanguard Growth ETF Vanguard Growth Index Fund, formerly Vanguard Growth ETF, is an exchange-traded share class of Vanguard Growth Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the MSCI US Prime Market Growth Index (the Index). The Index is a diversified index of growth stocks of large United States companies. Further Reading Receive News & Ratings for Vanguard Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter .Arguments about past presidents shape the nation’s understanding of itself and hence its unfolding future. In recent years, biographies by nonacademics have rescued some presidents from progressive academia’s indifference or condescension: John Adams (rescued by David McCullough), Ulysses S. Grant (by Ron Chernow), Calvin Coolidge (by Amity Shlaes). The rehabilitation of those presidents’ reputations have been acts of justice, as is Christopher Cox’s destruction of Woodrow Wilson’s place in progressivism’s pantheon. In “Woodrow Wilson: The Light Withdrawn,” Cox, former congressman and former chair of the Securities and Exchange Commission, demonstrates that the 28th president was the nation’s nastiest. Without belaboring the point, Cox presents an Everest of evidence that Wilson’s progressivism smoothly melded with his authoritarianism and oceanic capacity for contempt. His books featured ostentatious initials: “Woodrow Wilson Ph.D., LL.D.” But he wrote no doctoral dissertation for his 18-month Ph.D. He dropped out of law school. His doctorate of law was honorary. But because of those initials, and because he vaulted in three years from Princeton University’s presidency to New Jersey’s governorship to the U.S. presidency, and because he authored books, he is remembered as a scholar in politics. Actually, he was an intellectual manque using academia as a springboard into politics. His books were thin gruel, often laced with scabrous racism. His first, “Congressional Government,” contained only 52 citations, but he got it counted as a doctoral dissertation. He wrote it while a graduate student at Johns Hopkins University, yet he only once visited the U.S. Capitol 37 miles away. “I have no patience for the tedious toil of ‘research,’” he said. “I hate the place,” he said of Bryn Mawr, a women’s college that provided his first faculty job. He thought teaching women was pointless. Cox ignores the well-plowed ground of Wilson’s domestic achievements — the progressive income tax, the Federal Reserve. Instead, Cox braids Wilson’s aggressive white-male supremacy and hostility toward women’s suffrage. His was a life defined by disdaining. For postgraduate education, Johns Hopkins recruited German-trained faculty steeped in that nation’s statism and belief in the racial superiority of Teutonic people. Wilson’s Johns Hopkins classmate and lifelong friend Thomas Dixon wrote the novel that became the silent movie “The Birth of a Nation.” Wilson made this celebration of the Ku Klux Klan the first movie shown in the White House. During the movie, the screen showed quotes from Wilson’s “History of the American People,” such as: “In the villages the negroes were the office holders, men who knew none of the uses of authority, except its insolences.” And: “At last there had sprung into existence a great Ku Klux Klan ... to protect the Southern country” and Southerners’ “Aryan birthright.” Wilson’s White House gala — guests in evening dress — gave “The Birth of a Nation” a presidential imprimatur. The movie, which became a national sensation, normalized the Klan and helped to revive lynching. Though the term “fascism” is more frequently bandied than defined, it fits Wilson’s amalgam of racism (he meticulously resegregated the federal workforce), statism, and wartime censorship and prosecutions. Dissent was “disloyalty” deserving “a firm hand of stern repression.” Benito Mussolini: “All within the state, nothing outside the state, nothing against the state.” Wilson: “I am perfectly sure that the state has got to control everything that everybody needs and uses.” Wilson created the Committee on Public Information to “mobilize the mind of America.” The committee soon had more than 150,000 employees disseminating propaganda, monitoring publications and providing them with government-written content. The committee was echoed in the Biden administration’s pressuring of social media to suppress what it considered dis- or misinformation. Cox provides a stunning chronicle of Wilson’s complacent, even gleeful, acceptance of police and mob brutality, often in front of the White House, against suffragists. And of the torture — no milder word will suffice — of the women incarcerated in stomach-turning squalor, at the mercy of sadists. “Appropriate,” Wilson said. An appropriate judgment from the man who dismissed as empty verbiage the first two paragraphs of the Declaration of Independence. Historian C. Vann Woodward, author of “The Strange Career of Jim Crow,” said white-male supremacy was the crux of Southern progressivism. Wilson’s political career demonstrated that it was not discordant with national progressivism’s belief that a superior few should control the benighted many. John Greenleaf Whittier, disillusioned by Daniel Webster’s support of the 1850 Fugitive Slave Act, wrote of Webster: “So fallen! so lost! the light withdrawn / Which once he wore!” True, too, of Wilson. Will writes for The Washington Post. Get local news delivered to your inbox!