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Monday, December 2, 2024
Today's Leasing News Headlines New Hires/Promotions in the Leasing Business News Briefs--- ######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer. [headlines] New Hires/Promotions in the Leasing Business
[headlines] California 2025 Renewal Monday 11/11/24 – Preliminary Renewal Statements are available through E-Bill on FINRA. Other States Have Similar Time Tables:
Six States Reintroduce Commercial Disclosure Financing Bills
ELFA Interactive State Map to Track Financial Disclosure Regulation Activity A State-by-State Analysis of License Requirements for Lenders and Broker
[headlines] Leasing and Finance Industry Help Wanted [headlines] Hope You Had a Happy Thanksgiving Professionals in the finance and leasing industry have many to thank for our success. We stand upon the shoulders of others so that we may see opportunity and capture success. It is those who support us that allow true professionals to shine and prosper. Exceptional personal performance is a result of leadership, knowledge, perseverance, and humility. We become successful because of our personal efforts, our ability and willingness to learn, and our willingness to serve others.
We are truly blessed. Give thanks to those who have supported you by giving to those who need support. Provide your broad shoulders so that others may see the opportunity and capture their success. The greatest gift is the ability and willingness to "GIVE." -------- Please take part in our Annual Survey. For nine years, Wheeler Business Consulting has facilitated an annual survey of originators' production numbers and incomes. The survey results are shared on the website and through a monthly newsletter. Start the survey by CLICKING HERE Scott A. Wheeler, CLFP
[headlines] Certified Leasing and Finance Professional Foundation "We want to recognize the outstanding contributions of our CLFP committee members this past year. Representing companies and CLFPs nationwide, their efforts have driven important initiatives forward and strengthened our mission each day. Thank you, committee members, for your dedication and impact throughout the year - we couldn't do it without you all!" Source: Linkedin
[headlines] 2025 Commercial Finance/Leasing Finance Feb. 20 DeBanked, Miami, Florida February 23-25 ELFA Equipment Management Conference and Exhibition March 4-March 6 Funders Forum & Broker Expo, March 11-13 National Equipment Finance Association Spring Conference, April 9-April 11 AACFB Annual Conference, April 15-17 ELFA National Funding Conference October 14-16 National Equipment Finance Association Fall Conference October 26-28 ELFA 64th Annual Convention To be listed or update: kitmenkin@leasingnews.org [headlines] Ranked: The World's 30 Largest Exporters As protectionism continues to rise around the world, global trade flows are adapting. Despite facing a wave of tariffs, China’s goods exports show resilience. In 2023, China’s export volumes neared all-time highs as the price of its manufactured exports fell 10%, on average. Overall, the world’s largest exporter delivered $500 billion in goods to America last year but this could drastically change under the Trump administration.Last year, global exports of goods totaled $23.8 trillion, declining by 5% compared to 2022. Overall, the dollar value of exports dropped across 20 of the top 30 largest exporters in the world as the number of trade restrictions rose to almost 3,000 worldwide—approximately fivefold levels seen in 2015. In 2023, the U.S. achieved a $65 billion net energy surplus, strengthening its trade balance. A significant rise in domestic energy production has shielded the nation from oil price shocks like those triggered by the Russia-Ukraine war, which severely impacted European economies. Germany, the third-largest overall, saw goods exports increase by a slight 1%, even as the economy was contracting. The industrial-heavy economy was particularly hit by rising oil prices as several firms paused production due to the spike in energy prices. In 2023, the country exported $160 billion in goods to America, its largest export market. The last time America was the world’s top exporter was in 1979, but since then it has experienced a widening trade deficit. However, energy exports, America’s top export, have largely shifted from a deficit to a surplus over the past decade. In 2023, the U.S. achieved a $65 billion net energy surplus, strengthening its trade balance. A significant rise in domestic energy production has shielded the nation from oil price shocks, like those trig However, exports to the U.S. could decline as much as 15% if Trump’s proposed tariffs come into effect. The automotive and pharmaceutical sectors would be hit the hardest, declining 32% and 35%, respectively. Source: https://www.visualcapitalist.com/the-worlds-largest-exporters-of-goods [headlines] Only community banks and credit unions that provide An astonishing 764 (14%) community banks and 775 (15%) credit unions vanished in the past 5 years (Q2-2019 to Q2-2024), based on data from the FDIC and NCUA. A total of 1,539 community-based banking institutions disappeared because they ignored a major shift in behavioral finance in the past 5 years. Community banks and credit unions failed to recognize a significant shift from advisory investing to self-investing, much like the shift from using a travel agent to book your trip to doing it directly online. According to Reuters, there are over 100 million self-investing accounts at the 6 largest investment platforms alone. This growing number of self-investing individuals bypass investment advisors and invest directly on the platform. The significant shift from advisory investing to self-investing adversely impacted community banks and credit unions because they are not equipped to provide self-investing services. Conversely, national banks have this capability through their in-house brokerage firm. A case in point is Chase Bank, which offers self-investing services through its J.P. Morgan investing platform. Some community banks and credit unions offer Wealth Management services through their in-house investment advisors but this initiative is ineffective because self-investors do not use intermediaries, such as investment advisors, and are opposed to paying fees and commissions for something they can do on their own using a scientific and proven model. National banks are using self-investing services to lure deposit money and customers from community-based banking institutions. According to the Federal Reserve, the amount of money sitting in Money Market Funds of brokerage firms have grown from $3.5 trillion in Q2 2019 to over $6.5 trillion today. This amount is likely to increase as more investors are choosing to invest directly and avoid advisory fees and commissions. Recent advancement in behavioral economics and finance opened the door for community banks and credit unions to provide self-investing program. The most significant scientific finding was that the Money Anxiety Index is a reliable predictor of equity performance. The published study demonstrates how anyone can outperform the market scientifically and predictably and with confidence. The findings of this study have been incorporated into the Scientifically Predictable self-investing model, which is now available to customers of community-based banking institutions, who can now outperform the market with confidence and without the need to pay fees or commissions to advisors or intermediaries. Contact: Dr. Dan Geller [headlines] News Briefs Truck driver shortage: Myth or reality? Are You The Top Broker? Renting households that are cost-burdened, C.E.O. of Stellantis, Which Owns Chrysler Googling Is for Old People [headlines] Which US industries bet big on [headlines]
Warriors look likely to trim Kerr’s huge Andrew Luck returning to Stanford football [headlines]
Investors got big tax breaks to turn luxury apartments Homes vs. beaches: Court makes key decision in battle Prominent Texas company deserts Lone Star [headlines] Gimme that Wine
http://www.youtube.com/watch?v=EJnQoi8DSE8 Old World Winemakers Explore Innovation in Vineyard California North Bay braces for possible changes Revamped Napa Winery Combines Classic Wines Natural wine chosen for Notre-Dame [headlines] This Day in History https://leasingnews.org/archives/Dec2022/12_02.htm#history ------------------------------------------------------------- SuDoku The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler? -------------------------------------------------------------- Daily Puzzle How to play: Refresh for current date: -------------------------------------------------------------- http://www.gasbuddy.com/ -------------------------------------------------------------- Weather See USA map, click to specific area, no commercials -------------------------------------------------------------- Traffic Live--- Real Time Traffic Information You can save up to 20 different routes and check them out with one click, -------------------------------- Wordle https://www.powerlanguage.co.uk/wordle/ |
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