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Month: June 2023

Nikola extends voting on authorizing new shares to raise capital

Nikola extends voting on authorizing new shares to raise capital

Nikola Corp. shareholders are voting in favor to approve a proposal critical to the hydrogen fuel cell truck developer’s survival, but the company still needs more votes to put its plan into action.

Although 77 percent of those shareholders voting agreed to double Nikola’s outstanding shares to 1.6 billion from 800 million, the company has not obtained the required majority of all common stock holders to approve the measure.

It adjourned Wednesday’s annual shareholders meeting until July 6 to solicit more votes. Nikola declined to say what percentage of all shareholders have voted to approve the proposal.

The plan provides a way for the cash-strapped startup to raise new capital to build hydrogen-powered Class 8 trucks and a national fueling network.

Additionally, the Phoenix company may still have to execute a reverse stock split to remain in compliance with Nasdaq’s listing requirements.

If the share authorization measure stalls or fails, the company could try again. read more

Unemployment or recession fears aren’t stopping workers from making career moves

Unemployment or recession fears aren’t stopping workers from making career moves

Sarah Foster | Bankrate.com (TNS)

For more than a year now, workers have been told to strap in for a recession that could zap their historic career opportunities, harm their unprecedented amount of bargaining power and injure their job security.

That downturn has yet to arrive. Now, workers may be learning to live with the uncertainty.

One in 3 (or 33%) employed Americans are worried about their job security, according to Bankrate’s job seeker survey released in April. But a new analysis shows they’re also the ones most likely to make career moves.

Nearly 9 in 10 workers who are worried about their job security (or 88%) say they will likely take at least one career action in the next 12 months, which includes quitting a job, asking for a raise, relocating for a job, negotiating for more flexibility and searching for a new position, the survey found. About two-thirds (or 67%) of those with no job security worries said the same.

Illustrating the divide even more, 21% of workers who are worried about their job security say they’re likely to take all of those actions, more than five times higher than workers who are not worried (at 4%), the survey found. read more

How to set and vet money goals midyear

How to set and vet money goals midyear

If you set money goals for 2023 back in January, now can be a smart time to check in on your progress. And if you didn’t, it’s not too late to create goals for the next six months and beyond.

“If you don’t have your goals, everyone is so busy with life that a year will whiz by and you’ll have forgotten to start,” says Dan Casey, owner of Bridgeriver Advisors, a financial firm in Bloomfield Hills, Michigan.

With many people’s money goals hampered by the dual headwinds of inflation and economic uncertainty, it’s easy to get discouraged if you haven’t made as much progress as you’d hoped. Financial experts offer these five strategies for using the midyear point as a way to get back on track, or to embrace a slightly altered course.

Define and refine what you want

Rebecca Eve Selkowe, New York City-based accredited financial counselor and owner of the financial counseling firm RebeccaEve.com, urges people to first define what they want their money to accomplish, noting that those goals can shift over time. That discussion can lead to unexpected discoveries, such as realizing what you actually want is not just to pay off debt but to work fewer hours or change jobs. read more

After delays, ULA lights up Vulcan Centaur rocket for 1st time at Cape Canaveral

After delays, ULA lights up Vulcan Centaur rocket for 1st time at Cape Canaveral

United Launch Alliance rolled its new Vulcan Centaur rocket back to the launch pad at Cape Canaveral Space Force Station for the much-delayed Flight Readiness Firing test Wednesday.

Bad weather on the Space Coast forced mission managers to delay the hot fire of the engines about three hours later than planned finally lighting up the launch pad at 9:05 p.m.

The two BE-4 engines at the base of the ULA Vulcan Centaur light up during the Flight Readiness Firing test at Cape Canaveral Space Force Station's Space Launch Complex 41 on Wednesday, June 7, 2023. (ULA)
The two BE-4 engines at the base of the ULA Vulcan Centaur light up during the Flight Readiness Firing test at Cape Canaveral Space Force Station’s Space Launch Complex 41 on Wednesday, June 7, 2023. (ULA)

“A whole range of emotions, obviously. Super excited. Relieved, I’ll be honest. Very gratifying,” said ULA’s vice president of Vulcan development Mark Peller after the test. “A lot of hard work by the whole team — many, many years of work to get us to where we are here today.”

The test aimed to validate the fully integrated first and second stages of ULA’s new rocket by running through a launch timeline, propellant load and countdown culminating with the ignition of its two BE-4 engines made by Blue Origin for about six seconds producing close to 1 million pounds of thrust while clamped down in place so it didn’t lift off of the pad. read more