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NASA chief Bill Nelson tweeted: "Congrats to @SpaceX on Starship’s first integrated flight test! Looking forward to all that SpaceX learns, to the next flight test — and beyond." Musk, the founder, chief executive and chief engineer of SpaceX, said on Twitter that the next Starship test launch would be "in a few months." "Congrats @SpaceX team on an exciting test launch of Starship! Learned a lot for next test launch in a few months," he tweeted.

REUTERS/Go NakamuraBOCA CHICA, Texas, April 20 (Reuters) - Elon Musk's SpaceX aimed on Thursday to launch the company's next-generation Starship spacecraft atop its powerful Super Heavy rocket for the first time, on a highly anticipated but brief uncrewed test flight from the Gulf Coast of Texas. A successful flight would instantly rank the Starship system as the most powerful launch vehicle on Earth. In February, SpaceX conducted a test-firing of the Super Heavy, igniting 31 of its 33 engines for roughly 10 seconds with the rocket bolted in place vertically atop a platform. The Federal Aviation Administration last Friday granted a license for the first test flight of the fully stacked rocket system, clearing a final regulatory hurdle for the long-awaited launch. After separating from the Starship, the Super Heavy booster is expected to execute the beginnings of a controlled return flight before plunging into the Gulf.

REUTERS/Joe SkipperLOS ANGELES, April 20 (Reuters) - The spectacular explosion of SpaceX's new Starship rocket minutes after it soared off its launch pad on a first flight test is the latest vivid illustration of a "successful failure" business formula that serves Elon Musk's company well, experts said on Thursday. PRACTICE MAKES PERFECTAt least two experts in aerospace engineering and planetary science who spoke with Reuters agreed that the test flight delivered benefits. "This is a classical SpaceX successful failure," said Garrett Reisman, an astronautical engineering professor at the University of Southern California who is a former NASA astronaut and is also a senior adviser to SpaceX. Reisman called the Starship test flight a hallmark of a SpaceX strategy that sets Musk's company apart from traditional aerospace companies and even NASA by "this embracing of failure when the consequences of failure are low." She said the risks of a single flight test were small in comparison to the ambitious gains at stake.

Gorman has transformed the Wall Street powerhouse into a more diversified firm that is less reliant on its traditional strengths -- trading and investment banking -- since taking the helm in 2010. He was also the key architect behind Morgan Stanley's purchase of Smith Barney, a brokerage and investment adviser that became a cornerstone of the bank's wealth management arm. Morgan Stanley's profit beat expectations as rising revenue from wealth management in the first quarter offset declines in investment banking and trading. Wealth management accounted for 45% of firm's revenue, the results showed. Despite strains at some U.S. banks, Gorman said the industry is not in a banking crisis, nor was it facing problems comparable to the mortgage crash in 2008.

☆ Morgan Stanley netted nearly $20 billion in new client assets from First Republic and other struggling regional banks
▼ + stars: | 2023-04-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Morgan Stanley netted $109.6 billion in new client assets in the first quarter of 2023. Before the hiring binge, Morgan Stanley and other banks gave a $30 billion lifeline to First Republic. Morgan Stanley beat profit estimates with its first-quarter results and got a little boost from the banking crisis. Analyst Steven Chubak of Wolfe Research asked how First Republic advisors flocking to Morgan Stanley had boosted quarterly inflows. That leaves $19.6 billion attributable to advisors and clients fleeing struggling banks like First Republic for Morgan Stanley, a too-big-to-fail institution.

☆ Flash of light above Kyiv sparks buzz about falling satellite, aliens
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

April 19 (Reuters) - The night sky above wartime Kyiv was lit up by a flash of light on Wednesday, social media channels said, prompting speculation that a crashing satellite or even aliens might be responsible. Four short video clips posted to a Telegram channel by journalist and blogger Anatolii Sharii showed the sky suddenly illuminated by a bright light. The Kyiv city military administration, citing what it called preliminary information, said it was a crashing NASA satellite. The Ukrainian air force, responsible for trying to down missiles and drones fired by Russia, said a satellite or a meteorite could be responsible. "Please do not use official air force symbols to create memes for the enemy to enjoy!"

☆ Morgan Stanley tops analysts’ expectations on better-than-expected trading results
▼ + stars: | 2023-04-19 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

Morgan Stanley on Wednesday topped estimates for first quarter profit and revenue on better-than-expected trading results. Under CEO James Gorman, Morgan Stanley has become a wealth management giant thanks to a string of acquisitions. The bank gets most of its revenue from wealth and investment management, steadier businesses that help to offset volatile trading and banking results. First-quarter trading revenue dipped from a year ago as Wall Street comes down from a pandemic-era boom, but Morgan Stanley's traders managed to top expectations by roughly $250 million. He added that there was "no doubt" that Morgan Stanley would acquire more companies in wealth management, though nothing was imminent.

☆ Morgan Stanley profit beats as wealth business cushions deals slump
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +4 min

[1/2] A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas JacksonApril 19 (Reuters) - Morgan Stanley's first-quarter profit beat expectations as rising revenue from its wealth management division offset declines in its investment banking and trading units. The downswing in investment banking activity for Morgan Stanley, which forms the core of the bank's business, dragged total revenue down nearly 2% to $14.5 billion in the quarter. Meanwhile, revenue from equities trading fell 14%, while fixed income trading dropped 12%. While investment banks like Morgan Stanley and Goldman remain relatively insulated from the broader contagion worries of the crisis, the resultant uncertainty has again hurt the outlook for dealmaking, dampening hopes of recovery in the near-term.

☆ Bank chiefs move fluttering interest-rate needle
▼ + stars: | 2023-04-19 | by ( John Foley | ) www.reuters.com time to read: +3 min

NEW YORK, April 19 (Reuters Breakingviews) - Bank bosses are adding some dramatic tension to the U.S. monetary policy saga. It’s a possibility rather than a prediction, but when Wall Street’s highest and mightiest opine, it pays to listen. At the same time, the bank chiefs may be talking their books. He added that interest rates of “high 5% or 6%” would be “not shocking.”JPMorgan on April 15 reported $12.3 billion of quarterly earnings, a 56% increase from a year earlier, driven by rising interest rates. Dimon has previously warned that rates could hit 6%, and said in April 2022 that the bank was prepared for “drastically” tighter monetary policy.

☆ Apple continues to quietly build on its fintech ambitions
▼ + stars: | 2023-04-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In payments, specifically, its made progress via Apple Pay, the Apple Wallet, and the Apple Card. On Monday, Apple took another step deeper into financial services, announcing the launch of a high-yield savings account (4.15%) via its Apple Card. And now, as Goldman tries to salvage what's left of its consumer dreams, Apple continues to roll on. What's not clear, though, is what type of terms Goldman gets for serving as the back-end partner partner. Click here to read more about the top eight executives shaking up payments, including a key leader at Apple Pay.

REUTERS/Gene BlevinsBOCA CHICA, Texas, April 17 (Reuters) - Elon Musk's SpaceX made final preparations early on Monday to launch its powerful new Starship rocket system to space for the first time, on a brief but highly anticipated uncrewed test flight from the Gulf Coast of Texas. But neither stage will be recovered for the expendable first test flight to space, expected to last no more than 90 minutes. The Federal Aviation Administration just last Friday granted a license for what would be the first test flight of the fully stacked rocket system, clearing a final regulatory hurdle for the long-awaited launch. As designed, the Starship rocket is nearly two times more powerful than NASA's own Space Launch System (SLS), which made its debut uncrewed flight to orbit in November, sending a NASA cruise vessel called Orion on a 10-day voyage around the moon and back. Reporting by Joe Skipper in Boca Chica, Texas, and Joey Roulette in Denver; Writing and additional reporting by Steve Gorman in Los Angeles; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ MLB roundup: Phillies score 9 in first, bash 23 hits to rout Reds
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +11 min

Lopez allowed two runs and seven hits in six innings. Both were 2-for-4 as Boston finished with seven hits. Alcantara (1-2) allowed seven hits and five runs (four earned) in six innings for the Marlins. Alek Manoah (1-1) allowed seven runs, nine hits and four walks in 4 2/3 innings for the Blue Jays. Castillo allowed two hits, didn't walk a batter and struck out nine over seven innings.

BOCA CHICA, Texas, April 17 (Reuters) - Elon Musk's SpaceX called off the highly anticipated debut launch of its newly-combined Starship cruise vessel and Super Heavy rocket in the final minutes of countdown due to a frozen valve, delaying the uncrewed test flight for at least two days. But the California-based space company announced in a live webcast that it was scrubbing the planned 90-minute flight into space for a minimum of 48 hours, citing a frozen pressurization valve in the lower-stage rocket booster. A successful debut flight would also instantly rank the Starship system as the most powerful launch vehicle on Earth. But neither stage would be recovered for the expendable first test flight to space. After separating from the Starship, the Super Heavy booster is expected to execute the beginnings of a controlled return flight before plunging into the Gulf of Mexico.

That makes the business less than half the size of Bank of America Corp's (BAC.N) Merrill Wealth Management arm, the $18-billion behemoth Sieg ran until he left last month. Another challenge is that Citi has historically been undersized and a bit of a laggard in the space...especially in the wealth business where it’s all about existing relationships." In some ways, Citigroup is playing catchup after selling its old wealth business, Smith Barney, a decade ago to Morgan Stanley, which then leaned heavily into wealth management. That bet paid off - Morgan Stanley's wealth unit, led by Andy Saperstein, brought in record revenue last year. Two years ago, Citigroup unified its various wealth businesses into a single organization led by Jim O'Donnell that included its private bank and personal wealth division.

☆ MLB roundup: Rays make it 12 straight wins to open season
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +10 min

In his third start of the season, Boston's Chris Sale (1-1) was hit hard, yielding six runs (five earned) on seven hits. Detroit left-hander Eduardo Rodriguez allowed one run, seven hits and one walk in six innings, striking out three. Cincinnati's Hunter Greene worked six innings and allowed three runs on seven hits to go along with a season-high 10 strikeouts. Marlins starter Edward Cabrera allowed seven hits and two runs with four strikeouts and one walk in five innings. Eovaldi (1-2) allowed six runs on 10 hits with no walks and seven strikeouts over five innings.

☆ MLB roundup: Ryan Mountcastle's 9 RBIs propel Orioles to win
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +11 min

Austin Hays also homered and went 4-for-5 as the Orioles won for the second night in a row. Kyle Schwarber hit a solo home run and Bryson Stott added two hits and two RBIs for Philadelphia. Guardians starter Hunter Gaddis (0-1) allowed eight runs on eight hits with three strikeouts and two walks in three-plus innings. Blue Jays 9, Tigers 3Alejandro Kirk hit a three-run home run and had four RBIs as Toronto won its home opener, beating Detroit. Detroit right-hander Matt Manning (1-1) allowed four runs on six hits with one walk and three strikeouts in six innings.

☆ Morgan Stanley CEO's pay rose 13% to $39.4 mln in 2022
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: 1 min

April 6 (Reuters) - Morgan Stanley (MS.N) said on Thursday that Chief Executive Officer James Gorman's annual pay was $39.4 million in 2022, nearly 13% higher than a year earlier. Reporting by Mehnaz Yasmin in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Record California snowpack bounty poses renewed flood risks
▼ + stars: | 2023-04-04 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

But this year's abundant Sierra snowpack also poses a severe risk of renewed flooding to parts of California, especially the lower San Joaquin Valley, during the spring thaw, according to state Department of Water Resources (DWR) officials. More widely, however, electronic readings from 130 snow sensors throughout California showed the statewide snowpack's water equivalent at 61.1 inches, or 237% of average, tying the record statewide average level set in April of 1952. "This year's result will go down as one of the largest snowpack years on record in California," said Sean de Guzman, manager of the DWR snow survey8 and water supply forecasting unit. Guzman said California's reservoirs, severely drained just months ago, have all been replenished to more than 100% of average statewide. Long-term drought conditions in the Colorado River watershed will continue to impact millions of residents of Southern California residents, the DWR said.

☆ NASA to announce astronauts chosen for Artemis II lunar flyby mission
▼ + stars: | 2023-04-03 | by ( Steve Gorman | ) www.reuters.com time to read: +4 min

[1/6] People gather ahead of an event of NASA to announce the crew of the Artemis II space mission to the moon and back in Houston, Texas, U.S., April 3, 2023. REUTERS/Go NakamuraApril 3 (Reuters) - NASA plans on Monday to introduce the four astronauts for its Artemis II lunar flyby mission, set for launch as early as next year in what would be the first crewed voyage around the moon since the end of the Apollo era more than 50 years ago. The newly introduced crew will include the first Canadian astronaut for a moon mission, as well as three Americans from a pool of 18 NASA astronauts - nine women and nine men - selected for the Artemis program in 2020. They were the last of 12 NASA astronauts who walked on the moon during six Apollo missions starting in 1969 with Neil Armstrong and Edwin "Buzz" Aldrin. If Artemis II is a success, NASA plans to follow up a few years later with the programs' first lunar landing of astronauts, one of them a woman, on Artemis III, then continue with additional crewed missions about once a year.

☆ MLB roundup: Kodai Senga shines in debut as Mets down Marlins
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +12 min

[1/2] Apr 2, 2023; Miami, Florida, USA; New York Mets starting pitcher Kodai Senga (34) pitches against the Miami Marlins in the first inning at loanDepot Park. /Rhona Wise-USA TODAY SportsApril 3 - Right-hander Kodai Senga struck out eight batters in his major league debut, leading the New York Mets to a 5-1 win over the host Miami Marlins on Sunday afternoon. Marlins starter Trevor Rogers (0-1) lasted just 4 1/3 innings, allowing four hits, two walks and four runs, three earned. He allowed one run on three hits while walking two and striking out six in his first start of the season. Two of Houck's five hits allowed were home runs by Baltimore's Adam Frazier (3-for-4, two RBIs, two runs) and Cedric Mullins (2-for-5, run, three RBIs).

☆ Authorities search for more victims after tornado pummels Arkansas
▼ + stars: | 2023-04-01 | by ( Liliana Salgado | ) www.reuters.com time to read: +3 min

LITTLE ROCK, Arkansas, April 1 (Reuters) - Arkansas first responders on Saturday will sift through debris for more possible victims after a fierce tornado sliced through the Little Rock area and northeastern part of the state, killing at least two people and injuring dozens of others. Two fatalities in Arkansas were reported in Wynne, about 100 miles (160 km) east of Little Rock, Governor Sarah Huckabee Sanders said on Friday night. One person was killed and more than 50 people hospitalized in North Little Rock, Pulaski County spokeswoman Madeline Roberts told the Washington Post. Although more than 30 people were taken to hospital in the Little Rock area, none had died as of Friday night, said Little Rock Mayor Frank Scott Jr., who added that the count remained imprecise. [1/9] A view of destroyed buildings following the tornado in Little Rock, Arkansas, U.S., March 31, 2023 in this picture obtained from social media.

☆ Looming spring storm to spawn blizzards, ice, tornadoes across central U.S.
▼ + stars: | 2023-03-31 | by ( Steve Gorman | ) www.reuters.com time to read: +4 min

Other cities potentially in harm's way but at lower risk for tornadoes included Chicago, Nashville, Tennessee, St. Louis, Missouri, Madison, Wisconsin and Des Moines, Iowa. "There's a potential for some very strong tornadoes and some tornadoes that could be on the ground for quite some time, especially in northern Arkansas and western Tennessee," said John Feerick, senior meteorologist at private forecasting service AccuWeather. Feerick said the storm system would intensify through Friday as the sprawling low-pressure system at its core moves farther eastward, drawing up greater moisture from the Gulf of Mexico. Dust storm warnings were in effect for portions of the Southern Plains. Reporting by Steve Gorman in Los Angeles; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ U.S.-China tech rivalry will continue to put Chinese firms under intense scrutiny
▼ + stars: | 2023-03-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

watch nowChinese companies will continue to face intense scrutiny as U.S.-China tensions and competition won't be easing anytime soon, one analyst told CNBC. Chinese companies are getting a ton of scrutiny in part because of their ties to the Chinese Communist Party," said Lindsay Gorman, senior fellow for emerging tech at the German Marshall Fund's Alliance for Securing Democracy, on CNBC's "Squawk Box Asia" Tuesday. It's really intense competition [between the U.S. and China]. That really speaks to just how intertwined the U.S. and Chinese technological ecosystems are and have been. We can't let undersea cables become another example of that trend," said U.S.

☆ Tim Cook's Beijing visit: China and U.S. tech ecosystems are 'intertwined,' analyst says
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTim Cook's Beijing visit: China and U.S. tech ecosystems are 'intertwined,' analyst saysLindsay Gorman of the German Marshall Fund's Alliance for Securing Democracy says U.S. companies like Apple have significant manufacturing bases in China, and that complicates the "geopolitical picture."

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