Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
Boeing met with aircraft leasing firms and financiers in New York as the grounding of its popular 737 Max planes drags on with no clear timeline for getting the planes back in...Aerospace & Defenseread more
A financial disclosure made by lawyers for Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, reveals he has nearly $560 million in assets.Politicsread more
Both companies report earnings on Aug. 8, so the CBS and Viacom boards have set that as a natural deadline to agree to a merger. Price won't be discussed by the companies...Technologyread more
The Food and Drug Administration "stands ready" to start reviewing e-cigarettes amid a teen vaping "epidemic," acting Commissioner Ned Sharpless said Monday in a statement.Health and Scienceread more
US oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the US offshore drilling...Energyread more
The high-priced world of helicopter service is about to go high-tech.
A new company called Blade is launching a service between New York and the Hamptons this week, with plans to expand to other vacation spots of the rich in the future. What sets Blade apart from other chopper services is technology—it uses an app that make flying easier, faster and cheaper.
Rather than calling a reservation center and dealing with charter companies, Blade clients can book their flight with just three taps on their iPhone. If they can't find a convenient flight, they can charter their own chopper and sell seats on it by using Blade's crowdsourcing function.
Think of it as Sidecar for the helicopter set.
"We are in a very app-centric world," said Evan Licht, general manager of Blade. "You order food, look at clothes, you don't have to leave your apartment, let alone let go of something in your hand, to be able to get everything that you want." With the Blade app, "you do these three taps, and you can be on your helicopter within 10 minutes."
Read MoreWhen your kids have private-jet envy
It's not cheap. A one-way trip from Manhattan to the Hamptons will run you around $500. That's comparable or slightly less than other services. But Blade can make it cheaper if you charter your own chopper for around $2,700. If you sell the six other seats, you can cut your own ticket price to less than half that price.
Licht said that while the price is steep, the time saved is well worth it. Driving to East Hampton at the height of summer can take more than three hours. A chopper ride is 45 minutes. Licht said that that someone taking a chopper every weekend to and from East Hampton saves two-and-a-half days over the course of the season.
"So we're giving you two-and-a-half more days of summer," he said. "It's a short season. Many people have rented houses and the cost of renting houses is a lot. It makes them feel a lot better to finish up a hard day's work, get on a helicopter and be at their house enjoying their family in 30 minutes."
Blade is not buying helicopters. It's partnering with Liberty Helicopters of New York, which has a large fleet and top safety record.
Blade also offers something other charter companies don't: a weather guarantee in the form of a Maserati. If you're a Blade user and your flight is grounded due to weather, Blade gives you a credit for another flight and a driver gets you to the Hamptons in a Maserati. (This is through a partnership with Long Island New York Maserati.)
Blade is even considering a real-estate partnership so that people flying out to the Hamptons can do some beachfront real-estate shopping along the way.
The best verification of Blade's worth, however, will be when clients fly out over Long Island and see their fellow Hamptonites stuck in traffic.
"You talk about validating your purchase instantaneously, it's wonderful," Licht said. "If you're lucky to identify friends' cars down below, it's something to talk about over drinks later on."
—By CNBC's Robert Frank.