While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
Of the recessions the U.S. has seen dating back to the early 1980s, none has come without an oil spike of at least 90%.Economyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
A new research study by the Digital Citizens Alliance shows how easy it is to buy illegal steroids or appearance and performance enhancing drugs (APEDs)Cybersecurityread more
GM shares were down nearly 3% Monday as analysts estimated the strike could cost GM tens of millions of dollars per day. The two sides resumed talks at 10 a.m. Monday...Autosread more
Amazon changed the algorithms that power its product-search system to favor the company's own products, The Wall Street Journal reported.Technologyread more
Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year, and more could be on the way.Entertainmentread more
These are the stocks posting the largest moves midday.Market Insiderread more
Franky Zapata always dreamed of flying, but being color blind, he was disqualified from becoming a helicopter pilot. —
Instead, he focused his energy on jet ski racing, and eventually created his own water recreation company, Zapata Racing. Still, Zapata never gave on his dream.
"If I can't fly in a regular way, I will create my own flying machine," he told CNBC recently.
Using a number of model airplane jets and a platform, Zapata designed the EZ Fly. The machine is capable of reaching speeds of up to 80mph and an altitude of 9,000ft. The pilot controls the EZ Fly by leaning in the direction that they want to go.
Along with the hardware, Franky designed a stability algorithm to keep the board as steady as possible and make flying easier.
EZ Fly is being considered as a possible tool for the U.S. military. Henry Berkowitz and Daniel Edwards are both former special operations members, and are working with Zapata as outside consultants to determine if the technology would be suitable for soldiers who have not been trained as a pilots.
"It's definitely easy to learn and easy to fly," says Berkowitz, "and I can see how it could potentially have a place in the military."
Berkowitz and Edwards talked about potentially using the EZ Fly for scouting difficult terrains or covering a lot of ground quickly. Though with the amount of noise it makes, stealth missions would be out of the question for the EZ Fly. It's also a gas-guzzler, consuming about a gallon of gas per minute.
The EZ Fly is just a prototype at this stage, and a single unit will cost about $250,000.