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
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
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
It's a major comeback for Netflix after the company lost the streaming rights to shows like "Friends" and "The Office."Technologyread more
Democrats running to challenge Trump next year raced to show solidarity with the auto workers striking as they negotiate with General Motors.Politicsread 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 year after Nike's "Dream Crazy" campaign featuring former San Francisco 49ers quarterback Colin Kaepernick brought about heavy controversy, the company won the "outstanding...Mediaread more
New research by the Digital Citizens Alliance shows how easy it is to buy illegal steroids and other appearance- and performance-enhancing drugs.Cybersecurityread more
Energy giants Chevron and Exxon Mobil are the best performing Dow stocks a week after oil rises 5% or more in a single day.Investingread more
President Donald Trump signed a directive on Tuesday that ordered the Department of Defense create a Space Force as a sixth military branch.
Known as Space Policy Directive 4 (SPD-4), the directive orders the Pentagon draft legislation for Congress that would create the Space Force as a part of the U.S. Air Force. This would establish the first military branch in 72 years. The Air Force is the nation's youngest branch and was added shortly after World War II.
"America must be fully equipped to defend our vital interests. Our adversaries are training forces and developing technology to undermine our security in space, and they're working very hard at that," Trump told reporters at the White House.
"We're investing in new space capabilities to project military power and safeguard our nation's interests, especially when it comes to safety and defense," Trump added.
The National Space Council developed the directive alongside counterparts at the Pentagon, Joint Chiefs of Staff, Office of the Director of National Intelligence, National Security Council, Office of Management and Budget, and the White House Counsel's Office.
Currently the U.S. Air Force manages the space domain through the U.S. Space Command. This proposed Space Force would stand alongside the Army, Air Force, Navy and Marine Corps. However, the newest branch is expected to be akin to the structure of the Marine Corps, which is a component of the U.S. Department of the Navy but has separate representation on the Joint Chiefs.
The new sister service branch will be represented on the Joint Chiefs of Staff and overseen by an Air Force under secretary for space.
Trump first floated the Space Force idea as a part of his national security strategy March 13. The president described in March how he had originally coined the term as a joke, while discussing U.S. government spending and private investment in space. Trump then directed the Pentagon in June to immediately begin the creation of the new branch.
"I am hereby directing the Department of Defense and Pentagon to immediately begin the process necessary to establish a space force as the sixth branch of the armed forces," Trump said in June before asking Marine Corps Gen. Joseph Dunford, chairman of the Joint Chiefs, to see the directive through.
"Our destiny beyond the Earth is not only a matter of national identity but a matter of national security," Trump said.
The Pentagon did not immediately respond to a CNBC request for comment.
WATCH: NASA at 60