Crude oil prices could soar 76% if the Israel-Hamas war morphs into a regional conflict, the World Bank says

Tech Insider
An Israeli M109 155mm self-propelled howitzer fires near the Israel-Gaza border.
An Israeli M109 155mm self-propelled howitzer fires near the Israel-Gaza border.

Jack Guez/Getty Images

The race to the moon is heating up as lunar resources could top $1 quadrillion in value

Tech Insider : Economy
A 3D reconstitution of the India moon lander is seen descending on the moon.
A still from a livestream shows a 3D reconstitution of India's historic moon landing on August 23.

ISRO

Millennials are hoarding more gold than boomers and Gen X-ers as recession risks loom, State Street says

Tech Insider : Economy
On display at Agosi AG in Pforzheim is a gold bar that weighs 12.5 kilograms (400 ounces), has a fine gold content of 99.99 percent and lies on gold granules.
On display at Agosi AG in Pforzheim is a gold bar that weighs 12.5 kilograms (400 ounces), has a fine gold content of 99.99 percent and lies on gold granules.

Uli Deck/picture alliance via Getty Images

Germany looks to cut its reliance on China with a new $2.2 billion commodities fund

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Nord Stream 1 German Chancellor Olaf Scholz
German Chancellor Olaf Scholz (R) stands next to Christian Bruch, President and CEO of Siemens Energy, in front of a turbine of the Nord Stream 1 pipeline as Scholz gives a statement during a visit on August 3, 2022 at the plant of Siemens Energy in Muelheim an der Ruhr, western Germany.

SASCHA SCHUERMANN / Getty Images

The world's top metals trader is stuck in another nickel-shipment snafu after getting bags of stones from a Dutch warehouse

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A rear view of a cargo ship stacked with containers alongside a wharf at Port of Antwerp-Bruges in Antwerp, Belgium, Oct. 27, 2022
A cargo ship berths at a container dock of the Port of Antwerp-Bruges in Antwerp, Belgium, Oct. 27, 2022

Zheng Huansong/Xinhua via Getty Images

JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.

Tech Insider
Bag of stones
JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before to many others.

Roman Mykhalchuk/Getty Images

JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.

Tech Insider
A warehouse filled with bags of different colored stones
Turns out that JPMorgan's bags of nickel are actually bags of stones.

Roman Mykhalchuk/Getty Images

The West hits Russia with fresh sanctions and raises tariffs on key commodities a year after the invasion of Ukraine

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russia ukraine
A Russian armored personnel carrier is driven on a street in Sevastopol, Ukraine’s Black Sea Port that hosts a major Russian navy base Tuesday, Feb. 25, 2014. Tensions were building up in the Crimea, where ethnic Russians who make the majority of the local population are deeply suspicious of the new Ukrainian authorities who replaced fugitive Russia-backed President Viktor Yanukovych.

AP Photo/Andrew Lubimov

A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says

Tech Insider
shipping containers
A container cargo ship in Rotterdam Harbour on April 4, 2021 in the Netherlands. Rotterdam is the largest shipping port outside of Asia.

Niels Wenstedt/BSR Agency/Getty Images

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