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On April 3, Iranian Ambassador to Egypt Mojtaba Ferdowsi Poul stated that if the United States decides to send troops to land on Iranian islands, it could lead to the Houthi rebels blocking the Bab el-Mandeb Strait. Ferdowsi Poul said, "We hope our enemies will not make another strategic mistake against Iran. If they want to land on or occupy Iranian islands, another strait will become like the Strait of Hormuz, which will trigger financial markets and the global economy. This is not the situation we want. We will not beg the Houthis, but they have this plan." Houthi political bureau member Mohammed al-Buhaiti previously stated that the movement might block the Bab el-Mandeb Strait connecting the Red Sea and the Gulf of Aden, but only against the invading nation.Futures News, April 3rd - According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed higher on Thursday, with the benchmark contract rising 2.7%, mainly due to a surge in international crude oil futures. US President Trumps statement that the US would continue attacks on Iran sparked market concerns about a potential long-term disruption to crude oil supplies, causing Brent crude futures to jump 7.8%, which boosted sentiment in the Chicago soybean oil market. The May contract closed near its intraday high, slightly below this weeks high of $69.68. The US Department of Agricultures weekly export sales report showed that for the week ending March 26, 2026, net sales of US soybean oil for the 2025/26 marketing year totaled 1,100 tons, a 53% increase from the previous week, but a 58% decrease from the four-week average.Federal Reserves Goolsby: Uncertainty is leading to an environment of low hiring and low layoffs.Federal Reserves Goolsby: When gasoline prices rise sharply, some complications can arise that could push up inflation expectations. That would make things even more difficult for us.Federal Reserves Goolsby: The economy is showing a relatively stable trend.

The Teamsters union forms a new Amazon branch

Haiden Holmes

Sep 07, 2022 11:12

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The International Brotherhood of Teamsters, one of the largest U.S. labor unions, announced on Tuesday the launch of a new division dedicated to unionizing Amazon.com Inc. (NASDAQ:AMZN).


In April of this year, Staten Island employees voted to join the Amazon Labor Union, a success for the worker-led Amazon Labor Union. The e-commerce titan has obstructed attempts to organize for years.


The Teamsters announced a year ago their desire to create a company-specific division for Amazon, the second-largest private employer in the United States.


In a statement, Teamsters General President Sean O'Brien said, "Our new division provides a statewide network of services to all Amazon workers, whether they are truck drivers or facility employees, so they can strategize with the union, mobilize in their communities, and succeed together."


Amazon did not immediately respond to a request for comment.


The Teamsters, a union with 1.2 million members, appointed Randy Korgan as the director of Amazon's new division.


Korgan is the secretary-treasurer and chief executive officer of Teamsters Local 1932, which represents workers in Southern California and San Bernardino, which, per the union, is Amazon's "most major logistical center in North America."

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