• Gene Seroka, the Executive Director of the Port of Los Angeles says that the decision to impose fines on lingering cargo was a “last resort decision but it has helped congestion
• With the policy that took effect on November 1, Ocean carriers will be charged $100 per day for each container that’s left for 9 or more days

CEO of BlackRock concerned about the clean energy transition push

• The Chair and CEO of BlackRock, Larry Fink says that the “so-called” energy transition needs to be reevaluated 
• Fink also criticized oil firms for selling portions of their assets to private companies which prevents more information about polluting activities from being acknowledged
• He also argues that emerging countries might not be able to afford the transition and funds must be set aside to have a “fair and just transition” as Fink put it

Bloomin’ Brands stock fall by 11% after higher costs follow 2022 predictions

• The shares of the parent company to Outback Steakhouse, Bloomin’ Brands, fell by 11% on November 2 after the company says it’s expecting another $170 million in additional costs 
• The company has said that it will increase menu prices by 3% in November in order to offset rising costs

The post Business News – 11-02-2021 appeared first on Easy Ad - Local Small Business Resources.

• Fast casual restaurant Chipotle Mexican Grill has now raised prices by about 4% in order to compensate for the cost of raising their worker’s wages
• This may, Chipotle has reported that they would raise hourly wages for their restaurant workers into reach their average of $15 an hour towards the end of June

• Customers of Starbucks are now allowed to use their own personal reusable cups again at all Starbucks location in the US starting June 22
• Other restaurants including Starbucks are now making efforts to returning their businesses back to normal after changing many policies due to COVID-19
• Back in March of 2020, Starbucks had paused their reusable cup program

• Boeing has logged 20 net orders for a new aircraft in may
• This was the company’s 4rth consecutive month to have positive orders
• The deliveries for the Boeing Dreamliner still remain suspended 

• Ford has recently unveiled their all new compact pickup today (Tuesday) which is their smallest vehicle in their pickup truck lineup
• This truck marks the first time a truck in America with a standard gas-electric hybrid engine ever to go on sale and wills start at $19,995

•  Relativity Space has raised $650 million from contributors known as Fidelity and other investors such as Blackrock and Tiger Global
• The company plans to work on a fully reusable rocket that will attempt to go against SpaceX’s rocket of similar goal in less than 3 years

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