• President Joe Biden warned Monday that coronavirus case numbers could rise once again in U.S. states with low Covid-19 vaccination rates
• For the first time since the pandemic began over a year ago, Covid-19 cases are down in all 50 states, Biden said
• He said it would be a needless “tragedy” to see Covid cases rise among those who do not get vaccinated

• Walmart+ launched in the fall, but the retailer has not shared how many subscribers it has
• The subscription service is part of a broader effort to diversify how Walmart makes money, from advertising to healthcare
• The company will report its first-quarter earnings on Tuesday and share how sales have fared as Covid-19 cases fall in the U.S.

• Spokespersons for the U.K.’s Foreign Office and Transport Ministry were not immediately available for comment when contacted by CNBC
• The U.K. Foreign Office currently “advises against all but essential travel to the whole of the United Arab Emirates based on the current assessment of COVID-19 risks”
• The Michael Burry is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission.
• Burry previously mentioned in a tweet, that Tesla’s reliance on regulatory credits to generate profits is also an impediment to the company’s long-term prospectscountry of roughly 10 million has been on the U.K.’s “red list” for travel since mid-January, requiring a mandatory hotel quarantine for anyone arriving from the UAE

• Impersonators of Tesla CEO Elon Musk have stolen at least $2 million from cryptocurrency investors in so-called giveaway scams, according to the Federal Trade Commission
• Musk, the self-proclaimed “dogefather,” has been a big supporter of digital currencies like bitcoin and dogecoin
• Crypto fraud surged to record levels since October, according to the FTC. Nearly 7,000 people reported bogus investments since then and lost more than $80 million total

• Michael Burry is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission
• Burry was one of the first investors to call and profit from the subprime mortgage crisis
• Burry previously mentioned in a tweet, that Tesla’s reliance on regulatory credits to generate profits is also an impediment to the company’s long-term prospects

• The airline reported a full-year net loss of 815 million euros ($989 million) on Monday as Covid-19 restrictions pushed its traffic levels down 81%
• Regardless of the recent surge in bookings, Ryanair only expects to come close to breakeven in the 12 months to March 2022

• CEO Jeff Bezos wrote extensively on workplace injuries, in particular the common warehouse manual labor injuries called MSDs, in the most-recent annual letter to shareholders
• The company’s goal is to cut workplace recordable incident rates, an OSHA measurement covering injury and illness, by 50% by 2025

The post Business News – 5-17-2021 appeared first on Easy Ad - Local Small Business Resources.