Traders were once again blocked from buying shares of GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC), but this time, instead of Robinhood interfering with the ability to trade, it was Square's (NYSE:SQ) Cash App.
Refiners in China are increasing imports of crude oil as they look to meet growing domestic demand, driven by increased activity in their industrial and transport sectors. China reported GDP growth of 2.3% in 2020, with fourth-quarter GDP coming in at 6.5%, after it succeeded in getting COVID-19 cases under control early in the year, enabling it to lift lockdown restrictions and allow economic activity to resume.
German authorities also fined Tesla 12 million euros for allegedly failing to fulfill their obligations around taking back old batteries from customer. The EPA accused Tesla last week of failing to prove it is in compliance with federal emissions standards for hazardous air pollutants.