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(Bloomberg) -- The top executive of Teck Resources Ltd., one of Canada’s biggest mining companies, blasted the US for imposing inflation-fueling tariffs on metals markets in some of the industry’s most scathing comments against the Trump administration.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer T

Concern about U.S. import duties “is clearly influencing how people are thinking about inflation this year,” New York Federal Reserve Bank President John Williams said.

Best Buy warned that new tariffs and inflation will negatively impact its business Tuesday, and shares plunged nearly 15% to lead S&P 500 decliners.

The eurozone labour market showed resilience following the region’s sluggish economic performance in the last quarter of 2024.View on euronews

Shares of the company fell about 2.2% in premarket trading following the results. U.S. President Donald Trump's move to levy tariffs on imports from Mexico and Canada as well as double the duties on Chinese goods to 20% is also expected to affect the auto industry as it attempts to cut costs. AutoZone's quarterly net sales fell 2% to about $3.95 billion, missing estimates of about $3.98 billion, according to data compiled by LSEG.

"The Piaggio Group achieved excellent margins in 2024 thanks to careful management of productivity in a highly anomalous economic situation," CEO Michele Colaninno said in a statement. Piaggio proposed a payment of final dividend of 4 euro cents for 2024, which would bring the total payout for the year to 15.5 euro cents per share.

WASHINGTON (Reuters) -A new task force in the Republican-controlled U.S. House of Representatives on Tuesday began an examination of the Federal Reserve's role and goals, with Republicans raising questions about its track record on controlling inflation, and Democrats on watch for the impact of President Donald Trump's freshly imposed tariffs and other economic policies. Unlike some congressional task forces that mostly operate on the back burner, the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force's inaugural hearing drew support from the committee's top leadership, with both Chairman French Hill and the House Financial Services Committee's top Democrat, Representative Maxine Waters, querying witnesses.