US Business

Canadian economic output plunged by a near record 8.2% annualized rate in the first quarter, as household spending collapsed on coronavirus-induced shutdowns. Exports also fell markedly.

The U.S. will need a strong regime to test, trace and quarantine cases of the new coronavirus to ensure a stronger rebound in employment and economic activity as states lift restrictions on commerce this summer, the Dallas Fed leader said.

Fed officials head into their next policy meeting deliberating how to assist an economy in a deeper hole than it faced after the 2008 financial crisis at a time when their tools might have less zip.

Twitter placed a notice on a tweet from President Trump, shielding it from view for breaking what the company said are its rules about glorifying violence.