Key PointsBernie Madoff, architect of the nation’s biggest investment fraud, dies at 82Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, died Wednesday. He was 82.His death at the Federal Medical Center in Butner, North Carolina, was confirmed by the federal Bureau of Prisons.Madoff died apparently from natural causes, the AP reported earlier, citing an unidentified person familiar with the matter. He would have turned 83 on April 29.Madoff was serving a 150-year sentence at the prison, where he...…Key PointsBernie Madoff, architect of the nation’s biggest investment fraud, dies at 82Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, died Wednesday. He was 82.His death at the Federal Medical Center in Butner, North Carolina, was confirmed by the federal Bureau of Prisons.Madoff died apparently from natural causes, the AP reported earlier, citing an unidentified person familiar with the matter. He would have turned 83 on April 29.Madoff was serving a 150-year sentence at the prison, where he...WW…

Key PointsRemington, which bills itself as America's oldest gun manufacturer, has filed for Chapter 11 bankruptcy protection for the second time in just over two years. The filing comes just days after the apparent collapse of talks between the company and the Navajo Nation, which reportedly was considering purchasing Remington's assets in a prepackaged bankruptcy that would have allowed the company to shed its liabilities. It was unclear from the bankruptcy filing late Monday whether the company had found an alternative buyer. Remington previously filed for bankruptcy in 2018, citing...…Key PointsRemington, which bills itself as America's oldest gun manufacturer, has filed for Chapter 11 bankruptcy protection for the second time in just over two years. The filing comes just days after the apparent collapse of talks between the company and the Navajo Nation, which reportedly was considering purchasing Remington's assets in a prepackaged bankruptcy that would have allowed the company to shed its liabilities. It was unclear from the bankruptcy filing late Monday whether the company had found an alternative buyer. Remington previously filed for bankruptcy in 2018, citing...WW…

Key PointsEconomic activity at the state level plunged in the first three months of 2020, according to the U.S. Commerce Department, as the pandemic brought the national economy to a standstill.In New York and Nevada, where the coronavirus was raging by March, state Gross Domestic Product plunged 8.2% for the quarter, compared to the national drop of 5%. Other big drops included Michigan at 6.8% and Louisiana at 6.2%. Indeed, no state economy grew during the quarter. The smallest drop was Nebraska at 1.3%. The Commerce Department said the accommodations and food service industry...…Key PointsEconomic activity at the state level plunged in the first three months of 2020, according to the U.S. Commerce Department, as the pandemic brought the national economy to a standstill.In New York and Nevada, where the coronavirus was raging by March, state Gross Domestic Product plunged 8.2% for the quarter, compared to the national drop of 5%. Other big drops included Michigan at 6.8% and Louisiana at 6.2%. Indeed, no state economy grew during the quarter. The smallest drop was Nebraska at 1.3%. The Commerce Department said the accommodations and food service industry...WW…

Key PointsTaiwanese electronics manufacturer claims that it has created enough jobs in Wisconsin to begin collecting on the multibillion-dollar incentive package the state offered to attract the company's first U.S. manufacturing facility. But the state is not turning over any money just yet for the deeply controversial project, which has consistently fallen short of the wildly ambitious plans described by when he first announced the deal in 2017.In a filing with the state's economic development arm obtained by CNBC under Wisconsin's Public Records Law, Foxconn Vice Chairman Jay Lee said...…Key PointsTaiwanese electronics manufacturer claims that it has created enough jobs in Wisconsin to begin collecting on the multibillion-dollar incentive package the state offered to attract the company's first U.S. manufacturing facility. But the state is not turning over any money just yet for the deeply controversial project, which has consistently fallen short of the wildly ambitious plans described by when he first announced the deal in 2017.In a filing with the state's economic development arm obtained by CNBC under Wisconsin's Public Records Law, Foxconn Vice Chairman Jay Lee said...WW…