Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested he would make multiples in return for his $100 million investment in Musk’s take-private deal for Twitter. “He told me he thought I was going to make two or three times my money over…

A screen displays the Hertz logo during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York, November 9, 2021.Brendan McDermid | ReutersCheck out the companies making headlines before the bell:Chegg — Shares dropped 22.7% following its earnings report Monday…

Illustration by Elham AtaeiazarThe media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television.Still, the details of what’s about to…

Bill Gates photographed in New York City on June 8, 2022. During a recent interview with the BBC, the billionaire said rich countries needed “to get their emissions down to zero as fast as they can.”Michael Loccisano | Getty Images Entertainment | Getty ImagesBill Gates…

Minneapolis Federal Reserve President Neel Kashkari said Tuesday that explosive jobs growth in January is evidence that the central bank has more work to do when it comes to taming inflation.That means continuing to hike interest rates, as he sees a likelihood that the Fed’s…

Oil major BP on Tuesday reported record annual profits, more than doubling last year’s total as fossil fuel prices soared following Russia’s full-scale invasion of Ukraine.The British energy giant posted underlying replacement cost profit, used as a proxy for net profit, of $27.7 billion for…