"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland, Wednesday. "The guy is our Einstein," the JPMorgan chief said. "I'd like to be helpful to him and his companies as much as we can.

Jamie Dimon, the billionaire head of the U.S.’ biggest bank, lauded Tesla CEO Elon Musk, the richest man on the planet and a key part of President Donald Trump’s administration, on Wednesday, squashing a long-running beef between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

Elon Musk’s controversial gesture, which some interpreted as a Nazi-style salute, drew criticism from Trump’s political opponents and energized fans on the far right.

Taking aim at Wikipedia co-founders Jimmy Wales and Larry Sanger, Musk argued that the site had become an extension of left-wing media or the “legacy media”, a term that has been adopted as a derogatory way to refer to traditional media sources by the MAGA movement.

Donald Trump and Elon Musk loom large over this year's World Economic Forum in Davos.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.

Musk, the world's richest man and a close ally of President Trump, was speaking at the Capital One Arena in Washington DC when he made the gesture. "My heart goes out to you. It is thanks to you that the future of civilisation is assured," the 53-year-old said, after giving the second one-armed salute.

The United States is our closest ally outside Europe. And I will do everything in my power to ensure that it stays that way,' Scholz said in a speech at the World Economic Forum in Davos, Switzerland.

Social Democrat chancellor affirms freedom of speech in Europe while rejecting far-right narratives as 'unacceptable' - Anadolu Ajansı

Former Salvadoran president, Mauricio Funes, died late on Tuesday in Nicaragua, where the leftist leader had been living since 2016 to avoid corruption charges in his home country. He was 65.

CFO Sarah Friar is helping the artificial intelligence company line up funding and create new revenue streams. She said the company would likely have to continue to fundraise, but weighed the pros and cons of a public listing.