Jamie Dimon’s comments follow JPMorgan’s decision late last year to drop a case filed against Tesla in 2021, which had sought $162.2 million plus fees over a dispute regarding stock warrant transactions.

At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.

US President Donald Trump stages a virtual appearance Thursday at the World Economic Forum in Davos, Switzerland, where he will deliver his first major speech, via video link, to global business

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

Davos newsletter! For Gary Cohn, Davos 2025 must feel like déjà vu. “Even when I was there eight years ago, there was always a heavy debate on tariffs,” President Donald Trump’s former top economic adviser and the current vice chairman of IBM told Bloomberg TV.

"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel in Davos, Switzerland.

A change in the H-1B visa policy for highly skilled professionals from India under Trump 2.0 would be "fantastic" for the US as it needs them, American economist Kenneth Rogoff told NDTV at the World Economic Forum (WEF) meeting in Davos.

Jamie Dimon said that he and Elon Musk settled their differences. This seemingly concluded their row, sparked by a legal fight between JPMorgan and Tesla.

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland. "He came to one of our conferences, [and] he and I had a nice, long chat. We settled some of our differences."

The value of Tesla’s brand dropped for a second straight year, according to research and consulting firm Brand Finance.

Donald Trump grabbed the spotlight in Davos on Thursday, even if he wasn't physically there, but other things happened at the annual meeting of world elites in the Swiss ski village.

The event saw a host of world leaders, executives, and celebrities come together in the Alpine town to discuss some of the hottest global topics.