"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.

Move over billionaires. The first trillionaires are on their way.

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

The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that is three times faster than in 2023.

German Chancellor Olaf Scholz on Tuesday vowed to "defend free trade as the basis of our prosperity", a day after US President Donald Trump threatened to impose tariffs and taxes on trade partners.

In a first-of-its-kind event, Elon Musk hosted a delegation of leading Indian business figures at SpaceX's Starbase facility in Texas. The exclusive gathering, led by India Global Forum (IGF) Founder Manoj Ladwa,

CEO Jamie Dimon thinks Elon Musk is a modern-day Albert Einstein. “The guy is our Einstein,” Dimon said of Musk, the Tesla (TSLA) and SpaceX CEO who has become a top ally to President Donald Trump. “I’d like to be helpful to him and his companies as much as we can.

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.

"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."

A bishop asked Trump to 'have mercy' on LGBT people and immigrants - he later called her 'nasty' and a 'Trump hater'

At the World Economic Forum in Davos, industry leaders debated Bitcoin’s role as a reserve asset, the memecoin frenzy and crypto’s future amid Trump’s return to the Oval Office.