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.

BERLIN (Reuters) - U.S. billionaire Elon Musk called the chancellor of Germany "Oaf Schitz" on his social media platform X on Tuesday, responding to a video of the leader's comments on free speech at the World Economic Forum in Davos.

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.

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

Perhaps the highest and best use of Elon Musk’s time and effort is not trying to reform the government. More entrepreneurship might help the world even more.

The billionaire and his Silicon Valley associates landed in the capital and immediately moved to cut the size of the federal government, reprising the playbook he used after buying Twitter in 2022.

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, this week, putting an end to years of head-butting between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

Chancellor of the Exchequer Rachel Reeves joked about Elon Musk’s online “trolling” of world leaders, in a break from the UK government’s careful efforts to avoid responding to frequent criticism from the close Trump ally.

JPMorgan CEO Jamie Dimon said he and Elon Musk “hugged it out” and put aside nearly a decade of tense interactions thanks to a conversation the pair had at a conference last year.

During the World Economic Forum in Davos, Switzerland, the AI developer’s finance chief talked in detail about the company’s restructuring, Elon Musk’s legal actions and IPO best practices.

CEO Jamie Dimon praised Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Wednesday and indicated that the two billionaires have patched holes in their relationship.

The richest man in the world is backing far-right parties against a political establishment that has failed to deliver.