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

"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.

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.

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.

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.

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.

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.

DAVOS (Reuters) - Social media owners should be held responsible for "poisoning society" and eroding democracy with their algorithms, Spanish Prime Minister Pedro Sanchez told the World Economic Forum in Davos on Wednesday.

While addressing Trump supporters in Washington on Monday, the tech billionaire brought his hand to his chest and extended it straight out, twice, before saying: "My heart goes out to you." The gesture sparked controversy as it drew comparisons to a Nazi salute.

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