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

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.

"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.

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

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.

Many Big Tech executives are in attendance at President Donald Trump's inauguration ceremony on Monday, namely one of the incoming president's biggest supporters: Tesla (TSLA) CEO Elon Musk. How are other world leaders viewing a tycoon such as Musk's closeness to the Trump administration,

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.

"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."

Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.

The S&P 500 (^GSPC) just capped its best first four trading days under a new president since Ronald Reagan's first week in 1985. The week ahead will bring investors a deluge of news that will put that rally to the test.

Global markets will focus on central bank rate decisions and earnings from US tech giants, alongside major European corporate quarterly results.

Silicon Valley loudly criticized President Donald Trump when he quit the climate accord in his first term. This time? Crickets.