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, on Wednesday, squashing a long-running beef between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

“Elon and I hugged it out,” Dimon said. “He came to one of our conferences. He and I had a nice, long chat. We settled some of our differences.”

JPMorgan Chase CEO Jamie Dimon has held the top spot at the largest U.S. bank by assets for almost two decades, making him the longest-serving CEO on Wall Street today. And the bank just announced his leading successor’s own retirement.

Investing.com -- JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon expressed concerns over the elevated valuations in the U.S. stock market, citing broader risks like deficit spending, inflation, and geopolitical uncertainties.

JPMorgan CEO Jamie Dimon is sounding the alarm bell on stocks, stating in an interview at the World Economic Forum in Davos, Switzerland, this week that the market looks overvalued. "Asset prices are kind of inflated,

JPMorgan Chase & Co.’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank is striking a more cautious tone.

JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said that he felt more cautious than others in the business world. He noted risks from deficit spending, inflation and geopolitical upheaval.