Jamie Dimon reaffirmed JPMorgan's DEI commitments after pressure from an activist shareholder.

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.

The claim that big banks have closed accounts held by certain political or business customers gained new visibility this week when President Donald Trump confronted by name the CEOs of JPMorgan and Bank of America.

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.

Jamie Dimon remains steadfast in JPMorgan's DEI efforts, despite facing challenges from conservative activist investors and Trump's recent crackdown on DEI initiatives.

The JPMorgan Chase chief executive, who had warned of the negative effect of tariffs, said they could be justified for national security reasons.

The event saw a host of world leaders, executives, and celebrities come together in the Alpine town to discuss some of the hottest global topics.

Dimon's comments Wednesday come as Trump has threatened to impose a 25 percent tariff on products from Mexico and Canada by February 1 and a 10 percent tariff on Chinese imports. Earlier Wednesday, Trump also teased the notion of imposing "taxes, tariffs, and sanctions" on Russia if it doesn't end its war against Ukraine.

CEO Laurence Fink and other US finance chiefs are sanguine about US tariffs and see opportunities for global growth. Read more at straitstimes.com.

Rev. Al Sharpton hosted a rally in-front of a Costco in Harlem to support the wholesaler's decision to standby their diversity, equity, and inclusion policies.

President Trump has ambitions for a reordering of world commerce, with tariffs on items imported into the United States as a cornerstone.