Home Blog Page 279

Tech Leaders Spotted at Allen & Co Conference in Sun Valley, Idaho

July 10, 2026

Summer camp is back in session — if your bunkmates run the world’s biggest tech and media companies.

Tech CEOs are descending on Sun Valley, Idaho, as the annual Allen & Co. conference kicks off on Tuesday.

Known as “summer camp for billionaires,” the invite-only gathering is expected to draw leaders from Amazon, Apple, Meta, OpenAI, and other major media companies. Though discussions among invitees are kept confidential, Tim Armstrong, the CEO of Flowcode, previously told Business Insider that AI was the “1,000-pound gorilla” in “every conversation, every meeting” at last year’s conference.

Hundreds of private jets, bringing some of the world’s most influential executives, have been flocking to the mountain resort since Monday. Tim Burke, director of the Sun Valley Friedman Memorial Airport, told Business Insider he expects between 300 and 350 aircraft each day of the conference, more than four times the typical traffic.

Here are the CEOs and billionaires we’ve spotted in Sun Valley so far.

David Zaslav, President and CEO of Warner Bros. Discovery, waves at the camera

Kevin Dietsch/Getty Images

Zaslav arrived as Warner Bros. Discovery weighs major strategic changes after announcing plans to split into two stand-alone public companies, separating its streaming and studio business from its traditional cable networks.

Jerry Yang, former CEO of Yahoo, arrives at the conference

The Yahoo cofounder remains a prominent investor through AME Cloud Ventures, backing AI and enterprise technology startups. Yang has become a regular fixture at Sun Valley as AI has emerged as the dominant topic among tech leaders.

Mary Barra, CEO of General Motors, walks past reporters after arriving

Barra is steering GM through a slower-than-expected transition to electric vehicles while expanding its lineup of hybrid models. The automaker has also been investing heavily in autonomous driving and software as competition intensifies.

Bret Taylor, chairman of OpenAI, arrives at the Sun Valley Lodge

Taylor chairs OpenAI’s board while also leading Sierra, the AI startup he cofounded that builds customer service agents for businesses. His appearance comes as AI investment, infrastructure costs, and enterprise adoption remain top themes at this year’s conference.

Neal Mohan, CEO of YouTube, walks with a hot drink in hand

Mohan oversees YouTube as it continues to dominate streaming watch time and expand its business around Shorts, podcasts, and AI-powered creator tools. The platform remains a key player in the battle for digital advertising and entertainment audiences.

Bob Iger, former CEO of The Walt Disney Company, arrives at the annual gathering

Former CEO of The Walt Disney Company Bob Iger

Iger stepped down as Disney CEO in March after handing the reins to Josh D’Amaro, ending his second stint leading the entertainment giant. He remains a senior advisor and Disney board member through the end of 2026.

Ted Sarandos, co-CEO of Netflix, checks into the lodge

Sarandos leads Netflix as the streaming giant continues to invest in live events, advertising, and sports programming while maintaining its lead over traditional media rivals. Netflix remains a central player in conversations about the future of entertainment.

Ken Langone, cofounder of Home Depot, is greeted by Zaslav upon arrival

Co-founder of Home Depot Ken Langone (L)

The billionaire investor and Home Depot cofounder remains an influential voice in corporate America and philanthropy. Langone frequently weighs in on the economy, politics, and business leadership.

Barry Diller, chairman and senior executive of IAC, arrives on a bike

Chairman and Senior Executive of IAC Barry Diller

Arriving on a bike as he did in previous years, the veteran conference attendee has spent decades shaping the media industry through companies including IAC, Expedia, and Match Group.

Rob Manfred, MLB Commissioner, steps out of a van

Manfred is overseeing MLB’s efforts to expand streaming distribution and modernize the league’s media business, as sports rights remain among the entertainment industry’s most valuable assets.

John Henry, principal owner of Fenway Sports Group, heads into the lodge

Principal owner of Fenway Sports Group John Henry

Henry oversees Fenway Sports Group, whose portfolio includes the Boston Red Sox, Liverpool FC, and the Pittsburgh Penguins.

Kevin Warsh, chair of the Federal Reserve, arrives in a suit

Federal Reserve Chair Kevin Warsh arrives to the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley

Warsh arrived in Sun Valley just weeks after taking over as chair of the Federal Reserve, replacing Jerome Powell. He’s taking over at a pivotal moment for the economy, with investors watching how he approaches inflation, interest rates, and the Fed’s independence.

Uber CEO Dara Khosrowshahi is seen chatting with Wendi Murdoch, former wife of Rupert Murdoch

SUN VALLEY, IDAHO - JULY 07: CEO of Uber Dara Khosrowshahi (L) speaks to Investor and Entrepreneur Wendi Murdoch as they attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance,

Khosrowshahi is steering Uber into its next phase as the company expands beyond rides into AI and autonomous vehicles. The CEO has been positioning Uber as a potential backbone for the future of self-driving transportation.

Wendi Murdoch, the ex-wife of media mogul Rupert Murdoch, returns to Sun Valley as a longtime attendee. She’s been investing in startups through her venture firm and remains connected to Silicon Valley and global business leaders.

Alex Karp, CEO of Palantir Technologies, flashes a peace sign

Karp leads Palantir as the defense software company expands its AI business across government and commercial customers. The outspoken CEO has emerged as one of Silicon Valley’s most vocal figures on AI.

Josh D’Amaro, CEO of Disney, is seen chatting with Michael Kives, cofounder and managing partner of K5 Global

CEO of Disney Josh D'Amaro (C) and co-founder and managing partner of K5 Global Michael Kives (R)

D’Amaro is attending his first Sun Valley conference as Disney CEO after succeeding Bob Iger in March. He takes the helm as Disney focuses on streaming profitability, AI, and the expansion of its theme parks and entertainment businesses.

Kives arrives as one of Hollywood and Silicon Valley’s well-connected investors. Before co-founding K5 Global, he spent more than a decade as a talent agent at Creative Artists Agency and has built K5 into a venture firm known for backing tech companies.

Tim Cook, CEO of Apple, is seen walking with John Ternus, incoming CEO of Apple

SUN VALLEY, IDAHO - JULY 07: Tim Cook (L), CEO of Apple, walks with John Ternus, incoming CEO of Apple, at the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres

Cook arrives as he prepares to step down as Apple’s CEO after nearly 15 years at the helm. He will hand the role to Apple hardware chief John Ternus in September while remaining with the company as executive chairman.

Sam Altman, CEO of OpenAI, waves as he walks into the conference

Sam Altman, chief executive officer and co-founder of OpenAI Inc., arrives for the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Tuesday, July 7, 2026.

Altman arrives as OpenAI continues its push to build the next generation of AI systems while expanding its business beyond ChatGPT. The CEO is helping lead one of the biggest technology races in decades as the company looks toward filing an IPO.

Andy Jassy, CEO of Amazon, with his wife Elena

Andy Jassy, president and CEO of Amazon, and his wife Elana Jassy arrive at the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 7, 2026 in Sun Valley, Idaho.

Amazon’s chief executive, Andy Jassy, arrived in Sun Valley dressed casually in a button-down shirt over a black T-shirt, accompanied by his wife, Elena Jassy.

Retail giant Amazon is cementing its place in the AI race after inking a $50 billion investment agreement with OpenAI in February.

Sheryl Sandberg, former COO of Meta

Meta’s former operations chief, Sheryl Sandberg, was photographed in Sun Valley dressed comfortably in a white cardigan over a black tank top, with a to-go cup in hand.

Sandberg stepped down as COO in 2022 and from Meta’s board in 2024. She now runs a women’s nonprofit that she founded, as well as a venture capital firm, Sandberg Bernthal Venture Partners.

Reid Hoffman, cofounder of LinkedIn, arrives at the conference

Reid Hoffman, co-founder of LinkedIn, arrives at the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 7, 2026 in Sun Valley, Idaho.

LinkedIn cofounder Reid Hoffman was part of this year’s Sun Valley attendee list. Hoffman, who founded LinkedIn in 2003, launched Manas AI last year, a company that uses AI to accelerate drug research.

Joshua Kushner attended with his wife, Karlie Kloss

Josh Kushner, founder and CEO of Thrive Capital, and his wife Karlie Kloss attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 7, 2026 in Sun Valley, Idaho.

Billionaire venture capitalist Joshua Kushner, the founder and managing partner of Thrive Capital, was photographed hand in hand with his wife, supermodel Karlie Kloss.

Bill Gates, cofounder of Microsoft, rides in a golf cart with girlfriend Paula Hurd

Bill Gates, co-founded of Microsoft and co-chair of the Bill & Melinda Gates Foundation, and Paula Hurd ride in a golf cart

The semi-retired Microsoft cofounder continues to focus on AI, global health, and climate through the Gates Foundation.

Jeff Bezos, executive chairman of Amazon, attends the conference with his wife, Lauren Sánchez Bezos

Executive Chairman of Amazon Jeff Bezos and his wife Lauren Sánchez Bezos attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

Bezos arrives as Amazon continues investing heavily in AI, cloud computing, and logistics. The billionaire stepped down as CEO in 2021 but remains closely involved in the company’s long-term strategy, overseeing Blue Origin and his other ventures.

Mark Zuckerberg, CEO of Meta, is seen walking with Dina Powell McCormick, a former US Deputy national security advisor, and two Meta executives

CEO of Meta Platforms Mark Zuckerberg, Chief Operating Officer of Meta Platforms Javier Olivan, former U.S. Deputy National Security Advisor Dina Powell McCormick and Chief Strategy Officer of Meta Platforms David Wehner

Zuckerberg attends the conference with a line-up of other Meta executives, including president and vice chair Powell McCormick, chief operating officer Javier Olivan, and chief strategy officer David Wehner. The CEO has made AI the company’s top priority, while continuing to expand its smart glasses and wearable tech businesses.

Bari Weiss, editor in chief of CBS News, is seen on the phone outside the Sun Valley lodge

In one of the year’s biggest shake-ups in broadcast journalism, Weiss was named editor in chief of CBS News. The former opinion editor and founder of The Free Press now oversees the network’s news division.

Jared Kushner, CEO of Affinity Partners, is seen attending with his wife, Ivanka Trump

CEO of Affinity Partners Jared Kushner and Ivanka Trump

The former White House senior advisor and son-in-law to Donald Trump is a longtime attendee at Sun Valley. Kushner recently expanded his Miami-based investment firm’s portfolio while remaining involved in global affairs.

Source link

Bitcoin price recovers – But ONE hurdle keeps BTC bulls on edge

moneyvests

July 10, 2026

Bitcoin price recovers - But ONE hurdle keeps BTC bulls on edge

Bitcoin [BTC] is beginning to regain demand. This comes after weeks of persistent selling pressure weakened participation across both spot and derivatives markets.

Over the past week, the 30-day cumulative demand rebounded sharply from nearly -500,000 BTC to around -75,000 BTC. This shift signaled that risk appetite is gradually returning.

Notably, futures demand recovered from roughly -295,000 BTC to slightly above neutral. Despite that, spot demand remained weak near -78,000 BTC, showing long-term investors are still waiting for stronger confirmation. Moreover, that divergence suggests traders are positioning for higher prices before meaningful capital enters the spot market.

Although sentiment has clearly improved, Bitcoin’s recovery will remain vulnerable until spot accumulation strengthens, reinforcing derivatives-driven momentum with broader investor conviction.

Downside fears begin to ease

Bitcoin’s options market nuances cautious spot participation, although investors are no longer pricing downside risk as aggressively compared to the previous sell-offs.

During the February and June selloffs, put implied volatility surged as traders rushed to hedge against deeper losses. July presents a different picture. In contrast, in July, as Bitcoin traded between $60,000 and $65,000, downside premiums have cooled noticeably.

Such a divergence indicates that expectations are shifting from another capitulation toward a slower bottoming process.

This shift reflects a market that has already experienced significant declines over several months. As a result, reducing the urgency for costly downside protection. Even so, investors should be cautious since calmer options pricing does not necessarily translate to renewed conviction.

Additionally, ETF participation remains inconsistent while spot accumulation has fallen behind derivative demand. Therefore, until fresh capital flows back into spot markets, improved sentiment could face challenges in generating widespread buying needed for a durable recovery.

Distribution remains a market headwind

Even as downside fears continue easing, Bitcoin’s recovery is still meeting resistance from holders taking profits accumulated during the previous cycle. Long-term holder realized losses remain elevated on the 30-day Moving Average, although they have moderated from the extreme spikes recorded during the 2022 bear market.

Meanwhile, realized profit and loss data shows short-term holders continue accounting for a larger share of market activity, reflecting uncertainty among newer investors as prices stabilize.

That combination suggests supply is gradually rotating from experienced holders to fresh participants rather than disappearing altogether. Furthermore, an increase in demand for bitcoin is absorbing most of the distribution of supply.

However, until long-term holder selling slows further, Bitcoin’s recovery is likely to remain gradual instead of accelerating into a sustained bullish trend.

Final Summary

Bitcoin recovery remains incomplete as spot demand continues trailing derivatives activity.
BTC still faces long-term holder selling despite easing downside fears and improving market sentiment.

Source link

Fed minutes expose deep divide over interest-rate outlook

moneyvests

July 10, 2026

Fed minutes expose deep divide over interest-rate outlook

The Iran War, tariffs and the demand-driven AI-investment boon could add up to create inflationary conditions where Federal Reserve policymakers would need to consider interest-rate hikes later this year.

But not just yet.

According to the minutes of the June Federal Open Market Committee meeting, policymakers at the central bank were concerned about high inflation but needed more data before making a move on the benchmark Federal Funds Rate.

The data could also signal that rates should continue to hold for a while or even go lower sooner than many expected.

The minutes do not name participants so Fed watchers need to closely read the words in the 15-page document released July 8 as well as read between its lines.

LPL Financial Chief Economist Jeffrey Roach said the minutes suggest the FOMC had a “good family fight” over the various scenarios under review — a difficult situation with a wide range of outcomes.

“One thing is certain: future policy is heavily contingent on the political situation in the Middle East. If we can tease out any forward guidance from the minutes, it would be the committee is working through a wide range of scenarios and will not commit to a specific scenario until the incoming data provides necessary clarity,” he said.

Roach added that he didn’t expect the FOMC to make a change in either direction at the July 28-29 meeting.

Fed’s dual mandate requires a tricky dance

The Fed’s dual mandate from Congress requires maximum employment and stable prices.

Lower interest rates support hiring but can fuel inflation. This risks fueling further inflation, potentially leading to an inflationary spiral.
Higher rates cool prices but can weaken the job market. This increases the cost of borrowing and further stifles economic activity.

Fed holds interest rates steady thus far this year

The rate-setting Federal Open Market Committee voted unanimously last month to hold its benchmark Federal Funds Rate target in a range of 3.5% to 3.75%.

Policymakers had cut rates by 25 basis points at its last three meetings of 2025 to shore up the softening labor market.

These “insurance” cuts stopped after the majority of policymakers decided the risk from higher prices was outweighing signs that the jobs market was stabilizing.

The funds rate is the interest rate that the Federal Reserve charges other banks overnight.

A change in the funds rate triggers moves in borrowing costs ranging from credit cards to auto loans and influences long-term mortgage rates.

It is one of several tools the Fed could use to maintain a balanced economy that is neither overheating nor cooling down.

Warsh says inflation risk is dropping

Federal Reserve Chair Kevin Warsh said July 1 that inflation risks have come down in recent weeks although he didn’t offer data or other numbers to support his argument.

Instead, speaking at the European Central Bank’s annual gathering of international policymakers and economists in Sintra, Portugal, the new Fed chair doubled down on his hawkish pledge from the June FOMC meeting that the Fed will focus on delivering “price stability.”

Warsh emphasized the Fed’s commitment to getting inflation back down to its 2% target — a level it has missed for the last five years.

“If there were people in households or the business sector or the financial markets who thought that this central bank was going to be comfortable with an inflation objective above 2%, well, I guess they’d be disappointed,” he said.

“We’re going to deliver price stability in the U.S.,” Warsh said, adding that “the tactics, the strategy and the rest, that’s still to come.”

June FOMC minutes show Fed split on interest-rate outlook

The FOMC debated multiple scenarios June 16-17 on how the U.S. economy could evolve through the end of the year.

In a scenario featuring moderating inflation, “most” participants said they expected the central bank would “maintain or eventually lower the target range for the Federal Funds Rate.”

But “most” participants said that “some policy firming would likely be warranted” if inflation remains elevated.

What’s ahead for interest rates?

Following the July 7 release of the June FOMC meetings, the CME Group FedWatch Tool estimated there will be at least one 25 basis point rate hike this year with more potentially to come in 2027.

New York Fed President John Williams said July 7 that monetary policy was well positioned and that he expected Headline PCE, the Fed’s preferred inflation gauge that’s been hitting close to 4%, will dip over the next several months as energy prices stabilize.

Vinny Amaru, Global Investment Strategist at J.P. Morgan Wealth Management, told TheStreet in an email following the June jobs report on July 2 that the U.S. economy remains resilient overall.

“Slightly weaker payroll gains and mild wage growth reinforce our view that the Fed will remain on hold this year as neither signal the need to hike interest rates to cool an overheating labor market,” Amaru said.

This story was originally published by TheStreet on Jul 9, 2026, where it first appeared in the Fed section. Add TheStreet as a Preferred Source by clicking here.

Source link

Blue Origin Raises $10 Billion at a $130 Billion Valuation

moneyvests

July 10, 2026

Blue Origin Raises $10 Billion at a $130 Billion Valuation – Moby

BREAKING NEWS

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here.

Welcome to the new space race. Except this time, it’s capitalism on both sides, as Jeff Bezos puts Elon Musk in his sights.

Bezos’ rocket company, Blue Origin, is raising $10 billion at a whopping $130 billion valuation, reports CNBC. Bezos will personally plow $2 billion into the deal. Another $4 billion will come from Coatue, and the company is actively seeking investors to fill the rest of the round.

Blue Origin likely needs the money. One of its New Glenn rockets exploded during a test in Florida in May, and the company has an aggressive goal to return to flight by the end of this year.

The deal comes at a hot time for space tech. Musk’s SpaceX went public in June, raising $86 billion in the largest public offering to date. The stock launched up to $225 per share before gravity pulled it back down to $148. Still, the company boasts a near-$2 trillion valuation, larger than South Korea’s GDP.

One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

Rocket Lab also recently acquired Iridium Communications, a satellite communications provider, in an $8 billion deal. It’s a bet that the newly combined company can chew into some of Starlink’s dominance.

While serious investors are pouring big money into space tech, like any other emerging sector, it’s still an open question how these companies are going to turn those investments into profit.

SpaceX’s wobbly ride since the IPO might be a harbinger: euphoria as shares break the atmosphere and enter orbit, only for gravity, or rather reality, to take over.

Source link

1...278279280...555 Page 279 of 555

David Zaslav, President and CEO of Warner Bros. Discovery, waves at the camera

Jerry Yang, former CEO of Yahoo, arrives at the conference

Mary Barra, CEO of General Motors, walks past reporters after arriving

Bret Taylor, chairman of OpenAI, arrives at the Sun Valley Lodge

Neal Mohan, CEO of YouTube, walks with a hot drink in hand

Bob Iger, former CEO of The Walt Disney Company, arrives at the annual gathering

Ted Sarandos, co-CEO of Netflix, checks into the lodge

Ken Langone, cofounder of Home Depot, is greeted by Zaslav upon arrival

Barry Diller, chairman and senior executive of IAC, arrives on a bike

Rob Manfred, MLB Commissioner, steps out of a van

John Henry, principal owner of Fenway Sports Group, heads into the lodge

Kevin Warsh, chair of the Federal Reserve, arrives in a suit

Uber CEO Dara Khosrowshahi is seen chatting with Wendi Murdoch, former wife of Rupert Murdoch

Alex Karp, CEO of Palantir Technologies, flashes a peace sign

Josh D’Amaro, CEO of Disney, is seen chatting with Michael Kives, cofounder and managing partner of K5 Global

Tim Cook, CEO of Apple, is seen walking with John Ternus, incoming CEO of Apple

Sam Altman, CEO of OpenAI, waves as he walks into the conference

Andy Jassy, CEO of Amazon, with his wife Elena

Sheryl Sandberg, former COO of Meta

Reid Hoffman, cofounder of LinkedIn, arrives at the conference

Joshua Kushner attended with his wife, Karlie Kloss

Bill Gates, cofounder of Microsoft, rides in a golf cart with girlfriend Paula Hurd

Jeff Bezos, executive chairman of Amazon, attends the conference with his wife, Lauren Sánchez Bezos

Mark Zuckerberg, CEO of Meta, is seen walking with Dina Powell McCormick, a former US Deputy national security advisor, and two Meta executives

Bari Weiss, editor in chief of CBS News, is seen on the phone outside the Sun Valley lodge

Jared Kushner, CEO of Affinity Partners, is seen attending with his wife, Ivanka Trump

Downside fears begin to ease

Distribution remains a market headwind

Final Summary

Fed’s dual mandate requires a tricky dance

Fed holds interest rates steady thus far this year

Warsh says inflation risk is dropping

June FOMC minutes show Fed split on interest-rate outlook

What’s ahead for interest rates?

BREAKING NEWS

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

ABOUT US

FOLLOW US