Markets Ignore the Looming Debt Peril https://ift.tt/U7Cbxzj

George Soros’s $25 billion nonprofit, Open Society Foundations, will cut its staff by about 40% while reorganizing various senior roles, according to a spokeswoman for the foundation. https://ift.tt/iqZKMyo

Consumers expect inflation to stay high over coming months but decline in the years ahead to levels closer to those seen before the pandemic, according to recent surveys likely to be welcomed by the Fed. https://ift.tt/TbhGOvC

Rivian said its electric-vehicle deliveries topped expectations in the recently completed quarter, sending its shares up 17.4% on Monday. https://ift.tt/RWO0lFQ

Chinese chip makers and suppliers, gathered in Shanghai for an industry event, were in a grim but defiant mood following a report that the U.S. plans to widen export controls targeting the industry. https://ift.tt/8zBD16T

China’s Services Sector Activity Growth Cooled in June https://ift.tt/38uFOHj

Oil Prices Mixed, WTI Gains as Brent Retreats https://ift.tt/0j3U6oF

Gold Edges Lower Amid Subdued Trading https://ift.tt/YZtjeRB

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It Isn’t Just Boomers. Lots of Older Americans Are Stock Obsessed. https://ift.tt/wPkl0Y6