GM indefinitely delays Cruise Origin autonomous vehicle President Joe Biden announced Sunday that he's leaving the 2024 presidential race, quitting his re-election bid against former President Donald Trump after weeks of pressure from his own party to drop out. He endorsed his vice president, Kamala Harris, as the Democratic Party's nominee. "While it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term," Biden wrote in a post on social media, adding that he'll address the nation later this week. Harris, 59, saw a surge in fundraising money from big Democratic donors after the announcement, according to people familiar with the matter. Harris has several next steps to take before the general election: She has to select a running mate, secure a majority of delegates and win over the support of Biden's allies and undecided voters. Follow live updates. 3. Tech time It's time for Big Tech earnings. Google-parent Alphabet and Tesla are set to report this week, along with more than 100 other S&P 500 companies. Meanwhile, airlines will keep moving down the runway, as Southwest Air and American Airlines are due to report on Thursday. General Motors and Ford are also on deck. Here are the big earnings to watch this week: Monday: Verizon (before the bell)