On the heels of the President’s announcement that he won’t seek re-election, assessing how history will remember the Biden economy. Plus, continued fallout from Friday’s CrowdStrike outage and global tech meltdown.
From the BBC World Service: After Joe Biden announced he’s dropping out of the presidential race, Kamala Harris has secured the backing of some of the Democrats’ biggest donors; so what are investors thinking?
New data out this week on retail sales, shipping rates and more offer a snapshot of the economy’s overall health. Plus, the knock-on economic effects of tariffs, and Shanghai becomes a hyper-competitive hub for cafes.
From the BBC World Service: Despite big profits for chipmakers, the prospect of further curbs on exports of semiconductor technology to China has prompted a major sell-off by investors.
