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1. Mag 7 Deliver on Earnings Growth

Mag 7 EPS growth. The Mag 7 reported YoY earnings growth of 27.7% in Q1, nearly 3x that of the Other 493.

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2. U.S. vs. China AI Investment

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3. 10 Million Driverless Rides

Prime number: 10 million driverless rides (Morning Brew)

Now that Uber and its ilk have made the luxury of a personal driver like Miss Daisy’s available to the masses, the next big thing is starting to gain popularity: not having a driver at all.

Alphabet-owned Waymo recently surpassed 10 million paid driverless rides, and is poised to see 20+ million by the end of the year, the Wall Street Journal reports. And that’s with the self-driving taxis only available in a handful of cities, including tech’s spiritual home of San Francisco. Its rise has been rapid as people in those cities stopped seeing cars with no one in the driver’s seat as a threat and started seeing them as a convenient way to get around. Per the WSJ:

There were 1 million paid Waymo rides as of 2023, and 5 million by the end of 2024.

People were paying for 10,000 Waymo rides per week in August 2023. From there, the number grew from 50,000 per week in May 2024 to 100,000 per week in August of that year. It now sits at more than 250,000 per week.

That means riders beyond early adopters are now willing to hop in a driverless cab. A recent viral post on X suggested that data firm YipitData showed Waymo going from 0% to 27% of San Francisco ride shares between August 2024 and April 2025. Bloomberg reported in April that the same data firm found 20% of Uber rides in Austin during the last week in March were Waymo rides, just weeks after a partnership between the two companies rolled out there.

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4. The Democratic Republic of Congo Produces 76% of World Cobalt

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5. Real Estate Friday

Softness is Creeping into Housing Market

Office Delinquency Rate Spikes Back to New Highs

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6. Wages for Workers Have Outperformed Inflation for 24 Consecutive Months

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8. How Many American Households Have $1m Net Worth?

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9. Retail Investors Did Not Panic in 2025 Sell Off…..401(k) savers stayed on course through market volatility, Fidelity found

Retirement savers reached an average savings rate of 14.3% in the first quarter, a new record.

Via Yahoo!Finance: Retirement savers weathered a chaotic stretch of market gyrations in the first three months of the year, consistently adding to their savings, according to Fidelity Investments’ quarterly analysis.

While they experienced a drop in average 401(k), 403(b), and IRA balances, mostly due to market swings, savings rates remained consistent, with the average 401(k) savings rate increasing to a record 14.3%.

“We saw a lot of positive savings behaviors among employees,” Mike Shamrell, vice president of workplace thought leadership at Fidelity Investments, told Yahoo Finance.

“It was really encouraging to see that despite a lot of things going on, and economic ups and downs, people continued to save and didn’t pull back, or make a lot of changes to their asset allocation,” he said. “As a result, we saw the individual 401(k) savings rate increase to the highest level that we've seen.”

To break it down, the average employee contribution rate was 9.5%, and the employer contribution rate was 4.8%. This combined savings rate of 14.3%, up from 13.5% in 2020, is the closest it's ever been to Fidelity's suggested savings rate of 15%.

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10. Send to Your Kids

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