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Industry

Seagate CEO remarks on factory expansion time hit U.S. memory chip stocks

Shares of memory chip maker Seagate fell sharply on May 18 on worries it may not keep pace with memory demand from expanding AI investment. The selloff widened after CEO Dave Mosley said building new factories or installing new equipment would take too long, and that boosting capacity could slow the pace of growth in current technology. The weakness spread across memory stocks including Micron, SanDisk and Western Digital.

World

Global birth rates fall together; smartphones and social media may be a cause

Falling birth rates are spreading worldwide, and smartphones and social media are emerging as a key variable, a report said. More than two-thirds of countries are below the total fertility rate of 2.1 needed to maintain population. The decline is appearing in both advanced and developing countries, and researchers say economic conditions and housing costs alone cannot explain the simultaneous drop. Studies link earlier and steeper declines to regions where mobile internet spread quickly.

Crypto

Bitcoin slides below $77,000 as midterm-election-year May selloff pattern eyed

Bitcoin has slipped below $77,000, reviving debate over whether it will repeat sharp May declines seen in past U.S. midterm election years. Some analysts warn the 2018 and 2022 patterns could reappear, with key support levels at $78,000 and $76,000 and downside risks cited as far as $33,000. Others say spot ETF gains, corporate inflows and proposed U.S. legislation have broadened demand and reduced the odds of a similar selloff.