Ray Douglas
@raydouglas.bsky.social
Journalist at @financialtimes.com Formerly @thetimes.com and The Sunday Times | Editor, writer and occasional coder | Markets and tech | Views my own
🌐 http://raydouglas.co.uk
🌐 http://raydouglas.co.uk
Reposted by Ray Douglas
“.. With the vacancy-to-unemployed ratio now below 1.0, bargaining power is again shifting back to capital and away from workers. .. This is a marked contrast with an overall economy that is running hot.”
@elerianm.bsky.social
www.ft.com/content/298a...
@elerianm.bsky.social
www.ft.com/content/298a...
February 16, 2026 at 1:45 PM
“.. With the vacancy-to-unemployed ratio now below 1.0, bargaining power is again shifting back to capital and away from workers. .. This is a marked contrast with an overall economy that is running hot.”
@elerianm.bsky.social
www.ft.com/content/298a...
@elerianm.bsky.social
www.ft.com/content/298a...
🇩🇪 One could be forgiven for thinking Olympic luge exists to hand out medals to Germany
Since 1964, more than 70% of luge golds have gone to German athletes
Utter dominance
#Olympics #WinterOlympics #MilanoCortina
Since 1964, more than 70% of luge golds have gone to German athletes
Utter dominance
#Olympics #WinterOlympics #MilanoCortina
February 13, 2026 at 8:22 PM
🇩🇪 One could be forgiven for thinking Olympic luge exists to hand out medals to Germany
Since 1964, more than 70% of luge golds have gone to German athletes
Utter dominance
#Olympics #WinterOlympics #MilanoCortina
Since 1964, more than 70% of luge golds have gone to German athletes
Utter dominance
#Olympics #WinterOlympics #MilanoCortina
🇺🇸 US stocks fall sharply as the tech sell-off resumes
If it feels like Wall Street has been lurching from calm to panic in recent weeks, you’re not imagining it. The Vix, the so-called “fear gauge”, has spiked several times this year
FT: www.ft.com/content/513d...
If it feels like Wall Street has been lurching from calm to panic in recent weeks, you’re not imagining it. The Vix, the so-called “fear gauge”, has spiked several times this year
FT: www.ft.com/content/513d...
February 12, 2026 at 6:37 PM
🇺🇸 US stocks fall sharply as the tech sell-off resumes
If it feels like Wall Street has been lurching from calm to panic in recent weeks, you’re not imagining it. The Vix, the so-called “fear gauge”, has spiked several times this year
FT: www.ft.com/content/513d...
If it feels like Wall Street has been lurching from calm to panic in recent weeks, you’re not imagining it. The Vix, the so-called “fear gauge”, has spiked several times this year
FT: www.ft.com/content/513d...
Reposted by Ray Douglas
“Credit markets have increasingly exhibited bubble‑like behaviour"
A sweeping, undiscriminating rally in corporate bonds has pushed the compensation for taking extra credit risk to historic low...
Story with Michelle Chan, Euan Healy. Charts from @raydouglas.bsky.social
www.ft.com/content/e87f...
A sweeping, undiscriminating rally in corporate bonds has pushed the compensation for taking extra credit risk to historic low...
Story with Michelle Chan, Euan Healy. Charts from @raydouglas.bsky.social
www.ft.com/content/e87f...
February 12, 2026 at 4:53 PM
“Credit markets have increasingly exhibited bubble‑like behaviour"
A sweeping, undiscriminating rally in corporate bonds has pushed the compensation for taking extra credit risk to historic low...
Story with Michelle Chan, Euan Healy. Charts from @raydouglas.bsky.social
www.ft.com/content/e87f...
A sweeping, undiscriminating rally in corporate bonds has pushed the compensation for taking extra credit risk to historic low...
Story with Michelle Chan, Euan Healy. Charts from @raydouglas.bsky.social
www.ft.com/content/e87f...
🇺🇸 The US created virtually no jobs in 2025
After revisions to November and December, the economy added just 181,000 jobs for the year -- the weakest total outside a recession since 2003
FT www.ft.com/content/a369...
#nonfarms #USjobs #nonfarmpayrolls #USemployment
After revisions to November and December, the economy added just 181,000 jobs for the year -- the weakest total outside a recession since 2003
FT www.ft.com/content/a369...
#nonfarms #USjobs #nonfarmpayrolls #USemployment
February 11, 2026 at 3:43 PM
🇺🇸 The US created virtually no jobs in 2025
After revisions to November and December, the economy added just 181,000 jobs for the year -- the weakest total outside a recession since 2003
FT www.ft.com/content/a369...
#nonfarms #USjobs #nonfarmpayrolls #USemployment
After revisions to November and December, the economy added just 181,000 jobs for the year -- the weakest total outside a recession since 2003
FT www.ft.com/content/a369...
#nonfarms #USjobs #nonfarmpayrolls #USemployment
🇺🇸 🎬 Activist investor Ancora has built a $200mn stake in Warner Bros. Discovery and is planning to oppose Warner’s proposed deal with Netflix
WSJ www.wsj.com/business/dea...
WSJ www.wsj.com/business/dea...
February 11, 2026 at 1:12 AM
🇺🇸 🎬 Activist investor Ancora has built a $200mn stake in Warner Bros. Discovery and is planning to oppose Warner’s proposed deal with Netflix
WSJ www.wsj.com/business/dea...
WSJ www.wsj.com/business/dea...
⛸️ As I watched Ilia Malinin at the Olympics, Blades of Glory springs to mind …
February 10, 2026 at 10:01 PM
⛸️ As I watched Ilia Malinin at the Olympics, Blades of Glory springs to mind …
What the f**ck happened @minkfossa.bsky.social? ⚽ 🤯
February 8, 2026 at 6:30 PM
What the f**ck happened @minkfossa.bsky.social? ⚽ 🤯
🇺🇸 Washington is funding a "crusade to save Europe"
The US State Dept is deploying a fund to Maga-aligned think-tanks to challenge "tyrannical" UK safety laws and EU tech regulations
DC, it seems, is now funding the opposition of its own closest allies 🤔
FT: www.ft.com/content/f869...
The US State Dept is deploying a fund to Maga-aligned think-tanks to challenge "tyrannical" UK safety laws and EU tech regulations
DC, it seems, is now funding the opposition of its own closest allies 🤔
FT: www.ft.com/content/f869...
US government to fund Maga-aligned think-tanks and charities in Europe
State department grants to spread ‘American values’ are part of Washington’s 250th anniversary celebrations
www.ft.com
February 6, 2026 at 11:13 AM
🇺🇸 Washington is funding a "crusade to save Europe"
The US State Dept is deploying a fund to Maga-aligned think-tanks to challenge "tyrannical" UK safety laws and EU tech regulations
DC, it seems, is now funding the opposition of its own closest allies 🤔
FT: www.ft.com/content/f869...
The US State Dept is deploying a fund to Maga-aligned think-tanks to challenge "tyrannical" UK safety laws and EU tech regulations
DC, it seems, is now funding the opposition of its own closest allies 🤔
FT: www.ft.com/content/f869...
🇺🇸 🎬 The new #Melania documentary has divided opinion, creating a very odd star-rating distribution on IMDb -- 87% of users rated it 1 star while a not insignificant 9% gave it a perfect 10
Southern females over 55 made up 72% of the opening-day audience, notes HR
IMDb www.imdb.com/title/tt3529...
Southern females over 55 made up 72% of the opening-day audience, notes HR
IMDb www.imdb.com/title/tt3529...
February 5, 2026 at 2:23 AM
🇺🇸 🎬 The new #Melania documentary has divided opinion, creating a very odd star-rating distribution on IMDb -- 87% of users rated it 1 star while a not insignificant 9% gave it a perfect 10
Southern females over 55 made up 72% of the opening-day audience, notes HR
IMDb www.imdb.com/title/tt3529...
Southern females over 55 made up 72% of the opening-day audience, notes HR
IMDb www.imdb.com/title/tt3529...
💰 Bitcoin slides to its lowest level since the April tariff shock
That matters because the fortunes of crypto-heavy buyers like Strategy (formerly MicroStrategy) are tightly bound to bitcoin’s price
If the sell off continues, Monday's open is going to be interesting...
#BTC #bitcoin #crypto
That matters because the fortunes of crypto-heavy buyers like Strategy (formerly MicroStrategy) are tightly bound to bitcoin’s price
If the sell off continues, Monday's open is going to be interesting...
#BTC #bitcoin #crypto
January 31, 2026 at 7:05 PM
🇺🇸 Tesla trims car line-up in pivot to AI as annual revenue falls for first time
Tesla said it will scrap its Model S and X vehicles and invest $2bn into Elon Musk’s xAI as the company shifts focus from cars to AI and robotics
FT www.ft.com/content/78d5...
Tesla said it will scrap its Model S and X vehicles and invest $2bn into Elon Musk’s xAI as the company shifts focus from cars to AI and robotics
FT www.ft.com/content/78d5...
January 29, 2026 at 3:05 AM
🇺🇸 Tesla trims car line-up in pivot to AI as annual revenue falls for first time
Tesla said it will scrap its Model S and X vehicles and invest $2bn into Elon Musk’s xAI as the company shifts focus from cars to AI and robotics
FT www.ft.com/content/78d5...
Tesla said it will scrap its Model S and X vehicles and invest $2bn into Elon Musk’s xAI as the company shifts focus from cars to AI and robotics
FT www.ft.com/content/78d5...
Reposted by Ray Douglas
Including charts from @raydouglas.bsky.social showing how the market has shifted to anticipate a higher-than-expected growth and inflation path as every policy lever is pulled
www.ft.com/content/8cbb...
www.ft.com/content/8cbb...
January 28, 2026 at 9:44 AM
Including charts from @raydouglas.bsky.social showing how the market has shifted to anticipate a higher-than-expected growth and inflation path as every policy lever is pulled
www.ft.com/content/8cbb...
www.ft.com/content/8cbb...
🇰🇷 Korean automakers slip after Trump threatens 25% tariffs on South Korea
Hyundai fell as much as 4.8% in early trading, but overall the reaction’s been pretty muted. It appears that Trump's pronouncements may no longer pack the same punch. Even the Kospi index is up
FT www.ft.com/content/9982...
Hyundai fell as much as 4.8% in early trading, but overall the reaction’s been pretty muted. It appears that Trump's pronouncements may no longer pack the same punch. Even the Kospi index is up
FT www.ft.com/content/9982...
January 27, 2026 at 1:40 AM
🇰🇷 Korean automakers slip after Trump threatens 25% tariffs on South Korea
Hyundai fell as much as 4.8% in early trading, but overall the reaction’s been pretty muted. It appears that Trump's pronouncements may no longer pack the same punch. Even the Kospi index is up
FT www.ft.com/content/9982...
Hyundai fell as much as 4.8% in early trading, but overall the reaction’s been pretty muted. It appears that Trump's pronouncements may no longer pack the same punch. Even the Kospi index is up
FT www.ft.com/content/9982...
🥇 Gold hits $5,000 for the first time, touching $5,050 in early trading
The surge follows heightened geopolitical tensions last week, propelling the haven asset to a weekly gain of more than 8% -- its biggest weekly jump since 2008
#Gold #Markets #Geopolitics
The surge follows heightened geopolitical tensions last week, propelling the haven asset to a weekly gain of more than 8% -- its biggest weekly jump since 2008
#Gold #Markets #Geopolitics
January 26, 2026 at 12:50 AM
🥇 Gold hits $5,000 for the first time, touching $5,050 in early trading
The surge follows heightened geopolitical tensions last week, propelling the haven asset to a weekly gain of more than 8% -- its biggest weekly jump since 2008
#Gold #Markets #Geopolitics
The surge follows heightened geopolitical tensions last week, propelling the haven asset to a weekly gain of more than 8% -- its biggest weekly jump since 2008
#Gold #Markets #Geopolitics
Reposted by Ray Douglas
Memory chipmakers are the new hot stocks in the AI trade as the Mag 7 rally fizzles
Supply shortages have unleashed "eyewatering" gains for the once unsexy sector — and billions in profits for some hedge funds
Read here: as.ft.com/r/fabb2746-3...
with @tim.fo, charts by @raydouglas.bsky.social
Supply shortages have unleashed "eyewatering" gains for the once unsexy sector — and billions in profits for some hedge funds
Read here: as.ft.com/r/fabb2746-3...
with @tim.fo, charts by @raydouglas.bsky.social
January 25, 2026 at 12:29 PM
Memory chipmakers are the new hot stocks in the AI trade as the Mag 7 rally fizzles
Supply shortages have unleashed "eyewatering" gains for the once unsexy sector — and billions in profits for some hedge funds
Read here: as.ft.com/r/fabb2746-3...
with @tim.fo, charts by @raydouglas.bsky.social
Supply shortages have unleashed "eyewatering" gains for the once unsexy sector — and billions in profits for some hedge funds
Read here: as.ft.com/r/fabb2746-3...
with @tim.fo, charts by @raydouglas.bsky.social
🇺🇸 Democrats threaten government shutdown after Minneapolis killing
Such a move could possibly delay closely-watch data releases, such as those published by the Bureau of Labour Statistics
Such a move could possibly delay closely-watch data releases, such as those published by the Bureau of Labour Statistics
January 25, 2026 at 3:24 AM
🇺🇸 Democrats threaten government shutdown after Minneapolis killing
Such a move could possibly delay closely-watch data releases, such as those published by the Bureau of Labour Statistics
Such a move could possibly delay closely-watch data releases, such as those published by the Bureau of Labour Statistics
🇺🇸🇨🇦 Here we go again…
Trump threatens Canada with 100% tariffs after Carney agreed with China to lift trade barriers on EVs and canola 🥱
Trump threatens Canada with 100% tariffs after Carney agreed with China to lift trade barriers on EVs and canola 🥱
January 24, 2026 at 2:32 PM
🇺🇸🇨🇦 Here we go again…
Trump threatens Canada with 100% tariffs after Carney agreed with China to lift trade barriers on EVs and canola 🥱
Trump threatens Canada with 100% tariffs after Carney agreed with China to lift trade barriers on EVs and canola 🥱
Reposted by Ray Douglas
The Taco trade has eaten itself - Long View column by @katie0martin.ft.com. Graph by @raydouglas.bsky.social www.ft.com/content/5c1a...
January 23, 2026 at 6:28 PM
The Taco trade has eaten itself - Long View column by @katie0martin.ft.com. Graph by @raydouglas.bsky.social www.ft.com/content/5c1a...
Reposted by Ray Douglas
The "buy gold" people have their day in the sun as US policy rattles the dollar. Data viz by @raydouglas.bsky.social
www.ft.com/content/6d7a...
www.ft.com/content/6d7a...
January 23, 2026 at 3:04 PM
The "buy gold" people have their day in the sun as US policy rattles the dollar. Data viz by @raydouglas.bsky.social
www.ft.com/content/6d7a...
www.ft.com/content/6d7a...
🇺🇸 🇪🇺 Trump drops European tariff threat as he touts ‘future’ Greenland deal
This, one hopes, is a good thing 🤞
FT www.ft.com/content/1369...
This, one hopes, is a good thing 🤞
FT www.ft.com/content/1369...
January 21, 2026 at 7:58 PM
🇺🇸 🇪🇺 Trump drops European tariff threat as he touts ‘future’ Greenland deal
This, one hopes, is a good thing 🤞
FT www.ft.com/content/1369...
This, one hopes, is a good thing 🤞
FT www.ft.com/content/1369...
🇩🇰 🇸🇪 🇫🇮 This is a fairly calibrated response from Scandinavian investors to Trump's threats of tariffs over Greenland
The falls across these indices are modest, notes @rachel-rees.bsky.social and Emily Herbert
FT www.ft.com/content/8d2b...
The falls across these indices are modest, notes @rachel-rees.bsky.social and Emily Herbert
FT www.ft.com/content/8d2b...
January 19, 2026 at 12:40 PM
🇩🇰 🇸🇪 🇫🇮 This is a fairly calibrated response from Scandinavian investors to Trump's threats of tariffs over Greenland
The falls across these indices are modest, notes @rachel-rees.bsky.social and Emily Herbert
FT www.ft.com/content/8d2b...
The falls across these indices are modest, notes @rachel-rees.bsky.social and Emily Herbert
FT www.ft.com/content/8d2b...
🇳🇴 Donald Trump links Greenland pursuit to failure to win Nobel Prize
This is what he told Norway's prime minister...
FT www.ft.com/content/ff64...
This is what he told Norway's prime minister...
FT www.ft.com/content/ff64...
January 19, 2026 at 11:43 AM
🇳🇴 Donald Trump links Greenland pursuit to failure to win Nobel Prize
This is what he told Norway's prime minister...
FT www.ft.com/content/ff64...
This is what he told Norway's prime minister...
FT www.ft.com/content/ff64...