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
🇺🇸 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...
🇺🇸 When in doubt, head to the havens...
Gold and silver have just leapt to record highs following Trump's tariff threats over Greenland. Spot gold hit a fresh all-time high of $4,689.39 while silver touched $94.08
Gold and silver have just leapt to record highs following Trump's tariff threats over Greenland. Spot gold hit a fresh all-time high of $4,689.39 while silver touched $94.08
January 19, 2026 at 1:53 AM
🇺🇸 When in doubt, head to the havens...
Gold and silver have just leapt to record highs following Trump's tariff threats over Greenland. Spot gold hit a fresh all-time high of $4,689.39 while silver touched $94.08
Gold and silver have just leapt to record highs following Trump's tariff threats over Greenland. Spot gold hit a fresh all-time high of $4,689.39 while silver touched $94.08
🇺🇸 The Trump administration is asking countries to contribute at least $1bn in order to secure a permanent spot on his new Board of Peace — a possible “alternative, or rival, to the UN, which [Trump] has long criticised”
Bloomberg www.bloomberg.com/news/article...
Bloomberg www.bloomberg.com/news/article...
Trump Wants Nations to Pay $1 Billion to Stay on His Peace Board
The Trump administration is asking countries that want a permanent spot on his new Board of Peace to contribute at least $1 billion.
www.bloomberg.com
January 17, 2026 at 11:38 PM
🇺🇸 The Trump administration is asking countries to contribute at least $1bn in order to secure a permanent spot on his new Board of Peace — a possible “alternative, or rival, to the UN, which [Trump] has long criticised”
Bloomberg www.bloomberg.com/news/article...
Bloomberg www.bloomberg.com/news/article...
Reposted by Ray Douglas
The top 10% now account for nearly half of all consumer spending.
January 16, 2026 at 4:11 PM
The top 10% now account for nearly half of all consumer spending.
🇪🇺🇺🇸 Trump to hit Europe with 10% tariffs until Greenland deal is agreed
“The new levies would apply to France, Germany, the UK, the Netherlands, Denmark, Norway, Sweden and Finland, and would rise to 25% in June”
FT www.ft.com/content/6055...
“The new levies would apply to France, Germany, the UK, the Netherlands, Denmark, Norway, Sweden and Finland, and would rise to 25% in June”
FT www.ft.com/content/6055...
January 17, 2026 at 5:32 PM
🇪🇺🇺🇸 Trump to hit Europe with 10% tariffs until Greenland deal is agreed
“The new levies would apply to France, Germany, the UK, the Netherlands, Denmark, Norway, Sweden and Finland, and would rise to 25% in June”
FT www.ft.com/content/6055...
“The new levies would apply to France, Germany, the UK, the Netherlands, Denmark, Norway, Sweden and Finland, and would rise to 25% in June”
FT www.ft.com/content/6055...
🇺🇸 Trump plans to sue JPMorgan, the largest US bank by assets, for “inappropriately debanking me after the January 6th protest…”
January 17, 2026 at 5:24 PM
🇺🇸 Trump plans to sue JPMorgan, the largest US bank by assets, for “inappropriately debanking me after the January 6th protest…”
🇺🇸 Kevin Warsh emerges as the bookies’ favourite for Fed chair after Trump plays down the chances of nominating Kevin Hassett
Warsh’s name now tops many lists as markets and strategists speculate on the next Fed leader
FT www.ft.com/content/ef71...
#FederalReserve #FedChair #Markets #Warsh
Warsh’s name now tops many lists as markets and strategists speculate on the next Fed leader
FT www.ft.com/content/ef71...
#FederalReserve #FedChair #Markets #Warsh
January 16, 2026 at 5:35 PM
🇺🇸 Kevin Warsh emerges as the bookies’ favourite for Fed chair after Trump plays down the chances of nominating Kevin Hassett
Warsh’s name now tops many lists as markets and strategists speculate on the next Fed leader
FT www.ft.com/content/ef71...
#FederalReserve #FedChair #Markets #Warsh
Warsh’s name now tops many lists as markets and strategists speculate on the next Fed leader
FT www.ft.com/content/ef71...
#FederalReserve #FedChair #Markets #Warsh
🇺🇸 Shares in US credit card issuers slide after Trump calls for a 10% rate cap
The US president proposed capping credit card interest rates at 10%, to take effect on Jan 20 and last one year
FT www.ft.com/content/5b1e...
#Markets #Credit #InterestRates #Trump
The US president proposed capping credit card interest rates at 10%, to take effect on Jan 20 and last one year
FT www.ft.com/content/5b1e...
#Markets #Credit #InterestRates #Trump
January 12, 2026 at 3:34 PM
🇺🇸 Shares in US credit card issuers slide after Trump calls for a 10% rate cap
The US president proposed capping credit card interest rates at 10%, to take effect on Jan 20 and last one year
FT www.ft.com/content/5b1e...
#Markets #Credit #InterestRates #Trump
The US president proposed capping credit card interest rates at 10%, to take effect on Jan 20 and last one year
FT www.ft.com/content/5b1e...
#Markets #Credit #InterestRates #Trump
🇺🇸 Haven asset gold hits a record high after US prosecutors launched a criminal investigation into Fed chair Jay Powell, stoking fresh concerns about central bank independence
FT as.ft.com/r/92f78904-b...
#Gold #FederalReserve #JayPowell #Markets
FT as.ft.com/r/92f78904-b...
#Gold #FederalReserve #JayPowell #Markets
January 12, 2026 at 11:40 AM
🇺🇸 Haven asset gold hits a record high after US prosecutors launched a criminal investigation into Fed chair Jay Powell, stoking fresh concerns about central bank independence
FT as.ft.com/r/92f78904-b...
#Gold #FederalReserve #JayPowell #Markets
FT as.ft.com/r/92f78904-b...
#Gold #FederalReserve #JayPowell #Markets
🇺🇸 2025 marked the weakest year for US job creation outside of a recession since 2003
Non-farm payroll growth slowed to a crawl in 2025, highlighting a sharp deceleration even without a formal downturn
#USEconomy #JobMarket #Payrolls #EmploymentData #LaborMarket #NonfarmPayrolls
Non-farm payroll growth slowed to a crawl in 2025, highlighting a sharp deceleration even without a formal downturn
#USEconomy #JobMarket #Payrolls #EmploymentData #LaborMarket #NonfarmPayrolls
January 10, 2026 at 6:55 PM
🇺🇸 2025 marked the weakest year for US job creation outside of a recession since 2003
Non-farm payroll growth slowed to a crawl in 2025, highlighting a sharp deceleration even without a formal downturn
#USEconomy #JobMarket #Payrolls #EmploymentData #LaborMarket #NonfarmPayrolls
Non-farm payroll growth slowed to a crawl in 2025, highlighting a sharp deceleration even without a formal downturn
#USEconomy #JobMarket #Payrolls #EmploymentData #LaborMarket #NonfarmPayrolls
🇺🇸 US economy undershoots expectations to add just 50,000 jobs in December
What's initially striking is the hefty revision to October's numbers, which have been revised down from -105,000 to -173,000
FT www.ft.com/content/026e...
#JobsReport #USEconomy #LabourMarket
What's initially striking is the hefty revision to October's numbers, which have been revised down from -105,000 to -173,000
FT www.ft.com/content/026e...
#JobsReport #USEconomy #LabourMarket
January 9, 2026 at 1:52 PM
🇺🇸 US economy undershoots expectations to add just 50,000 jobs in December
What's initially striking is the hefty revision to October's numbers, which have been revised down from -105,000 to -173,000
FT www.ft.com/content/026e...
#JobsReport #USEconomy #LabourMarket
What's initially striking is the hefty revision to October's numbers, which have been revised down from -105,000 to -173,000
FT www.ft.com/content/026e...
#JobsReport #USEconomy #LabourMarket
Reposted by Ray Douglas
UK gloom overdone - from a markets PoV anyway - says Caxton CEO >> Markets signal a brighter UK future after lost decade
www.ft.com/content/9217...
www.ft.com/content/9217...
January 9, 2026 at 8:55 AM
UK gloom overdone - from a markets PoV anyway - says Caxton CEO >> Markets signal a brighter UK future after lost decade
www.ft.com/content/9217...
www.ft.com/content/9217...
🇺🇸 Are we seeing the first real cracks in OpenAI’s dominance?
ChatGPT’s global traffic share just slipped below 65% for the first time in January, per Similarweb
There are also broader signs of weakness in the sector, with daily visits to AI tools falling back to late-summer levels
#AIBubble
ChatGPT’s global traffic share just slipped below 65% for the first time in January, per Similarweb
There are also broader signs of weakness in the sector, with daily visits to AI tools falling back to late-summer levels
#AIBubble
January 8, 2026 at 5:10 PM
🇺🇸 Are we seeing the first real cracks in OpenAI’s dominance?
ChatGPT’s global traffic share just slipped below 65% for the first time in January, per Similarweb
There are also broader signs of weakness in the sector, with daily visits to AI tools falling back to late-summer levels
#AIBubble
ChatGPT’s global traffic share just slipped below 65% for the first time in January, per Similarweb
There are also broader signs of weakness in the sector, with daily visits to AI tools falling back to late-summer levels
#AIBubble
🇻🇪 🇺🇸 One user on Polymarket made more than $400,000 betting that Maduro would be out by January 31, 2026, building a roughly $32,500 position while the contract was trading at around 7 cents
January 5, 2026 at 11:17 AM
🇻🇪 🇺🇸 One user on Polymarket made more than $400,000 betting that Maduro would be out by January 31, 2026, building a roughly $32,500 position while the contract was trading at around 7 cents