Ray Douglas
@raydouglas.bsky.social
6.7K followers 370 following 610 posts
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
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raydouglas.bsky.social
That resembles Foyles when I was a kid
Reposted by Ray Douglas
iankmsmith.ft.com
“I thought it was important to have something that physically exists, something you can actually hold in your hands"

We dig into one of the markets stories of the year: gold mania
www.ft.com/content/3401...

Story by me, Leslie Hook, Harry Dempsey, data visualisation by @raydouglas.bsky.social
raydouglas.bsky.social
🇺🇸 OpenAI extends chip spending spree with multibillion-dollar Broadcom deal

Deal could cost up to $500bn on top of start-up’s $1tn pledge for semiconductors and data centres

Yet another circular AI deal...

FT www.ft.com/content/bdaf...
raydouglas.bsky.social
🇺🇸 Broadcom up more than 12% pre-market

OPENAI AND BROADCOM FORGE MULTIBILLION-DOLLAR CHIP DEVELOPMENT DEAL
raydouglas.bsky.social
🇺🇸 Cutting staff from the Centers for Disease Control & Prevention in the middle of a public health crisis? 🤔

More than 1,000 CDC workers got layoff notices, just as the US faces its worst measles outbreak in decades. Some notices are now called ‘errors’

WaPo www.washingtonpost.com/health/2025/...
raydouglas.bsky.social
🇳🇴 Nobel Institute probes leak of peace prize winner’s name

The Nobel committee is supposedly super secret, a bastion of confidentiality and yet... 🤔

FT www.ft.com/content/afc7...
raydouglas.bsky.social
🇺🇸 US stocks fall after Trump threatens ‘massive’ tariffs on China

President signals he may cancel planned meeting with Xi Jinping over critical minerals dispute

FT www.ft.com/content/328e...
raydouglas.bsky.social
🇪🇺 🇺🇸 US demands EU dismantle green regulations in threat to trade deal

Washington wants American companies to be exempted from rules such as having to draw up climate transition plans

FT www.ft.com/content/678f...
raydouglas.bsky.social
🇪🇺 Pressure mounts on Belgium to unlock Russia’s frozen assets for Ukraine, reports @henryjfoy.ft.com

Brussels holds €190bn via Euroclear, but PM Bart De Wever wants other EU countries to share the legal and financial risk of turning €140bn into a "reparations loan"

FT www.ft.com/content/6c2d...
EU pressure builds on Belgium to allow use of Russia’s frozen assets
Belgian Prime Minister Bart De Wever insists other capitals should cover financial and legal risks of €140bn loan
www.ft.com
raydouglas.bsky.social
🇪🇺 🇺🇸 Trump administration issues new "maximalist" demands for EU trade deal, reports @albertonardelli.bsky.social

"EU officials view the requests as maximalist and the concessions as significant... "

Bloomberg www.bloomberg.com/news/article...
raydouglas.bsky.social
🔶 Gold price tops $4,000 for first time 🔶

The precious metal has soared more than 50% this year, driven by central banks buying bullion to diversify away from the dollar, as well as by investors who see gold as a hedge against inflation and widespread uncertainty

FT www.ft.com/content/ed7f...
raydouglas.bsky.social
Always thought this was a peculiar sponsorship deal (to put it mildly). Kagame has been president for around 25 years
raydouglas.bsky.social
🇺🇸 AMD soars on OpenAI deal

Chipmaker AMD surged after signing a deal with OpenAI for infrastructure that could generate billions of dollars in new revenue

Deal comes just a fortnight after AMD’s rival, Nvidia, announced plans to invest $100bn in OpenAI

FT www.ft.com/content/bfaf...
Reposted by Ray Douglas
iankmsmith.ft.com
Comes after stellar run this year (cf chart by @raydouglas.bsky.social) and as people start to worry that inflating-away-our-massive-debts is the gameplan.

ETF flows have jumped and bankers say they are receiving a surge in calls from people wanting to take an allocation
www.ft.com/content/54dc...
Reposted by Ray Douglas
tonytassell.bsky.social
The AI capex endgame is approaching - the always excellent @ianrharnett.bsky.social here on the AI bubble and how it is likely to burst. This chart from @raydouglas.bsky.social in the column underlines the risks www.ft.com/content/c7b9...
raydouglas.bsky.social
🇺🇸 Trust in US media hits historic lows, across the political spectrum

◉ Just 8% of Republicans say they trust the media

◉ Only 27% of Independents agree

◉ Even among Democrats, trust has slipped to a narrow majority (51%)

#MediaTrust #Gallup #USPolitics
raydouglas.bsky.social
🇺🇸 US private sector sheds 32,000 jobs, according to ADP, confounding expectations for a gain of 50,000

It’s the sharpest drop since March 2023

With Friday’s nonfarm payrolls postponed, this is the clearest signal we’ve got on the state of the US labour market

FT www.ft.com/content/c86e...
Reposted by Ray Douglas
tonytassell.bsky.social
Not sure many people would have expected this amid trade wars etc - emerging markets are having one of their strongest years since 2010. Column here from Oliver Harvey of Deutsche Bank. Graph by @raydouglas.bsky.social www.ft.com/content/359c...
raydouglas.bsky.social
I presume Liverpool have scored?
raydouglas.bsky.social
It's clear a significant amount of effort, including heavy editing, went into crafting this post with the singular goal of pushing the idea that freedoms in the UK are under attack. Whoever did this has no conscience
raydouglas.bsky.social
Misleading X video post: 6 million views
Fact-checked rebuttal from West Midlands Police: 574,000 views
raydouglas.bsky.social
Dollar (blue), sterling (gray) and euro (red)