Kate Duguid
@kateduguid.bsky.social
I'm the US markets editor at the Financial Times
Reposted by Kate Duguid
Very good piece on the quite fast rollout of "AI-powered" textbooks in South Korea. The government went from making the textbooks mandatory to supplementary because of complaints and now the textbook companies are suing because "the market suddenly disappear[ed]."
restofworld.org/2025/south-k...
restofworld.org/2025/south-k...
AI-powered textbooks fail to make the grade in South Korea
South Korea’s AI learning program was rolled back after just four months following a backlash from teachers, students, and parents, underlining the challenges in embedding the technology in education.
restofworld.org
November 30, 2025 at 7:46 PM
Very good piece on the quite fast rollout of "AI-powered" textbooks in South Korea. The government went from making the textbooks mandatory to supplementary because of complaints and now the textbook companies are suing because "the market suddenly disappear[ed]."
restofworld.org/2025/south-k...
restofworld.org/2025/south-k...
Reposted by Kate Duguid
Dimon practicing some risk management here is a big tell.
Dimon on why JPMorgan Chase is not funding WH Ballroom:
We have an issue, which is anything we do, since we do a lot of contracts with governments here and around the world, we have to be very careful how anything is perceived, and also how the next DOJ is going to deal with it.
We have an issue, which is anything we do, since we do a lot of contracts with governments here and around the world, we have to be very careful how anything is perceived, and also how the next DOJ is going to deal with it.
November 29, 2025 at 7:59 PM
Dimon practicing some risk management here is a big tell.
Reposted by Kate Duguid
big late breaking news: the market monitor for the largest energy grid in the u.s., covering much of the midwest and mid-atlantic, has called to block new data centers connections to the grid, saying current course of growth assures regular blackouts
No more PJM data centers unless they can be reliably served: market monitor
The PJM Interconnection’s market monitor urged the Federal Energy Regulatory Commission to rule that large data centers can only come online if the grid operator can still meet reliability metrics.
www.utilitydive.com
November 27, 2025 at 1:17 AM
big late breaking news: the market monitor for the largest energy grid in the u.s., covering much of the midwest and mid-atlantic, has called to block new data centers connections to the grid, saying current course of growth assures regular blackouts
Reposted by Kate Duguid
Pope Leo XIV told students not to use artificial intelligence for homework, saying that AI ‘won’t stand in authentic wonder before the beauty of God’s creation.’
Even God Is Worried About ChatGPT
Pope Leo XIV told students not to use artificial intelligence for homework, saying that AI ‘won’t stand in authentic wonder before the beauty of God’s creation.’
www.vulture.com
November 26, 2025 at 3:10 PM
Pope Leo XIV told students not to use artificial intelligence for homework, saying that AI ‘won’t stand in authentic wonder before the beauty of God’s creation.’
Reposted by Kate Duguid
The Office for Budget Responsibility has undermined claims made by government officials that they decided to U-turn on plans to raise income tax because they received an improved fiscal forecast from the watchdog
via our FT Budget live blog:
www.ft.com/content/d0a5...
via our FT Budget live blog:
www.ft.com/content/d0a5...
UK Budget 2025: Reeves raises taxes by £26bn
Investors taken by surprise as fiscal watchdog publishes data prematurely
www.ft.com
November 26, 2025 at 1:25 PM
The Office for Budget Responsibility has undermined claims made by government officials that they decided to U-turn on plans to raise income tax because they received an improved fiscal forecast from the watchdog
via our FT Budget live blog:
www.ft.com/content/d0a5...
via our FT Budget live blog:
www.ft.com/content/d0a5...
Limiting warming to 1.5 degrees is now all but impossible. A smart piece on the likelihood of making that “overshoot” temporary heatmap.news/climate/cop-...
The Next COP Needs to Confront ‘Overshoot’
The Paris Agreement goal of limiting warming to 1.5 degrees Celsius is now all but impossible. Limiting — and eventually reversing — the damage will take some thought.
heatmap.news
November 25, 2025 at 12:12 PM
Limiting warming to 1.5 degrees is now all but impossible. A smart piece on the likelihood of making that “overshoot” temporary heatmap.news/climate/cop-...
Reposted by Kate Duguid
Despite all the talk of market bubbles, Miran's old shop has put out a call for the S&P500 to triple. Because MAGA. on.ft.com/4rpFNVp
Maybe the S&P 500 will triple?
Stephen Miran’s old shop reckons that stocks are ‘not even close’ to a bubble
on.ft.com
November 24, 2025 at 1:52 PM
Despite all the talk of market bubbles, Miran's old shop has put out a call for the S&P500 to triple. Because MAGA. on.ft.com/4rpFNVp
“I don’t know who, really, she thinks I am, and whether she will feel or remember, when I am gone, that I am her mother.” www.newyorker.com/culture/the-...
A Battle with My Blood
When I was diagnosed with leukemia, my first thought was that this couldn’t be happening to me, to my family.
www.newyorker.com
November 23, 2025 at 12:25 AM
“I don’t know who, really, she thinks I am, and whether she will feel or remember, when I am gone, that I am her mother.” www.newyorker.com/culture/the-...
New Yorkers unite against Con Edison; stock falls
Power exchange
www.ft.com
November 21, 2025 at 9:58 PM
works again today
November 21, 2025 at 4:04 PM
works again today
Big warning from Vanguard's bonds boss Sara Devereux: the market is pricing in way too many Fed cuts www.ft.com/content/22b5...
Wall Street is banking on too many Federal Reserve rate cuts, Vanguard warns
Asset management giant’s bond chief says ‘massive’ spending on AI will bolster the US economy
www.ft.com
November 21, 2025 at 2:50 PM
Big warning from Vanguard's bonds boss Sara Devereux: the market is pricing in way too many Fed cuts www.ft.com/content/22b5...
Reposted by Kate Duguid
Timely interview from @kateduguid.bsky.social of Vanguard's fixed income head
"The market is over-relying on [expected rate cuts]"
www.ft.com/content/22b5...
"The market is over-relying on [expected rate cuts]"
www.ft.com/content/22b5...
Wall Street is banking on too many Federal Reserve rate cuts, Vanguard warns
Asset management giant’s bond chief says ‘massive’ spending on AI will bolster the US economy
www.ft.com
November 21, 2025 at 11:19 AM
Timely interview from @kateduguid.bsky.social of Vanguard's fixed income head
"The market is over-relying on [expected rate cuts]"
www.ft.com/content/22b5...
"The market is over-relying on [expected rate cuts]"
www.ft.com/content/22b5...
maybe big dealers can use the SRF just so I don't have to keep talking about Canadian year-end
November 20, 2025 at 3:28 PM
maybe big dealers can use the SRF just so I don't have to keep talking about Canadian year-end
“Mr. Ackman’s pivot to dating coach is the latest swerve in a career that has included helping to fund President Trump’s third campaign, crusading against Harvard’s former president Claudine Gay and competing in a professional tennis tournament.” www.nytimes.com/2025/11/20/s...
Trouble Dating? Bill Ackman Is Here to Help.
www.nytimes.com
November 20, 2025 at 2:58 PM
“Mr. Ackman’s pivot to dating coach is the latest swerve in a career that has included helping to fund President Trump’s third campaign, crusading against Harvard’s former president Claudine Gay and competing in a professional tennis tournament.” www.nytimes.com/2025/11/20/s...
“He tells clients that they need to separate trading performance from their view of their self-worth.” www.wsj.com/finance/inve...
Hedge Funds Call This Psychologist When Their Traders Start Losing
Dave Popple is tasked with finding who can cut it for hypercompetitive multimanager funds.
www.wsj.com
November 20, 2025 at 12:30 AM
“He tells clients that they need to separate trading performance from their view of their self-worth.” www.wsj.com/finance/inve...
"Gloo hopes to pull the Christian faith into the digital age by using “values-aligned” generative AI to distribute content and sell marketing services to ministries and community outreach groups." Another banger from George: www.ft.com/content/e567...
Christian tech group tests investors’ faith in AI deals on Wall St debut
Shares in company backed by former Intel chief Pat Gelsinger waver after scaled-back IPO
www.ft.com
November 19, 2025 at 8:05 PM
"Gloo hopes to pull the Christian faith into the digital age by using “values-aligned” generative AI to distribute content and sell marketing services to ministries and community outreach groups." Another banger from George: www.ft.com/content/e567...
”Google Trends is handy for retrofitting data around an argument. What it’s not is a reliable or even methodologically consistent predictor of future performance”
www.ft.com/content/f872...
www.ft.com/content/f872...
Chart crimes revisited: the ‘AI bubble’ bubble
Google Trends ain’t your friend
www.ft.com
November 19, 2025 at 11:57 AM
”Google Trends is handy for retrofitting data around an argument. What it’s not is a reliable or even methodologically consistent predictor of future performance”
www.ft.com/content/f872...
www.ft.com/content/f872...
Reposted by Kate Duguid
Bloomberg follows up the @kateduguid.bsky.social scoop last week reporting on a primary dealer-NY Fed meeting re: the SRF. Most of it is rehash but a couple notable points. It looks like the capital costs of sitting between non-dealers and the Fed are too high to incentivize SRF uptake.
November 19, 2025 at 10:51 AM
Bloomberg follows up the @kateduguid.bsky.social scoop last week reporting on a primary dealer-NY Fed meeting re: the SRF. Most of it is rehash but a couple notable points. It looks like the capital costs of sitting between non-dealers and the Fed are too high to incentivize SRF uptake.
Reposted by Kate Duguid
UBS trying to blackmail Swiss regulators per this FT scoop
UBS chair talked to Scott Bessent about moving Swiss bank to US
Discussions came as Colm Kelleher tries to pressure Switzerland to back down over proposed capital rules
www.ft.com
November 17, 2025 at 12:18 PM
UBS trying to blackmail Swiss regulators per this FT scoop
Reposted by Kate Duguid
This is a fun story. What's happening is that a non-traded fund is being rolled into a publicly traded fund. On a NAV (third party marks on the underlying) basis, no losses. But the public vehicle (ticker ODBC) has a market price $2.83 below its $14.89 NAV, so the rolled-in fund gets marked down.
Blue Owl private credit fund merger leaves some investors facing 20% hit
Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals
www.ft.com
November 17, 2025 at 3:47 PM
This is a fun story. What's happening is that a non-traded fund is being rolled into a publicly traded fund. On a NAV (third party marks on the underlying) basis, no losses. But the public vehicle (ticker ODBC) has a market price $2.83 below its $14.89 NAV, so the rolled-in fund gets marked down.
Reposted by Kate Duguid
Here’s a story for every national news outlet:
In N.C., churchgoers are literally running into the woods as federal agents descend on the property.
“Inside the church, women and children sobbed as they wondered whether their loved ones had been taken.”
www.charlotteobserver.com/news/politic...
In N.C., churchgoers are literally running into the woods as federal agents descend on the property.
“Inside the church, women and children sobbed as they wondered whether their loved ones had been taken.”
www.charlotteobserver.com/news/politic...
November 16, 2025 at 4:38 AM
Here’s a story for every national news outlet:
In N.C., churchgoers are literally running into the woods as federal agents descend on the property.
“Inside the church, women and children sobbed as they wondered whether their loved ones had been taken.”
www.charlotteobserver.com/news/politic...
In N.C., churchgoers are literally running into the woods as federal agents descend on the property.
“Inside the church, women and children sobbed as they wondered whether their loved ones had been taken.”
www.charlotteobserver.com/news/politic...
Reposted by Kate Duguid
“Someone with a 1-hr car commute needs to earn 40% more to be as happy as someone with a short walk to work. On the other hand, if someone shifts from a long commute to a walk, their happiness increases as much as if they’d fallen in love.” #CityMakingMath
50 reasons to want more walkable cities.
50 reasons to want more walkable cities.
50 Reasons Why Everyone Should Want More Walkable Streets
From making you live longer to making cities more resilient: If you want a reason to make your city more walkable, it's in here.
www.fastcompany.com
November 16, 2025 at 5:40 AM
“Someone with a 1-hr car commute needs to earn 40% more to be as happy as someone with a short walk to work. On the other hand, if someone shifts from a long commute to a walk, their happiness increases as much as if they’d fallen in love.” #CityMakingMath
50 reasons to want more walkable cities.
50 reasons to want more walkable cities.
Scoop from last night: Behind the scenes of the big Fed conference this week was a hastily convened meeting between Williams and big banks about the standing repo facility www.ft.com/content/395f...
New York Fed convened meeting with Wall Street firms over key lending facility
Impromptu talks come amid worries about strains in money markets
www.ft.com
November 15, 2025 at 12:01 PM
Scoop from last night: Behind the scenes of the big Fed conference this week was a hastily convened meeting between Williams and big banks about the standing repo facility www.ft.com/content/395f...
Reposted by Kate Duguid
