Baccardax, a former bond salesman who spent 8 years on the trading floor in Toronto and London, has worked in and around the global financial markets for more than 25 years, covering companies from birth in the bond markets to death in the bankruptcy courts -- and all points in between.
Following television stints with CNBC Europe in London, where he served as on-air Economics editor co-anchor of the Closing Bell program, Baccardax was named London Bureau Chief in October 2016.
Boeing shares traded firmly higher Friday after the world's biggest planemaker said it would book a $4.9 billion charge to its second quarter earnings linked to the extended grounding of its flagship 737 MAX aircraft.
Microsoft opened at all-time high Friday, lifting the world's most valuable company well past $1 trillion, after the tech giant posted stronger-than-expected fourth quarter earnings driven largely by its fast-expanding cloud computing business.
U.S. equity futures are pointing to solid gains across Wall Street Friday as investors react to comment from Federal Reserve officials that could signal deeper rate cuts and stronger-than-expected second quarter earnings from Microsoft that look to revive hopes for a tech-lead rally into the second half of the year.
American Express posted stronger-than-expected second quarter earnings Friday, and maintained its full-year profit guidance, as higher U.S. billion offset slower international growth.
Schlumberger shares were indicated higher in pre-market trading Friday after it reported stronger-than-expected second quarter earnings, offsetting news that longtime boss Paal Kigsbaard will step down from his role as CEO and chairman after more than two decades with the oil services group.
Microsoft rides cloud to record high, Fed officials trigger new rate cut hopes, Budweiser dumps Aussie assets, U.S. Navy down drown and Tiger looks his age at Royal Portrush.
Anheuser-Busch InBev shares traded near the top of the European market Friday after it agreed to sell its Australian division for around $11.3 billion less than a week after cancelling the Hong Kong listing of its Asian business that would have been the year's biggest IPO.
Netflix sees its biggest one-day decline in three years after the streaming service said it lost U.S. customers and added fewer-than-expected new subscribers in markets around the world.
Union Pacific posted stronger-than-expected second quarter earnings Thursday even as freight revenue declined, easing investor concern over a trade-related slump in the U.S. transport sector.
UnitedHealth Group posted stronger-than-expected second quarter earnings Thursday, and boosted its full-year outlook, as Medicare & Retirement, OptumRx and OptumHealth posted double-digit revenue growth.
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