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.
Recent Articles By The Author
Dow Futures Tumble as Saudi Tensions, Trade Concerns Keep Investors Cautious
Global markets weakened Monday as investors took a cautious stance on stocks amid escalating tensions between Washington and Riyadh over the death of a prominent Saudi journalist in Turkey last week as well as renewed concerns for trade disputes the U.S. and its major economic partners.
Saudi Investment in Focus Amid Khashoggi Case; Trump Threatens 'Severe' Response
Saudi Arabia's vow to respond with "greater action" to any economic or political sanctions linked to the disappearance of dissident journalist Jamal Khashoggi has dented global market sentiment Monday and added downward pressure to a host of U.S. stocks linked to the Kingdom's powerful sovereign wealth fund and its critical oil industry.
China's Record US Surplus Threatens Trade Tensions, May Trigger Manipulator Tag
China's record trade surplus with the United States threatens to inflame tensions between the world's two biggest economies as officials prepare a report for Congressional lawmakers that could end up accusing China of manipulating its currency in order to boost exports and undercut American rivals.
Starbucks Launches Planned $5 Billion Buyback Days After Ackman Unveils Stake
Starbucks rises Friday after it says it will buy back $5 billion in shares as part of a broader plan to return around $25 billion to investors just days after a key activist unveiled a stake in the world's biggest coffee chain.
U.S. Stocks Poised for Strongest Gains in Six Months as Global Markets Rebound
U.S. Stocks are set for their biggest gains in more than six months Friday, as investors return to an equity market that has suffered its biggest two-day decline since February, ahead of key third quarter reports from the banking sector that would set the tone for a corporate earnings season that will define the market's strength heading into the final months of the year.
Tech, Tariffs and Inflation -- or the Lack Thereof
Are U.S. tech stocks, which suffered their biggest single day declines in seven years amid yesterday's Wall Street rout, a buying opportunity? Watch now!
Tech Billionaire Bummer: Five Tech Founders and the Losses They Took
The recent tech sell-off left some of the world's richest men a bit lighter in the pocket after the sector's biggest single-day decline in seven years. Here's a quick look at the worst hit victims. Although, to be fair, they shouldn't have too much trouble paying this month's rent.
U.S. Stocks Extend Declines, Dow Tests 200-Day Moving Average, Amid Global Rout
U.S. stocks extended declines Thursday, with the Dow briefly approaching an 800-point slide, as investors continue to test the resiliency of risk markets amid the biggest global sell-off since February.
Energy Stocks Lead Markets Lower, Oil Prices Slide, After EIA Crude Stock Build
Energy stocks are leading U.S. markets lower Thursday after a bigger-than-expected rise in domestic crude inventories, which is extending declines for global crude prices amid persistent concerns over the health of the world economy.