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.
Abbott Laboratories posted stronger-than-expected second quarter earnings Wednesday, and boosted its full-year profit guidance, as sales of its FreeStyle Libre glucose monitoring system surged following FDA approval in 2017.
Ericsson shares skidded lower Wednesday after the network equipment maker posted solid second quarter earnings but said it would likely face weaker near-term profit margins as it moved to win bigger 5G contracts from rivals such as Finland's Nokia and China's Huawei Technologies.
CSX shares traded sharply lower Wednesday after the third-largest U.S. rail operator slashed its full-year revenue forecast amid slowing freight volumes linked to the ongoing trade dispute between Washington and Beijing.
U.S. equity futures edged higher, potentially lifting Wall Street to fresh record peaks again Wednesday, as investors await the first of six major tech sector earnings reports later today that could make-or-break the recent stock market rally.
Netflix boots-up start FAANG earnings season, bank profits pressured by low rates, bitcoin tumbles as lawmakers round on Facebook Libra, oil prices gain and Apollo 11 celebrations continue in Washington.
ASML shares jumped higher in early European trading Wednesday after the semiconductor supplier maintained its bullish second half outlook after stronger-than-expected second quarter earnings that suggest global chip demand is starting to recover.
Wells Fargo posted stronger-than-expected second quarter earnings Tuesday but a fall in non-performing assets failed to offset a slump in one of its key profit measurements.
JB Hunt shares shares traded sharply higher Tuesday after the second-largest U.S. trucking group posted stronger-than-expected second quarter revenues and pointed to a pick-up in overall volumes in the second half of the year.
Johnson & Johnson posted stronger-than-expected second quarter earnings Tuesday and boosted its full-year sales outlook as international pharmaceutical revenues offset a domestic pullback.
U.S. equity futures were little-changed in early Tuesday trading as investors maintained their cautious stance on global stocks heading into the second quarter earnings season and keyed on June retail sales data for further clues on the direction of Federal Reserve interest rates.
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