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.
Global stocks traded higher Friday as markets held onto gains sparked by a potential thaw in U.S.-China trade talks, despite contradictions from the Treasury, and added to risky positions following a solid start to the U.S. corporate earnings season.
Netflix shares were indicated lower in pre-market trading Friday after the online streaming entertainment service topped Wall Street forecasts with its fourth quarter earnings report, but noted that U.S. price increases wouldn't slow its cash burn rate until at least next year.
Global oil prices tested one-month highs Friday after OPEC members reported the biggest monthly drop in production in nearly two years as the cartel prepped for broader output cuts to address what it sees as a glut in world markets.
Cars.com surges after the online car shopping service says it may explore a sale of the company, just weeks after activist investor Starboard Value pressed management to improve performance.
PPG Industries posted stronger-than-expected fourth quarter earnings Thursday but guided for slower growth in 2019 citing a stronger U.S. dollar and increased economic uncertainty.
Taiwan Semiconductor the world's biggest contract chipmaker and a lead supplier for Apple iPhones, posted tepid fourth quarter earnings Thursday but cautioned that near-term sales would slide the most in 10 years as global smartphone markets continue to slow.
Morgan Stanley shares fell sharply lower in pre-market trading Thursday after the bank posted weaker-than-expected fourth question earnings that looked out of step with sector profits from peers that have taken U.S. stocks to their highest levels in more than a month.
Global stocks edged lower Thursday, pulling U.S. equity futures into the red, as concerns over the fate of U.S. China trade talks offset stronger-than-expected banking sector earnings that helped lift the S&P 500 to a one-month high as it claws back more than half of its losses from the second half of last year.
The sale will keep the 126-year-old retailer alive ... if it survives challenges from some creditors.
Nordstrom shares fall Wednesday after the U.S. department store chain posted weaker-than-expected holiday sales, echoing similar struggles from rival retailers over an otherwise robust season for consumer spending.
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