Martin Baccardax

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

Twitter Shares Jump After Morgan Stanley Reveals 5.6% Stake

Twitter Shares Jump After Morgan Stanley Reveals 5.6% Stake

Twitter shares jump after the investment bank Morgan Stanley revealed a passive stake in the micro-blogging website now worth around $1.3 billion.

Oil Extends Gains After EIA Data Shows US Crude Stockpiles at November 2017 High

Oil Extends Gains After EIA Data Shows US Crude Stockpiles at November 2017 High

Global oil prices extended gains Wednesday, taking Brent crude to a fresh three month high, after data indicating a steep rise in U.S. stockpiles followed steeper-than-expected production cuts from key OPEC+ members Saudi Arabia and Russia.

Activision Shares Advance as Buyback, Job Cuts Offset Weaker 2019 Outlook

Activision Shares Advance as Buyback, Job Cuts Offset Weaker 2019 Outlook

Activision Blizzard shares traded sharply higher Wednesday after the video game maker unveiled a stock buyback and cost-cutting program that offset a weaker-than-expected profit outlook for what the company called a 'transition year' in 2019.

Hilton Worldwide Tops Q4 Earnings Forecast, Guides for Solid Q1 Growth

Hilton Worldwide Tops Q4 Earnings Forecast, Guides for Solid Q1 Growth

Hilton Worldwide posted stronger-than-expected fourth quarter earnings Tuesday, and guided for a solid start to 2019, easing concerns of a slowdown in global travel as the economy cools and oil prices rise.

Groupon Shares Slump After Q4 Earnings Miss, Flat 2019 Profit Guidance

Groupon Shares Slump After Q4 Earnings Miss, Flat 2019 Profit Guidance

Groupon shares traded sharply lower Wednesday after the online marketplace posts weaker-than-expected fourth-quarter earnings, including three consecutive years of revenue declines, and forecasts flat profit guidance for 2019.

Global Stocks Extend Gains as Trump Says China Trade Deal Deadline Could 'Slide'

Global Stocks Extend Gains as Trump Says China Trade Deal Deadline Could 'Slide'

Global stocks extended gains for a third session Wednesday, taking markets in Asia to fresh four-month highs, amid optimism that the-self imposed deadline on U.S.-China trade talks could be extended if the two sides are close to a deal.

Oil Hits 3-Month High as OPEC+ Output Cuts, Falling US Stockpiles, Boost Markets

Oil Hits 3-Month High as OPEC+ Output Cuts, Falling US Stockpiles, Boost Markets

Global oil prices traded at a two-month high Wednesday as investors focused on steeper-than-expected production cuts from key OPEC+ members Saudi Arabia and Russia, offsetting forecasts for weaker demand and record U.S. supply from the International Energy Agency.

Molson Coors Slides After 'Material Weakness' in Past Reports Clouds Q4 Beat

Molson Coors Slides After 'Material Weakness' in Past Reports Clouds Q4 Beat

Molson Coors Brewing posted stronger-than-expected fourth quarter profits Tuesday but noted that "material weakness" in the way it accounted for tax liabilities in statements from 2016 and 2017 will mean a collective $247.7 million hit to retained earnings for the 2017 year.

Electronic Arts Extends Gains as 'Apex Legends' Tops 25 Million Registered Users

Electronic Arts Extends Gains as 'Apex Legends' Tops 25 Million Registered Users

Electronic Arts shares rise as analysts continue to cite the surprising success of its 'Apex Legends' multi-player combat game.

Under Armour Tops Q4 Earnings Estimate, Confirms 2019 Profit Forecast

Under Armour Tops Q4 Earnings Estimate, Confirms 2019 Profit Forecast

Under Armour posts stronger-than-expected fourth quarter earnings, and confirms its 2019 profit outlook, sending shares higher.