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

GM Slumps as United Auto Workers Union Goes on Strike for First Time Since 2007

GM Slumps as United Auto Workers Union Goes on Strike for First Time Since 2007

GM shares trade lower Monday after nearly 50,000 members of the United Auto Workers Union goes on strike in a move that could shut down production at the biggest U.S. carmaker for several days.

Exxon, Chevron Lead Energy Sector Spike Following Attack on Saudi Oil Facilities

Exxon, Chevron Lead Energy Sector Spike Following Attack on Saudi Oil Facilities

U.S. oil and energy stocks rise across the board Monday, and providing some upside support for the Dow Jones Industrial Average, after a series of weekend drone attacks on two key Saudi Arabian facilities lifted crude prices to their biggest single-day gain in more than two decades.

Oil Surges After Saudi Attacks; Trump Says US 'Locked & Loaded' For Response

Oil Surges After Saudi Attacks; Trump Says US 'Locked & Loaded' For Response

Global oil prices surged the most in more than two decades Monday after a weekend drone attack on two Saudi Arabian crude facilities that could shutdown at least 5% of world production and spark renewed concerns of military conflict in the Gulf region.

Dow Futures Retreat, Global Stocks Fall After Saudi Oil Attacks, Weak China Data

Dow Futures Retreat, Global Stocks Fall After Saudi Oil Attacks, Weak China Data

Global stocks traded notably lower Monday, while oil prices surged the most in more than two decades, as an attack on two key Saudi Arabian oil facilities, as well as the weakest industrial output data from China in many years, hammered equity market sentiment.

Purdue Pharma Files for Bankruptcy; OxyContin Maker Plans $10 Billion Settlement

Purdue Pharma Files for Bankruptcy; OxyContin Maker Plans $10 Billion Settlement

Purdue Pharma LP filed for Chapter 11 bankruptcy protection late Sunday as the OxyContin maker looked to isolate the impact of thousands of lawsuits linked to the nation's opioid crisis.

Apple Slides as Goldman Warns on Apple TV+ Impact; Company Disputes Claim

Apple Slides as Goldman Warns on Apple TV+ Impact; Company Disputes Claim

Apple shares slipped lower Friday after analysts at Goldman Sachs slashed their price target on the tech giant amid concerns that the free trial offered for is Apple TV+ offering will eat into its bottom line.

US Treasury Yields Extend Surge; Adding to Trump Pressure Into Fed Rate Decision

US Treasury Yields Extend Surge; Adding to Trump Pressure Into Fed Rate Decision

U.S. Treasury bond yields extended their seemingly-relentless rise Friday, taking benchmark notes to the highest levels since late July and adding a further layer of complexity to next week's Federal Reserve rate decision.

Broadcom Dips After Chipmaker Cautions on 'Bottomed Out' Semiconductor Demand

Broadcom Dips After Chipmaker Cautions on 'Bottomed Out' Semiconductor Demand

Broadcom shares traded lower Friday after the chipmaker posted stronger-than-expected third quarter earnings but cautioned that a recovery in global semiconductor markets could take longer than forecast.

London Stock Exchange Rejects 'Flawed' $39 Billion Hong Kong Takeover Bid

London Stock Exchange Rejects 'Flawed' $39 Billion Hong Kong Takeover Bid

The London Stock Exchange Group rejected a near $40 billion takeover offer from the Hong Kong Exchanges and Clearing Limited Friday, calling the approach "fundamentally flawed" and one that "significantly undervalues" the Lonon-based exchange operator.

Trump Pledges 'Substantial' Middle Class Tax Cuts as Deficit Tops $1 Trillion

Trump Pledges 'Substantial' Middle Class Tax Cuts as Deficit Tops $1 Trillion

President Donald Trump promises to unveil an 'inspirational' middle class tax cut next year during a political retreat in Maryland, just as the Treasury Department says the nation's budget deficit topped the $1 trillion mark for only the second time on record.