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.
Twitter shares jump after the investment bank Morgan Stanley revealed a passive stake in the micro-blogging website now worth around $1.3 billion.
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 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 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 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 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.
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 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 shares rise as analysts continue to cite the surprising success of its 'Apex Legends' multi-player combat game.
Under Armour posts stronger-than-expected fourth quarter earnings, and confirms its 2019 profit outlook, sending shares higher.
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