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 extended gains Tuesday as investors reacted to preliminary agreement between rival U.S. lawmakers that would prevent another government shutdown later this week and cheered the positive signals from trade talks between Washington and Beijing.
Global oil prices traded firmly higher higher Tuesday, rising in concert with firmer world equity markets, ahead of two key reports on the state of U.S. crude production later today along comments from Saudi Arabia's Energy Minister that output from OPEC's largest member will remain below target in the coming months.
Global fund managers have trimmed their equity holdings to the lowest levels in two-and-a-half years, according to Bank of America Merrill Lynch's benchmark survey, favoring cash positions and defensive investments as more than half of those polled said they were bearish on both the growth and inflation outlook for the global economy next year.
Nissan lowered its full-year profit outlook Tuesday, citing consistently challenging market conditions, and said it booked an $84 million charge linked to the underreported salary of ousted chairman Carlos Ghosn.
Restaurant Brands posted stronger-than-expected fourth quarter earnings, and boosted its 2019 dividend target to $2 a share as same store sales for its Tim Horton's division lead gains for the group.
Tesla shares trade higher Monday after analysts at Canaccord Genuity upped their recommendation on the clean-energy carmarker as it moves to reduce the price of its flagship Model 3 sedan.
Apple sees its China Iphone sales plunge in the final three months of last year, according to a closely watched industry report.
Global stocks traded cautiously higher Monday, with investors eyeing progress in this week's renewed U.S.-China trade talks while closing tracking the final weeks of the corporate earnings season as profit forecasts slump amid trade, growth and political tensions both at home and in markets around the world.
U.S. corporate profits are forecast to shrink for the first time in nearly three years this quarter, according to Refinitiv data, raising the risk of a potential earnings recession that would parallel a slowdown in global economic growth and renewed rallies in safe-haven assets.
Mattel shares opened at the highest level in five months Friday after the toymaker posted stronger-than-expected fourth-quarter earnings thanks in part to the best sales for its iconic Barbie doll in at least five years.
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