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.
Baker Hughes shares traded lower Wednesday after the oilfield services group said majority owner General Electric GE would trim its holding to less than 50% as it moves to raise $3 billion and reduce its overall debt.
Apple traded at a six-week Wednesday as analysts and investors reacted to the tech giant's much-anticipated product launch event that included three new iPhones but hinted at a focus on lower prices and narrower profit margins in the years ahead.
Global stocks extended gains Wednesday, lifting U.S. equity futures towards a sixth consecutive session gain, as investors reacted to news that China will allow some exemptions to tariffs on U.S. imports as the two side prepare to re-start trade talks between the world's two biggest economies.
President Donald Trump renewed his attack on the Federal Reserve Wednesday, calling the central bank's policymakers 'boneheads' as he called for U.S. interest rates to be cut to zero percent.
London Stock Exchange Group shares surged to a fresh record high Wednesday after the London-based securities exchange received a $39 billion takeover from its Asian rival, the Hong Kong Exchanges and Clearing Limited.
Apple will host its eleventh annual product launch event in California later Tuesday, with investors focused on service-focused additions, as well as new versions of the AppleWatch and AirPods, to compliment the expected suite of new iPhones.
Ford shares slumped Tuesday after analysts at Moody's Investors Service cut its credit rating to junk status, citing "considerable operating and market challenges" amid the carmaker's multi-billion restructuring plans.
Margrethe Vestager, the EU lawamker that has led multiple antitrust actions against big U.S. tech companies and been accused of "hating" America by President Donald Trump, will keep her role as Competition Commissioner in the executive's new cabinet.
Global stocks drifted lower Tuesday, putting Wall Street at risk of snapping a four-day winning streak, as investors reacted to weaker-than-expected industrial data from China while continuing to factor near-term support from the world's biggest central banks.
Softbank Group is urging WeWork to postpone its plans to go public, multiple media reports indicated Tuesday, amid concerns over its weaken valuation complex corporate structure.
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