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.
Wall Street futures extended declines Thursday after the European Commission and the Bank of England slashed their 2019 growth forecasts and investors focused on weakening profit forecasts in the United States as the earnings season draws to a close.
The European Commission slashed its growth forecast for the European economy Thursday, but stopped short of predicting a deeper recession in Italy, as the region braces for the impending departure of its biggest trading partner when Britain leaves the bloc at the end of next month.
Global stocks drifted lower again Thursday, with investors focused on political and macro events in Europe and weakening profit forecasts in the United States, as the earnings season draws to a close and market struggle to find direction during the holiday week in Asia.
General Motors posts stronger-than-expected fourth-quarter earnings and confirms its full-year profit outlook as higher-margin truck sales in the United States offset significant weakness in key China markets.
The media company posts stronger-than-expected first-quarter earnings but cautions that its transition to broadcasting its own content on the Disney+ platform would hit its bottom line.
Snap shares traded at the highest level in more than four months Tuesday after the group surprised analysts with a narrower-than-expected fourth quarter loss as costs came under control and users stuck with its struggling flagship messaging app.
Eli Lilly posted weaker-than-expected fourth quarter earnings Tuesday, and lowered its 2019 profit guidance to reflect the impact of its planned acquisition of Loxo Oncology.
Nvidia shares edged higher Wednesday following a report that SoftBank's $100 billion technology fund has sold its entire stake in the chipmaker.
Twenty First Century Fox posted stronger-than-expected second quarter earnings Wednesday and said it expects the sale of its media assets to Walt Disney in the first half of this year.
Daimler shares fell to the bottom of the German market Wednesday after the luxury carmaker posted a sharp decline in fourth quarter profits amid ongoing trade disputes in some of its biggest export markets.
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