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
US Treasury Yield Inverts for 1st Time Since 2007 After Weak Factory Output Data
U.S. manufacturing activity eased to the lowest level in nearly two years this month, according to a private reading published Friday, pulling Wall Street lower and piling more pressure on the Treasury yield curve.
Nike Slides as North American Sales, Near-Term Forecasts Cloud Solid Q3 Earnings
Nike shares traded sharply lower Friday after the world's biggest sports apparel company posted weaker-than-expected third quarter sales in its key North American market and noted that a stronger dollar would hit profits over the near term.
Boeing Faces $6B 737 MAX Cancellation; Garuda Indonesia Rethinks 49-Jet Order
Boeing may lose a $6 billion order for its 737 MAX 8 after Indonesia's national airline moved to cancel or amend a previous agreement for the controversial aircraft as the fallout from two fatal crashes deepens for the world's biggest planemaker.
Dow Futures Tumble as European Factory Output Hits 2013 Low, Bunds Touch 0%
U.S. futures fell sharply Friday after a private sector reading of economic activity in Europe slumped to its weakest level in seven years, underscoring market concerns over slowing global growth, political uncertainty in Europe and flagging U.S.-China trade talks.
German Bunds Turn Negative, Igniting New Warning Flashes From US Recession Gauge
Europe's benchmark risk-free interest rate slipped into negative territory for the first time in nearly three years Friday, following a worrying reading of manufacturing activity in the region's biggest economy, in a move that could exaggerate a key recession signal in the United States and complicate any policy response from the Federal Reserve.