Check out the companies making headlines before the bell. Sunnova — Shares of the residential and commercial solar company jumped 5.1% after Piper Sandler upgraded the solar name to overweight from neutral, saying Sunnova could benefit from the Federal Reserve’s “pivot” towards rate cuts. The renewable energy sector is highly sensitive to rates. Sunrun —…

Check out the companies making headlines in midday trading. Etsy — The online merchandise platform saw shares rebound 3% after a steep sell-off last week. Etsy announced last Wednesday that it is cutting 11% of its workforce , or approximately 225 employees, as the company looks to restructure its business and streamline costs against a…

A Federal Reserve official said Monday that the market may have misunderstood the central bank’s intended message last week after stocks and bonds rallied sharply. The Fed voted last week to hold rates steady once again, and its updated projections showed an expectation of three rate cuts in 2024. That caused a rally in stocks…

Check out the companies making headlines before the bell. U.S. Steel — U.S. Steel shares popped more than 28% after Japan’s Nippon Steel said it would buy the company at $55 per share, a deal that values the American steel company at $14.9 billion, including debt. Affirm — Shares of the buy now, pay later…

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors. “The focus still needs…

BNY Mellon’s global head of ETFs suggested exchange-traded funds using options overlays could become next year’s hot product. “We are absolutely going to see more of these options-based products come to market,” Ben Slavin told CNBC’s “ETF Edge” on Monday. “We see it in our own book.” Options overlays are a way for investors to…

Jane Fraser, CEO of Citigroup, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win Mcnamee | Getty Images Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely…

Check out the companies making headlines in midday trading. Scholastic — Shares tumbled about 12% after the publisher and distributor of children’s books reported a 4% year-over-year decline in revenue for the fiscal second quarter, citing headwinds in the retail market. Quanex Building Products — The window and door screen manufacturer slid nearly 9% despite…

Andresr | E+ | Getty Images Are you expecting a package delivery this holiday season? If so, scammers may try to dupe you with bogus emails or text messages about a shipment to steal your personal information, the Federal Trade Commission warned in a consumer alert. People who buy items online typically get several notifications…

New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank. “We aren’t really talking about rate cuts right now,” he said on CNBC’s “Squawk Box.” “We’re very focused on the question in front of us, which as chair Powell said… is,…