Finance

The selloff in the fixed-income market extended into Monday, pushing government bond yields higher across the curve. Investors are reacting to sticky inflation data and hawkish signals from Federal Reserve officials, raising expectations for another potential interest rate hike.

Nvidia announced a massive $150 billion expansion to its stock repurchase program, supported by a substantial increase in cash from robust chip demand. In addition, the firm debuted a security infrastructure platform designed to prevent automated artificial intelligence applications from operating outside intended parameters.

Shares of MongoDB experienced a steep decline of roughly 20% in early trading following the immediate departure of its Chief Executive Officer, Chirantan Desai. The executive is reportedly stepping down to accept a senior position at Meta Platforms.