The Malaysian Ministry of Finance announced that an expanded Sales and Service Tax (SST) will take effect on 1 July, imposing a 5%-10% sales tax on selected non-essential goods. In a statement on Monday, the ministry also said the service tax will be extended to new sectors, including rental/leasing, construction, finance, private healthcare, education, and beauty services.
The government expects the tax expansion ...

According to a recent article published by The Information on June 11, Nvidia has launched its own GPU cloud services, marking a significant move by the chip giant into the cloud market currently dominated by Amazon and Microsoft.
The Information's report outlines two models for Nvidia's cloud services:
The first model allows AI developers and companies to rent server chips directly from Nvidia. This approach actually ...

The US CPI increased for the first time in four months to 2.4% in May 2025, up from a 2021 low of 2.3% in April, although it fell short of the anticipated 2.5%. On a monthly basis, the CPI nudged up by 0.1%, which was below both the previous month's 0.2% and the expected 0.2%.
Food costs were up 2.9% compared with one year ago, after increasing by 2.8% YoY last month.
Energy costs decreased by 3.5% YoY, after decreasing by 3.7% YoY in April. Energy ...

Applied Digital shares rocketed nearly 30% on Wednesday, as a range of artificial intelligence infrastructure and data center stocks made gains.
On Monday, APLD was announced CoreWeave had entered into a pair of 15-year lease agreements with it. Applied Digital will deliver 250 megawatts of IT critical load to host CoreWeave's AI and high-performance computing infrastructure at its data center campus in Ellendale, N.D. That day, the stock pr...