AP Top Business News at 12:10 a.m. EDT

South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocksAmazon to boost spending on AI and other technology by $20 billion after strong Q2 resultsStrong iPhone sales propel Apple's fiscal Q3 results past Wall Street's expectationsUS economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly highMicrosoft beats Wall Street expectations with $90B in revenueAverage 30-year US mortgage rate rises to highest level in a year at 6.66%EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and ChinaBetween prices and a diarrhea-causing parasite, lettuce is causing hard times at some restaurantsWestJet flight attendants threaten to strike during long August weekend in CanadaSome robotaxis approved to operate without steering w