AP Top Business News at 12:31 p.m. EDT

Microsoft beats Wall Street expectations with $90B in revenueUS economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly highMicrosoft leads a rally on Wall Street, while worries about inflation remain in the bond marketBetween prices and a diarrhea-causing parasite, lettuce is causing hard times at some restaurantsEU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and ChinaAverage 30-year US mortgage rate rises to highest level in a year at 6.66%Small changes in Hanoi’s streets can mean big disruptions for those who depend on themUS filings for jobless benefits rise to 197,000 last week, but layoffs remain historically lowBank of England keeps key rate at 3.75% for the fifth time this yearTrump touted his tariffs in Michigan despi