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• Kimbell Royalty Partners Announces $14.00 Per Share Public Offering
  Kimbell Royalty Partners announced the pricing...
  Kimbell Royalty Partners announced the pricing of its public offering of 7.25 million common units representing limited partner interests, according to an Aug. 2 press release.
  
  The public offering price is $14.00 per common unit. The company anticipates total gross proceeds of approximately $101.5 million. Additionally, the underwriters have been given the option to purchase up to 1.087 million more units at the public offering price less the underwriting discount and commissions. The offering is anticipated to close on Aug. 7.
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• ☕️What Else is Brewing Friday Morning
  Warner Bros. Discovery said it saved more than $100 million in the second quarter due to the ...
  Warner Bros. Discovery said it saved more than $100 million in the second quarter due to the Hollywood actors and writers' strikes. Also, the company is reportedly considering adding a live sports tier to its Max streaming service.
  
  AP Psychology courses have been “effectively banned” in Florida due to their LGBTQ content, the College Board said.
  
  Two US Navy sailors were arrested on charges they spied for China.
  
  Tom Brady became a minority owner of English second-tier soccer team Birmingham City Football Club.
  
  The average height of winter waves in California has grown about a foot since 1969 thanks to climate change, new research found.
  
  Taylor Swift is coming to Canada after all. The singer added more North American dates for her Eras Tour this fall, including six shows in Toronto.
  
  
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• 📱Apple’s sales are slumping
  The iPhone-maker reported its third straight quarter of ...
  The iPhone-maker reported its third straight quarter of revenue declines as fewer people join the blue-text mafia. But while Apple is struggling to sell iPhones, it’s doing a great job monetizing its existing customers. The services unit—home to the App Store, Apple TV+, Apple Music, and more—hit a record $21 billion in sales. Amazon was the other Big Tech company to report earnings yesterday: Its glowing financials knocked Wall Street’s socks off.
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• Closing Oil & Gas Prices for Thursday
  Crude oil prices rebounded Thursday after the previous session’s...
  Crude oil prices rebounded Thursday after the previous session’s sharp losses, as worries over tight global supplies offset the hit-to-risk sentiment caused by the downgrade of the U.S. credit rating.
  
  Benchmark U.S. crude oil for September delivery rose $2.06 to $81.55 a barrel Thursday. Brent crude for October delivery rose $1.94 to $85.14 a barrel.
  
  Wholesale gasoline for September delivery fell 2 cents to $2.76 a gallon. September heating oil rose 7 cents to $3.07 a gallon. September natural gas rose 9 cents to $2.57 per 1,000 cubic feet
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• S&P 500 books 3-day drop as bond yields jump
  The S&P 500 booked a third straight day of declines on Thursday as longer-dated Treasury yields spiked...
  The S&P 500 booked a third straight day of declines on Thursday as longer-dated Treasury yields spiked in the wake of the U.S. downgrade by Fitch Ratings. The Dow Jones Industrial Average DJIA shed about 67 points, or 0.2%, ending near 35,215, according to preliminary FactSet data. The S&P 500 Index SPX closed down 0.3% and the Nasdaq Composite Index COMP shed 0.1%. Investors continued to monitor U.S. economy data against a backdrop where the nation’s credit worthiness has become a key source of debate. Fitch on Tuesday cut its U.S. ratings to AA+ from AAA, becoming the second major rating agency to do so in the past dozen years
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