The selloff in two of the most watched stocks on Wall Street, however, didn't have much if any broader impact. The major indexes ended the Tuesday session mostly higher as investors recovered from a Trump-Russia bombshell that briefly tanked and a decline in oil prices.
Trouble in Washington, uncertainty around frothy valuations and some rocky IPOs already this year, in fact, don't seem to be enough to dent the IPO pipeline, at least so far. TheStreet is out with its list of the next batch of offerings to watch. Get ready to place your bets.
Speaking of bets. Those that are ready to bet on a retail rebound may want to cool their jets. As our fearless leader Jim Cramer points out in his morning missive, there seems to be only one thing that can save retail, especially those mall-based retailers: M&A.
M&A, however, is something that in 2017 we have seen mainly relegated to the middle market and a handful of large-cap deals. That's the case across the board, of course, much of it, as you'd know if you've been following my column, because of the actions of corporate raiders, or activists, that have been a big catalyst for dealmaking in 2017.
And if you thought you were safe from the group, think again. Activist investor has taken aim at Warren Buffett's Berkshire Hathaway Inc. (BRK.A) over its bid for Oncor Electric Delivery Co. The insurgent claims he's got a better plan for the utility and that Oncor should reconsider Buffett's $9 billion cash offer.
Don't worry, we didn't forget about the happenings on Capitol Hill or Amazon.com Inc.'s (AMZN) Prime Day, but with the litany of talking heads, columnists and pundits weighing in, TheStreet had little choice but to find its own angle on the story...