TechnologyThe Street•19 hours agoApple Doesn't Deserve to Be Worth $1 Trillion, It Is Just an iPhone Company
"Apple (AAPL) is still an iPhone company," says one of the more bearish Apple analysts on Wall Street. It's hard to argue with what Pacific Crest analyst Andy Hargreaves penned in the wake of WWDC. Apple's new HomePad is kind of sexy to look at, as TheStreet's tech team points out. But, is it game-changing? Not exactly. The darn thing needed to have a screen at the very least like the one from Amazon (AMZN) . The Apple Watch is still the Apple Watch -- a product with so many holes in it. If anything, the coolest thing Apple divulged at WWDC was its iOs updates. Apple shares closed up slightly at $154.45. All of which brings investors to this point in time. Should Apple not dazzle with its iPhone
BusinessThe Street•13 minutes agoSears Is Going Down the Drain In Front of All Our Faces, But Tesla Sure Isn't
Pay careful attention folks: Sears Holdings (SHLD) is indicating to us all that it may have a very tragic ending at some point this year. The dying department store chain is reportedly closing another 66 stores in a bid to cut costs and try to stay in business a little longer. In short, the company is signaling that its efforts to preserve cash aren't enough. And best believe that Sears needs cash, and incredibly fast, as TheStreet has reported at length recently. "Sears' declining cash balance heightens its need to continue to source $2 billion of liquidity annually," David Silverman, Senior Director, U.S. Corporates at Fitch Ratings tells TheStreet. "The company's ability to continue to
BusinessThe Street•4 hours agoGoldman Sachs Thinks September Is When the Federal Reserve Triggers This Major Change
Better pay off those adjustable rate credit cards before the Federal Reserve takes a chisel to its enormous balance sheet. "We expect balance sheet adjustment to start in September and the Fed hiking cycle to resume in December," Goldman Sachs chief economist Jan Hatzius wrote in a note Saturday ahead of next week's Federal Reserve meeting. "With respect to the balance sheet, we assume initial caps on the amounts of securities that can run off in any given month of $10 billion for U.S. treasuries and $5 billion for mortgage-backed securities, that rise over four quarters to caps of $40 billion and $20 billion, respectively." As TheStreet has reported, the Federal Reserve may begin later this
