Apple 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 fell 7.2% to $143.80 at Monday's opening. All of which brings investors to this point in time. Should Apple not dazzle

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  Asia: Markets plummet after tech stocks decline on Wall Street

  International Business Times
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  Amazon stock is at 'one of the cheapest entry points' in 10 years, says leading tech analyst Mahaney

  CNBC.com

Low-cost grocery chain Aldi plans more US stores

Low-cost grocery chain Aldi says it plans to add more stores in the U.S. over the next five years, meaning more competition for traditional grocers, Walmart and organics-focused chains like Whole Foods. The German company focuses on private-label goods, like Trader Joe's does — so no Kraft macaroni and cheese — and has 1,650 stores in the United States. Aldi says it aims to give customers organic produce and meat raised without antibiotics.

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  Walmart Under Siege as Germany's Aldi Announces Major U.S. Attack Plan

  The Street
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  Germany's Aldi unveils major US expansion

  AFP

Sears 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