The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
One Kings Lane, an online retailer, raised money in 2014 at a valuation of close to $1 billion. Now it hardly carries a price tag.
Bed Bath & Beyond said Tuesday that it acquired One Kings Lane in an all-cash deal, and the purchase price was "not material."
The acquisition concludes a rapid downward spiral for One Kings Lane, which sells personalized home decor. After raising $112 million in January 2014 at a value of over $900 million, the San Francisco–based company got caught up in a shakeout of so-called flash sale sites that offered a select few products on a daily or weekly basis.
Fab.com sold for $15 million in 2015 after once being valued at $1 billion, and Gilt Groupe sold to Hudson's Bay in January for $250 million, a quarter of its peak value.
Also in January, Recode reported, citing sources familiar with the matter, that One Kings Lane had notified prospective buyers of its willingness to sell for less than the $230 million it had raised in venture capital. Bed Bath & Beyond didn't disclose the purchase price but said the transaction will be "slightly dilutive" to earnings per share this year.
Investors in One Kings Lane include high-profile names Kleiner Perkins Caufield & Byers, Greylock Partners, Institutional Venture Partners and Tiger Global. Ali Pincus, the wife of Zynga co-founder Mark Pincus, co-founded the company in 2009.
"We have followed One Kings Lane and loved its site since its inception," said Steven Temares, Bed Bath & Beyond's CEO, in the statement. "We are thrilled for the opportunity to provide them with additional support and exposure to promote and grow their brand."
You'd have to imagine he's equally thrilled to get it on the cheap.