If it feels like just about everything is costing more these days, you’re right. Inflation is being felt by just about everybody — from individual consumers to wealthy venture capitalists.
The retail giant lost a quarter of its stock market value in one day.
"They can't get the price that would give them their traditional margins, so the stores are really hurting,” said SJSU professor Robert Chapman Wood. On Friday, we touched bear market levels on Wall Street, meaning 20% below recent highs, and even Silicon Valley venture capitalists said they're pulling back a bit on their investments.
"What's really interesting is how the people with all the money move in a way that doesn't seem any more sophisticated than target shoppers,” said Chapman Wood.
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