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Business

Prologis Offers to Buy Duke Realty in Nearly $24 Billion Deal

prolog Inc., PLD -5.26% the world’s largest owner of warehouse space, said it offered to buy Duke Realty Corp. DRE 3.92% in a nearly $24 billion deal, a vote of confidence in the e-commerce business at a time when investors are getting nervous about its growth. Prologis controls a 1 billion square foot global network […]

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Markets

Dow Falls for Fourth Straight Day

US stocks swung between gains and losses on Tuesday as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and appeared on track to extend […]

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Markets

Don’t Tax, Set the Rules and Trust the Market

May 10, 2022 12:46 p.m. ET E85 fuel at a gas station in Nevada, Iowa. Photos: Jason Reed/REUTERS Tom Hazelleaf (Letters, May 2) is right about letting markets lead the fight against climate change, but wrong about imposing a carbon tax. Gasoline is the largest emitter by far of new carbon dioxide. The price elasticity […]

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Business

US Stocks Turn Lower, Extending Selloff

US stock indexes rebounded early Tuesday, before dropping back into negative territory, following three days of punishing declines. The S&P 500 was recently down 0.5% in morning trading, a day after the broad index slumped 3.2% to its lowest level for the year. The technology-heavy Nasdaq Composite dropped 0.4% while the Dow Jones Industrial Average […]