Politics and Government Politics and Government
Thu, December 26, 2024
[ Thu, Dec 26th 2024 ] - Sky
Reform UK overtakes Conservative membership - Nig .. 'historic', Kemi Badenoch says numbers are 'fake'
[ Thu, Dec 26th 2024 ] - MSN
Trump's vow could make the swamp 'bigger and slimier than ever': columnist
[ Thu, Dec 26th 2024 ] - cnbctv18
Dr. Manmohan Singh Live Updates: State mourning i .. an 1; Last rites to be held on Saturday: Congress
[ Thu, Dec 26th 2024 ] - MSN
Political earthquake as most controversial woman in one state returns
[ Thu, Dec 26th 2024 ] - MSN
Germany Opened Its Doors to Migrants. Now It's Struggling to Cope.
[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
Umno needs drastic change to stay in govt, analysts say
[ Thu, Dec 26th 2024 ] - cnbctv18
LIVE BLOG: Last rites of Dr Manmohan Singh's to b .. ted with full state honour, 7 day mourning likely
[ Thu, Dec 26th 2024 ] - MSN
Who Got Duped? MAGA Activists Worry That Nativism And Tech Oligarchy May Not Go Hand In Hand
[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
Donald Trump Slams Justin Trudeau Again, Wants Canada To Be Merged With America
[ Thu, Dec 26th 2024 ] - MSN
Jackson lawmaker again wants to reintroduce civics education into the classroom
[ Thu, Dec 26th 2024 ] - MSN
Tories accuse Farage of 'fakery' over claims Reform now has more members than Conservatives
[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
Relief, defiance, anger: Families and advocates react to Biden's death row commutations
[ Thu, Dec 26th 2024 ] - MSN
ICE deports former high-ranking Somalian military official accused of torture and terror
[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
Schumer reveals what he thinks could be Dems' 'strongest barrier' for Trump's second term
[ Thu, Dec 26th 2024 ] - MSN
Former Dr. Manmohan Singh Biography: Age, Education, Political Career, Awards and Honours
[ Thu, Dec 26th 2024 ] - Reuters
Manmohan Singh, India's reluctant prime minister, dies aged 92
[ Thu, Dec 26th 2024 ] - MSN
Jack Smith's team preparing now for Trump retribution extending even to spouses: report
[ Thu, Dec 26th 2024 ] - MSN
Dr Manmohan Singh leaves a long legacy: His political, economic achievements
[ Thu, Dec 26th 2024 ] - MSN
Senate advances Social Security Fairness Act
[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
Donald Trump wishes 'Merry Christmas' to 'left lunatics' in frenzy of social posts
[ Thu, Dec 26th 2024 ] - MSN
'Manmohan Singh Lost Consciousness At Home': What AIIMS Statement Said
[ Thu, Dec 26th 2024 ] - MSN
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[ Thu, Dec 26th 2024 ] - MSN
Dan Crenshaw Goes OFF on Catturd and 'Sad Little' MAGA 'Trolls' Smearing Him: 'A Total Lie'
[ Thu, Dec 26th 2024 ] - MSN
CoreCivic, Geo Group Rally By Double Digits Since .. ction Day: Why Trump Boosts Private Prison Stocks

CoreCivic, Geo Group Rally By Double Digits Since Election Day: Why Trump Boosts Private Prison Stocks


Published on 2024-12-26 16:01:57 - MSN
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  • President-elect Donald Trump's second term could provide for-profit prisons an economic and regulatory boon amid Trump's plans to deport people living in the country illegally. Private Prisons: Corecivic Inc (NYSE:CXW) and Geo Group Inc (NYSE:GEO) are the two largest private prison operators in the United States.

The article from MSN discusses the significant surge in stock prices for CoreCivic and GEO Group, two major private prison companies, following the 2024 U.S. election where Donald Trump was elected. Since Election Day, shares of CoreCivic have risen by 23%, and GEO Group's stock has increased by 33%. This rally is attributed to expectations that a Trump administration would favor policies beneficial to the private prison industry, such as tougher immigration enforcement and the reversal of previous restrictions on private prison contracts. Trump's previous term saw a reversal of Obama-era policies that aimed to phase out private prison use by the federal government, and his campaign promises to expand immigration detention facilities have further fueled investor confidence in these companies. The article also notes that while the stocks have rallied, the long-term outlook for private prisons could still be influenced by broader societal and political shifts towards criminal justice reform.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/corecivic-geo-group-rally-by-double-digits-since-election-day-why-trump-boosts-private-prison-stocks/ar-AA1wx9BU ]
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