Donald Trump’s victory has boosted shares in private-prison companies
A hard line means hard cash
AS the dust settled on Donald Trump’s election victory, what businesses did investors think would benefit most from his return to the presidency? Tesla? Big oil? Rustbelt manufacturers? No: two firms that lock people up. Shares in GEO Group and Core Civic, which own and run prisons, soared by two-thirds in the three days after the election, beating the rest of America’s 1,500 most valuable firms.
Explore more
This article appeared in the Business section of the print edition under the headline “Hard line, hard cash”
Business November 23rd 2024
- How Chinese is Shein?
- Nvidia’s boss dismisses fears that AI has hit a wall
- What ChatGPT’s corporate victims have in common
- Donald Trump’s victory has boosted shares in private-prison companies
- Gautam Adani faces bribery charges in America
- Spirit’s woes reveal the dismal state of America’s budget airlines
- How to behave in lifts: an office guide
- Does Dallas offer a vision of America’s future?
From the November 23rd 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Business
TikTok’s time is up. Can Donald Trump save it?
The imperilled app hopes for help from an old foe
The UFC, Dana White and the rise of bloodsport entertainment
There is more to the mixed-marital-arts impresario than his friendship with Donald Trump
Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?
Donald Trump’s return to the White House may have changed Tesla’s plans
Germany is going nuts for Dubai chocolate
Will the hype last?
The year ahead: a message from the CEO
From the desk of Stew Pidd
One of the biggest energy IPOs in a decade could be around the corner
Venture Global, a large American gas exporter, is going public