Could prison companies get a boost from Trump's immigration policies?
CBSN
The Trump administration could be a boon for business for private prison companies in the U.S. if the president-elect delivers on his promise to crack down on illegal immigration.
CoreCivic and Geo Group, the two biggest private prison operators in the U.S., both contract with the U.S. Immigration and Customs Enforcement (ICE) to house detained, undocumented migrants. Their stocks soared Wednesday following Trump's election win, with investors betting the companies will see increased profits from a tough-on-immigration administration.
CoreCivic, which closed at $13.50 a share on November 5, is trading at $22 a share, while Geo Group, which closed at $15 a share Tuesday, is currently trading at $23.75.
A British doctor who was disgruntled about his inheritance and injected his mother's boyfriend with poison presented as a COVID-19 vaccine was sentenced Wednesday to 31 years in prison.
Washington — The Justice Department and special counsel Jack Smith's office are engaged in active discussions about how to wind down the ongoing federal prosecutions against President-elect Donald Trump, according to two people familiar with the talks.
As President-elect Donald Trump readies to return to the Oval Office, U.S. retailers that depend on foreign suppliers are prepared to pass along the cost of his proposed import tariffs to consumers, potentially leading to higher prices for a range of products.
President-elect Donald Trump's victory in the November 5 election highlights the frustrations of millions of voters, with many Americans noting in exit polls on Tuesday that they're still hurting from the highest inflation in 40 years and dissatisfied with the nation's economic trajectory.
Former President Donald Trump, now reelected to a second term, has vowed to enact business-friendly policies, including sharp corporate tax cuts, higher tariffs and swift deregulation.
Washington — Vice President Kamala Harris is set to speak Wednesday at 4 p.m. ET from Howard University in Washington, D.C., after she was defeated by former President Donald Trump in the race for the White House.
JPMorgan Chase CEO Jamie Dimon will remain in his post at the bank and has no plans to take a position within the Trump administration, a source familiar with the matter told CBS MoneyWatch Wednesday.
As the 2024 election results continued rolling in Wednesday morning, the outcomes of federal and state races took shape across the United States. A handful of them marked historic victories, with Congress' first transgender representative and Maryland's first Black senator among them.
Stocks and other financial assets are surging after Donald Trump was projected as the winner of the U.S. presidential election and the Republican party gained control of the Senate.
Donald Trump's projected victory at the polls is giving a fresh boost to stocks.
Donald J. Trump's projected victory over Kamala Harris in the 2024 presidential election marks a historic and improbable comeback for the former president, who left office in 2021 after failing to overturn the 2020 election results. Afterward, he became the first former president to be charged with either state or federal crimes, with four separate indictments, one of which resulted in conviction.