Immigration crackdown: Trump’s return fuels stock surge for private prisons ahead of mass deportations
As private prison stocks soar in the wake of Donald Trump’s election victory, the U.S. faces a potentially transformative economic and human rights crisis. With the president-elect’s plan to execute the “largest mass deportation operation” in U.S. history, the private prison industry has seen unprecedented gains, stoking fears of a costly humanitarian purge that will reshape the American labor force and burden taxpayers. In the days following the election, GEO Group and CoreCivic, two of the country’s largest private prison companies, experienced dramatic stock surges of 56% and 57%, respectively. These numbers dwarf the growth seen in the months...
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