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The Latest Breaking News from GEO Group

Trump Admin Using Tech From Largest Private Prison Operator To Track Down Hundreds Of Migrants

A new analysis by The New York Times showed that the government has increased contracts with the Geo Group as it slashes spending across agencies.

Latin Times

Why Trump is jailing student activists in Louisiana, where thousands of immigrants are detained in private prisons

Inside the state’s sprawling and remote ICE detention centers, immigrants feel like they’re ‘screaming into a void’ thousands of miles from home, lawyers and advocates tell Alex Woodward

The Independent UK

Private Prison Companies Poised for Windfall as Trump Admin Outlines $45B Plan to Revolutionize Immigrant Detention

Private prison companies stand to benefit significantly from a sweeping new plan proposed by the Trump administration to overhaul the U.S. immigrant detention system.

Latin Times

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ICE chief thinks deportation system should be run like Amazon Prime ‘but with human beings’

Todd Lyons made the comments during an expo where private companies were exploring potential opportunities to profit off of Trump’s deportation agenda

The Independent UK

Notice of immigration escape came too late to help, police say

Police say two men escaped from a Denver area immigration detention center apparently after its back doors opened during a power outage

The Independent UK

More People in ICE Custody Means Smaller Meals and Delayed Medical Care, Detainees Say

Those being held say they're having to gather donations to clothe and feed the new arrivals.

Capital & Main

Ice contractor plans for surveillance boom under Trump migrant crackdown

Geo Group, an Ice partner, is moving at ‘unprecedented speed’ to build out its monitoring, executive chair says

The Guardian - US

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Abuse claims are rife in California detention centers. Now the facilities are poised to expand

A court has allowed one of state’s largest centers to resume operations, weeks after reports Ice wants to build new ones

The Guardian - US

ICE Already Receiving Proposals To Expand Detention Capabilities in Six States

Private companies, including CoreCivic and GEO Group, submitted proposals that could collectively add between 6,650 and 12,000 detention beds nationwide

Latin Times

'Very Tough' Mass Deportations Under Trump Fuel This Prison Stock

Planned immigration crackdown could raise need for ICE detention beds and reactivate a lost contract.

Investors Business Daily

Biden extended contracts to private immigration jails despite reports of ‘horrific’ conditions

Congress, federal watchdogs and advocates call for closures of facilities as DHS inspector general reports medical shortages, sanitation violations and neglect of detainees

The Guardian - US

Revealed: Biden lays groundwork to expand immigration jails as Trump readies for office

In the past year, the Biden administration has extended contracts for private sector jails before Trump’s plan for mass deportations

The Guardian - US

King County (Wash.) Violated Constitution and Contract by Trying to Ban ICE Flights Through Its Airport

From today's opinion in U.S. v. King County, written by Judge Daniel Bress and joined by Judges Michael Hawkins and… The post King County (Wash.) Violated Constitution and Contract by Trying to Ban ICE Flights Through Its Airport appeared first on Reason.com.

Reason

Geo Group vs. CoreCivic: Which Stock is a Better Buy?

Shares of both GEO Group and CoreCivic are surging as Donald Trump reclaims the White House. But which of these two stocks is a better investment candidate now?

Barchart

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Latin Times

Private Prison Stocks Soar Further After Trump Confirms Deportation Hawk Tom Homan as 'Border Czar'

Shares of The Geo Group and CoreCivic jumped on expectations of ramped-up detention and deportation efforts under Trump's new administration

Barchart

Make Prisons Great Again with a Geo Group (GEO) Iron Condor Trade

For those who are politically agnostic, GEO stock may offer speculators a chance to grab a quick 14% yield this coming week.

Investors Business Daily

These Prison Stocks Jump Again After Trump's Hardline Border Move

CoreCivic and Geo Group own or run correctional and detention facilities. The stocks extended huge gains after Trump announced border pick.

Salon

For-profit jails ready for migrant camps

Trump advisors are openly discussing the construction of mass deportation camps along the southern border

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news in one place.

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Latin Times

For-Profit Prisons Surge on Stock Market as Investors Expect Trump to Arrest Many Immigrants

For-profit prison stock values have surged in anticipation of immigrant arrests leading to increased detainment under President-Elect Donald Trump.

Fortune

Trump’s election win sends private prisons stocks soaring as investors anticipate hard crackdown on migration

President-elect Trump has vowed to launch the biggest deportation in American history—this could translate to big bucks for companies like CoreCivic and Geo Group.

Barchart

1 Small-Cap Stock Set to Benefit from a Hot-Button Election Issue

As the 2024 presidential election approaches, GEO Group, a private prison and detention center operator, is poised to benefit from the ongoing debates around immigration and border control, with its recent contract extensions and solid financial restructuring making it a compelling small-cap stock to watch.

The Guardian - US

More than 60 Ice detainees on hunger strike over ‘inhumane’ living conditions

People at two Geo Group facilities in California protest poor food quality, medical neglect and a working wage of $1 a day

Barchart

Forget DJT, Consider These 3 'Strong Buy' Trump Trades Instead

Instead of investing in Donald Trump's volatile 'meme stock' DJT, consider three 'strong buy' stocks that have moved higher on rising speculation around a potential Trump presidency.

Latin Times

Advocates, lawmakers urge federal judges to prevent a New Jersey private migrant jail from opening

Concerns from advocates and state Democrats come after a 2023 ruling that allowed a private immigrant jail in New Jersey to remain open

Barchart

5 Top-Rated Russell 2000 Stocks Crushing the Market in 2024

With the Russell 2000 index taking a dip in 2024, these five top-rated RUT stocks are outshining their parent index and the broader market.

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