Private prison stocks aren’t feeling the expected boom
Stocks in the for-profit prison sector skyrocketed after the election of President Donald Trump. The Obama administration and Democratic presidential candidate Hillary Clinton had both pledged to phase out their use by federal authorities — an approach Trump rejected. But the industry hasn’t seen the sustained boost many investors expected.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
