Private prison stocks jump on Trump appointment of immigration hard-liner Tom Homan
Economy

Private prison stocks jump on Trump appointment of immigration hard-liner Tom Homan

A guard escorts an immigrant detainee from his ‘segregation cell’ back into the general population at the Adelanto Detention Facility, managed by GEO Group. Getty Images Private prison stocks rose Monday after President-elect Donald Trump selected immigration hardliner Tom Homan as his “border czar.” The Geo Group and CoreCivic jumped more than 4% and more […]

Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel says
Economy

Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel says

The stock market could enjoy a bigger boost from President-elect Donald Trump than any previous administration thanks to his pro-business policies, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. “President-elect Trump is the most pro-stock market president we have had in our history,” Siegel said Monday on CNBC’s “Squawk […]

Tesla shares pop 8% as postelection rally continues
Economy

Tesla shares pop 8% as postelection rally continues

Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images Tesla shares closed up nearly 9% on Monday, continuing to ride a postelection rally as President-elect Donald Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet. Analysts at Wedbush […]

Here’s what the Trump presidency could mean for the housing market, experts say
Economy

Here’s what the Trump presidency could mean for the housing market, experts say

Scott Olson | Getty Images News | Getty Images President-elect Donald Trump wants to address housing affordability in the U.S. by fomenting the construction of new homes. “We’re going to open up tracks of federal land for housing construction,” Trump said during an Aug. 15 news conference. “We desperately need housing for people who can’t […]

Bitcoin tops $83,000 as crypto euphoria over Trump win shows no sign of waning
Economy

Bitcoin tops $83,000 as crypto euphoria over Trump win shows no sign of waning

Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Bitcoin hit another high Monday, as the rally in cryptocurrencies continued following Donald Trump’s election win. The price of the flagship cryptocurrency was last higher by more than 12% at $89,174, according to Coin Metrics. Recently, it hit a fresh high of $89,623. Ether was […]

Charter puts media companies on notice in bid to save pay-TV bundle
Economy

Charter puts media companies on notice in bid to save pay-TV bundle

In this photo illustration, the Charter Communications logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCharter Communications CEO Chris Winfrey wants the pay-TV bundle to live.He also thinks the industry should get on board with a new model.The CEO of one of the largest cable companies in the… […]