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Hong Kong to give away half a million air tickets to boost tourism

Hong Kong’s new global promotional campaign will “kickstart” the city’s reopening to international travelers, the Hong Kong Tourism Board told CNBC’s “Squawk Box Asia” on Friday.  As part of the “Hello Hong Kong” campaign, which was launched on Thursday, 500,000 air tickets will be given away over the next six …

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Cramer says Meta’s latest quarter shows why he stuck with the stock

CNBC’s Jim Cramer on Thursday used Facebook parent company Meta Platforms as a case study of why it sometimes pays off to hold downtrodden stocks. “When companies change their stripes, or when they’re incredibly well managed, or disciplined, or efficient, or when they invent amazing products and reinvent themselves on …

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Cramer says he likes these junior growth stocks for younger investors

CNBC’s Jim Cramer on Wednesday gave young investors a list of stocks he believes should be on their shopping lists. “If you’re a younger investor, you need to take some risk in your portfolio — that’s how you have a chance to generate gigantic returns. I recommend betting on long-term …

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Cramer’s lightning round: Stick with Netflix

GameStop Corp: “I like great American stories. I don’t like that whole group.” Netflix Inc: “You got the pain, you get the gain. Stick with it.” DraftKings Inc: “Stock could come around, but it’s got to be 50 states before we get there.” Medtronic PLC: “Medtronic right now is not …

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Kohl’s names interim CEO Tom Kingsbury to the post permanently

The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s on Thursday named interim CEO Tom Kingsbury to the post on a permanent basis. He took over as interim CEO in December after former …

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IRS more likely to audit Black Americans’ taxes, study finds

Jeffrey Coolidge | Photodisc | Getty Images Black Americans are roughly three to five times more likely to face an IRS audit than other taxpayers, according to a new study. While there isn’t evidence of explicit discrimination from the IRS or its revenue agents, the findings show the disparity stems …

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Penn sports betting business posts fourth quarter profit

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Penn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of …

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Ford (F) earnings Q4 2022

Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is set to report its fourth-quarter earnings after the bell Thursday. Here’s what Wall …

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Bank of England’s Andrew Bailey tempers talk of pause, pivot in hikes

Governor of the Bank of England Andrew Bailey has talked down expectations that the central bank is readying to pause or pivot rate hikes. Yui Mok | Afp | Getty Images LONDON — The Bank of England on Thursday talked down expectations that it is readying to pause or pivot …

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5 things to know before the stock market opens Thursday, February 2

U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, February 1, 2023. Jonathan Ernst | Reuters Here are the most important news items that investors …

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