Incoming Splunk CEO says he’s ‘stepping in at a great time,’ hopes to be stabilizing force

The incoming CEO of Splunk, Gary Steele, told CNBC’s Jim Cramer on Friday he hopes to be a “stabilizing force” for the company and its customers. Steele, whose appointment was announced two days ago, is set to take over the data-analytics software maker and join its board April 11. Splunk had been without a permanent…

‘The Batman’ tallies $21.6 million from Thursday night previews, on pace for $100 million weekend

In this article T Robert Pattinson stars in “The Batman.” Warner Bros. Warner Bros.’ “The Batman” has secured $21.6 million in Thursday previews and is on pace for domestic debut north of $100 million. Matt Reeves’ take on the Dark Knight has earned overwhelmingly positive reviews from critics and is one of the most anticipated…

Folding phones could soon be mainstream, with Apple thought to have one in the works

The Samsung Galaxy Fold 5G phone is presented at the hall of Samsung at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. Hannibal Hanschke | Reuters BARCELONA – The vast majority of new smartphones on display at this year’s Mobile World Congress — an event that tech giants use to showcase their…

Block CFO says customers repay almost all buy now, pay later loans

Nearly all of Afterpay‘s customers repaid their installments in 2021, Block CFO Amrita Ahuja told CNBC on Thursday when questioned about the Cash App parent’s acquisition of the buy-now, pay-later service. “What I will say about losses, is that the team has actually been incredibly deliberate in managing consumer losses as an input rather than…

Rivian rolls back big price increases on pre-orders after customer backlash

In this article RIVN R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Rivian Automotive quickly backtracked from a plan to increase prices on vehicles that had already been ordered…

Snowflake CEO: Projecting revenue is challenging, so we prefer to give conservative guidance

Snowflake CEO Frank Slootman told CNBC’s Jim Cramer on Wednesday the company prefers to give conservative guidance, saying the way it recognizes revenue creates a considerable amount of uncertainty when putting together a forecast. Slootman’s comments in a “Mad Money” interview came after the data-analytics firm reported fourth-quarter and fiscal 2022 results. Its stock was…

‘The Batman’ is a refreshing adaptation, but ‘handcuffed’ by its PG-13 rating, critics say

Robert Pattinson stars in “The Batman.” Warner Bros. Batman has taken on many forms on the big screen, from goofy and campy to suave and gritty. Matt Reeves’ “The Batman” introduces audiences to a new iteration of the Dark Knight — emo. The film, which arrives in theaters on Friday, has elicited mixed reactions from…

Roman Abramovich willing to listen to offers for Chelsea amid UK sanctions fear

Chelsea’s Russian owner Roman Abramovich applauds as players celebrate their league title win at the end of the Premier League football match between Chelsea and Sunderland at Stamford Bridge in London on May 21, 2017. Ben Stansall | Afp | Getty Images Roman Abramovich is willing to listen to offers for Chelsea amid fears of…

With Huawei out of the picture, Chinese smartphone rivals take the spotlight at MWC

The Oppo Find X5 series on display at Mobile World Congress in Barcelona, Spain. Ryan Browne | CNBC BARCELONA — Huawei’s pain has been fellow Chinese smartphone makers’ gain at the biggest mobile trade show of the year. Smaller Chinese smartphone brands such as Oppo, Honor and Realme made a splash at Mobile World Congress…

U.S. bans Russian aircraft from American airspace

Airbus A321 Aeroflot official carrier Manchester United. Aircraft to Fiumicino Leonardo da Vinci Airport. Fiumicino, November 11th, 2021 Massimo Insabato | Mondadori Portfolio | Getty Images WASHINGTON — President Joe Biden announced Tuesday that the United States will ban Russian aircraft from flying through U.S. airspace. The announcement came in Biden’s first State of the…

Russian-backed investment fund tied to influential U.S. corporate consulting firm

Alfa Group Supervisory Board Chairman Mikhail Fridman attends the 2017 Atlases Russian Business Forum at the Crocus City Hall. Artyom Geodakyan | Tass | Getty Images An investment fund backed by Russian oligarchs that have been sanctioned by the European Union following the invasion of Ukraine has ties to Teneo, an influential corporate advisory firm…

Cramer’s lightning round: I like Lazard here

Loading chart… Oceaneering International Inc.: “It’s right here. There are a lot of times when I look at these stocks and I think, ‘Well, they have contracts, the contracts could go bad.’ I think these guys are very good.” Loading chart… Tellurian Inc: “Here’s what matters with Tellurian: their balance sheet. It’s not great. They…