Boeing, Workday, Toll Brothers and more

spike

Construction workers build a Toll Brothers home in Boca Raton, Florida.

Joe Raedle | Getty Images

Check out the companies making headlines after the bell.

Virgin Galactic Holdings — The aerospace company’s stock fell 3% in extended trading after fellow space travel company SpaceX had to delay its historic astronaut launch with NASA because of bad weather. It was the first time since 2011 that NASA astronauts were set to travel to space from the U.S. Both Virgin Galactic and SpaceX are looking to expand space travel to include tourists. 

HP — The technology company’s stock fell 4% in extended

Read More

Millionaires bet that stocks will take at least another year to recover

spike

Image Source | Getty Images

Millionaire investors are betting that stocks will take at least a year to regain their previous highs, according to the CNBC Millionaire Survey.

Despite the continued surge in the stock market since its March lows, millionaire investors remain skeptical of the market’s V-shaped recovery. A majority of millionaires surveyed said the S&P 500 will end the year down, according to the semi-annual survey, which polls 750 investors with $1 million or more in investible assets. More than a third said the market will end the year down 10% or more. 

Nearly two thirds say it

Read More

American alerts travelers about crowded flights to calm pandemic fears

spike

A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020.

Joshua Roberts | Reuters

American Airlines has started alerting travelers about crowded planes before their trips and allowing them to switch to other flights in an effort to calm travelers nervous about the spread of coronavirus.

The measure, which American announced Wednesday, follows a similar step by United Airlines. United instituted a new policy that tells customers when their flight is more than 70% full and lets them switch

Read More

PartnerRe announces two new CEO hires

spike

Global reinsurer PartnerRe Ltd. has revealed an executive leadership shuffle, with two new CEOs in its non-life business. Effective June 01, Philippe Meyenhofer will be appointed CEO of specialty lines, while Greg Haft will assume the newly created role of CEO global cat.

Meyenhofer (pictured above left) joined PartnerRe in August 2010 and held several leadership positions prior to his current role as CEO P&C EMEA, including acting as head of P&C Europe from July 2016 to April 2019. He’s described by Partner Re CEO Emmanuel Clarke as having “a proven track record of leading technical, complex businesses” with the

Read More