
Italian automaker Ferrari NV (RACE) is seeking to accelerate around the bend. Chief Executive Officer Sergio Marchionne hopes to double the luxury manufacturer's profits by 2021, Bloomberg reported on Tuesday. The five-year plan - Marchionne's last as CEO - includes one secret ingredient Ferrari hopes will sweeten its sales: an SUV. The company is known for speedsters such as the F12Berlinetta, 488GTB, and 488 Spider, so the move could be a dramatic change for the company. Some other luxury automakers have shown what high-end SUVs can look like, however. Click through to see some of the top-of-the-line SUVs on the market. More of What's Trending on TheStreet: I Am a Millennial Who Just Went
Steel stocks have had recent surges on Wall Street, but overall the group of some of the largest steel companies have seen their prices decline so far year-to-date. However, with a slew of good news and several positive earnings reports, it seems many analysts think the time is right to get bullish on many of the steel industry titans. A report this past week by MarketRealist.com indicates that analysts appear bullish on six key steel stocks. The news comes after both AK Steel (NYSE: AKS), based in West Chester, and United States Steel Corp. (NYSE: X) both reported second-quarter earnings that beat analysts expectations. Steel giant ArcelorMittal (NYSE: MT) met expectations. Also, Barclays and
Getting old in America isn’t what it used to be. In a worldwide study, the U.S. fell to No. 17 (down three spots from last year) in the Natixis Global Asset Management Global Retirement Index. The index ranks 43 mainly developed countries on their ability to offer its citizens a secure retirement. Norway, Switzerland and Sweden top the list. Why did the U.S. have such a dismal showing? The U.S. took hits in income equality, health care spending and life expectancy. While America may have the fifth-highest income per capita, we have the sixth lowest score for income equality, suggesting that retirement saving is difficult for average workers. Our life expectancy fell, yet we spend the most on