The Business Roundtable said its members forecast that growth this year will clock in at 2.3%, down from last quarter's estimate of 2.6%.Politicsread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump's announcement of his fourth national security advisor comes eight days after the abrupt departure of John Bolton.Politicsread more
Central Park Tower is not just a new building – it's a statement. Topping off at 1,550 feet, with 131 floors, it will be the tallest residential building in the world. It may...Wealthread more
Online shopping giant Amazon is betting that some of its customers would rather use cash.Financeread more
The monthly Architecture Billings Index (ABI) from the American Institute of Architects fell to 47.2 from 50.1 in July. Any score below 50 indicates a decrease in architecture...Real Estateread more
Tesla is giving men a way to make that dreaded trip to the department store feel like less of a chore.
The partnership is the first of its kind for the automaker, which operates more than a dozen other galleries around the U.S. It will be open through 2016.
"The Nordstrom shopper embodies a lifestyle that parallels that of many Tesla owners — people who are forward-thinking, savvy, and curious to explore the latest and best trends," a Tesla spokeswoman said.
Located in the men's department on Nordstrom's first floor, the gallery will feature Tesla's Model X electric SUV. Shoppers will be able to see the vehicle's various interior and trim options, and go on a demonstration drive with the automaker's employees.
The Tesla spokeswoman said the company is "working on obtaining a sales license for this location, which will allow us to not only demonstrate the vehicles, but to actually sell them as well."
For Nordstrom, the partnership is yet another way to bring innovation into its stores, spokesman Dan Evans said.
"We are investing in lots of ways to make our stores even more compelling and we hope customers want to visit our stores because we always have something new," he said.
Tesla has a history of opening locations in high-end malls and wealthy communities. It lists roughly 100 U.S. stores and galleries on its website. Through its gallery concept, the automaker showcases its vehicles, but sales are not completed on site. That helps it have a presence in states such as Texas, where direct sales of automobiles are not allowed.
At 400 square feet, Tesla's space at The Grove is significantly smaller than its typical gallery location, which tends to measure between 2,000 and 4,000 square feet.
The automaker said it is not announcing any other plans regarding potential partnerships with additional Nordstrom stores or other retailers. Nordstrom's Evans said that it will see how customers respond to this location, but that it is "certainly open to the possibility" of more in the future.