CNBC Business

As part of the joint venture, Shein will acquire about a third of Forever 21's operator, Sparc Group. Sparc will also take a minority stake in Shein.

The Roark deal ends more than five decades of private family ownership for Subway.

The feat makes India the fourth country – after Russia, the U.S. and China – to land on the moon, and the first to land on one of the moon's lunar poles.

Perhaps the most remarkable aspect of India's moon landing is the shoestring budget by government standards.

CVS is looking to strengthen its foothold in the biosimilars market, which is expected to grow to $100 billion over the next six years.

Shares of Nike fell Wednesday for the 10th straight day, as it recorded its longest losing streak since it went public in 1980.

Juul is awaiting a decision from U.S. regulators on whether its products can remain on the market.

Peloton's shares plunged 22% after the company posted a wider-than-expected loss and churn that it blamed on its Bike seat recall and seasonality.

Athletic apparel retailer Foot Locker reported another quarterly sales decline and missed revenue expectations as consumers continue to pull back from shoes.

Abercrombie & Fitch has posted strong sales, even as other retailers see a weaker and choosier consumer.

The AMPTP revealed its latest offer to the writers' union in a bid to end the strike that has gone on for more than 100 days.

A $30 million Ferrari led the parade of trophy cars sold during Monterey Car Week last week.

This fall marks the 20th anniversary of the coffee chain's iconic pumpkin spice latte.

The agreement is the largest collective bargaining agreement at a private-sector employer based on number of workers.

Mortgage rates jumped last week to the highest level in 23 years.

Altria bought NJOY in June after the tobacco conglomerate exited its stake in Juul.

CEO Marvin Ellison told CNBC that shakier consumer confidence is leading to softer discretionary sales.

Macy's topped adjusted earnings and sales estimates, but said revenue fell year over year and reiterated a cautious forecast.

Dick's Sporting Goods says it's grappling with an uptick in retail theft that contributed to a 23% drop in profits, prompting it to slash its full year outlook.

Macy's CEO Jeff Gennette said the smaller strip mall stores showed year-over-year growth, as the company's earnings report sent its stock tumbling.