Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Amazon announces the opening of the Amazon Professional Beauty Store to offer professional stylists, barbers and aestheticians beauty supplies typically found in salons and...Marketsread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
Bitcoin is approaching its highest level in more than a year after soaring above the $11,000 level this weekend.Bitcoinread more
McDonald's says it gained market share in the informal-eating-out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
Stocks in Asia were mixed on Friday as China's manufacturing data fell below analysts' expectations.
Japan's Nikkei 225 slipped 1.63% to close at 20,601.19, while the Topix index also dropped 1.29% to finish its trading day at 1,512.28.
Mainland Chinese stocks were lower on the day, with the Shenzhen component slipping 0.23% to 8,922.69 and the Shanghai composite was declining 0.24% to 2,898.70. The Shenzhen composite was largely flat at 1,531.86.
In Hong Kong, the Hang Seng index shed earlier gains to slip around 0.7%, as of its final hour of trading.
The moves in the region came as China's manufacturing activity declined more than expected in May.
The official manufacturing Purchasing Managers' Index (PMI) for May came in at 49.4, versus expectations of 49.9 by economists polled by Reuters. PMI readings above 50 indicate expansion, while those below that signal contraction.
"If you look into the breakdowns and we can see that the trade related indices have all (fallen) quite significantly, " Jian Chang, chief China economist at Barclays Asia Pacific, told CNBC's "Street Signs" on Friday.
"The most recent tariff escalation on 10th of May, I think, has clearly played a role ... in driving down ... China's orders and demands and also consumer and business sentiments," Chang said, referring to the recent escalation of the trade fight between the U.S. and China.
Meanwhile, futures pointed to declines for the major indexes on Wall Street at Friday's open stateside after U.S. President Donald Trump announced that fresh tariffs would be slapped on all Mexican goods starting from June 10.
"I think Trump has always represented a tail-risk for the equity market and that tail-risk is becoming larger and larger by the day," Jun Bei Liu, portfolio manager at Tribeca Investment Partners, told CNBC on Friday.
Shares of automakers in Asia took a hit from the tariff announcement, with many using Mexico as a production base to manufacture vehicles for export, according to data from Mexico's auto industry association AMIA.
The ongoing trade fight between the U.S. and China also continues to weigh on markets, following a recent escalation in rhetoric.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.067 after touching an earlier high of 98.173.
Oil markets continued their slide in the afternoon of Asian trading hours on Friday. Brent crude futures fell by 1.87% to $65.62 per barrel, and U.S. crude futures also declined 1.38% to $55.81 per barrel.
— CNBC's Fred Imbert and Huileng Tan contributed to this report.