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Anxiety Over A.I. Spending Returns to Global Markets

✇NYT
Par :River Akira Davis
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A sharp reversal in Asian stocks, after a rally fueled by Nvidia’s strong earnings, underscores how fears of an A.I. bubble are driving broad market swings.

© Ahn Young-Joon/Associated Press

The Kospi index in South Korea fell more than 3 percent in early trading in Asia on Friday.
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Frida Kahlo Portrait Sells for $55 Million, Setting Her Auction Record

✇NYT
Par :Zachary Small and Tim F. Schneider
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The surrealistic self-portrait was made in 1940, a turbulent year in the Mexican artist’s life as her health and marriage deteriorated.

© Tony Cenicola/The New York Times

Bidding for Frida Kahlo, “El sueño (La cama),” or “The dream (The bed),” at Sotheby’s auction house in Manhattan. It sold for $55 million at auction Thursday night, breaking the artist’s record.
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Missouri Judge Who Wore Elvis Wig in Court Agrees to Resign

✇NYT
Par :Christine Hauser and Michael Levenson
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Judge Matthew E.P. Thornhill also talked about politics and played Elvis songs in court, a judicial commission said.

© St. Charles County Circuit Court

“Elvis was a super talent,” Matthew E.P. Thornhill, a circuit judge in St. Charles County, Mo., said last year in a local television interview. “If I just had Elvis’s hair, I’d be unstoppable.”
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U.S. Ambassador to Canada Channels Harsh Trump Tone

✇NYT
Par :Matina Stevis-Gridneff
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Pete Hoekstra’s bluntness is seen as undiplomatic by Canadian officials and interpreted as a way for the Trump administration to turn up the heat as trade talks drag on.

© Jeff Mcintosh/The Canadian Press, via Associated Press

Pete Hoekstra, the American ambassador to Canada, speaking in Banff, Alberta, in September.
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U.S. Manufacturers to Benefit as GE Appliances Shifts Production

✇NYT
Par :Farah Stockman
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The company, now owned by a Chinese conglomerate, is investing $150 million in 19 American suppliers across 10 states.

© Jon Cherry/Associated Press

Assembly at a GE Appliances plant in Louisville, Ky., in August. The company on Thursday announced contracts with suppliers in 10 states, as part of an effort to bring production back to U.S. soil.
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Mamdani Urges D.S.A. Not to Endorse a Challenger to Jeffries

✇NYT
Par :Benjamin Oreskes
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Mayor-elect Zohran Mamdani argued that an endorsement of a left-leaning ally, Chi Ossé, would hurt his efforts to secure mainstream Democratic support for his proposals.

© Victor J. Blue for The New York Times

Zohran Mamdani, right, has tried to privately persuade Chi Ossé, left, not to challenge Representative Hakeem Jeffries. On Wednesday, he went public with his efforts.
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Trump Calling Reporter ‘Piggy’ Was ‘Frankness,’ White House Says

✇NYT
Par :Michael M. Grynbaum
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Karoline Leavitt, the White House press secretary, addressed for the first time a schoolyard insult that President Trump lobbed at a Bloomberg News reporter last week.

© Haiyun Jiang/The New York Times

Karoline Leavitt, the White House press secretary, was asked to explain what the president had meant when he called a reporter “piggy.”
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Short on Cash, D.N.C. Took Out $15 Million Loan in October

✇NYT
Par :Shane Goldmacher and Reid J. Epstein
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The move, unusual for a year without a midterm or presidential election, is the latest sign of financial distress for the Democratic Party.

© Michael M. Santiago/Getty Images

Ken Martin, the chairman of the Democratic National Committee, at a rally this month in Newark for Representative Mikie Sherrill, who was elected New Jersey’s next governor.
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