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As of November 13, 2024, mortgage rates in the U.S. have surged to 6.79%, the highest since July, driven by inflation concerns following Donald Trump's election victory. In the UK, rising rates are also impacting the housing market, prompting borrowers to act quickly amid economic uncertainty and higher borrowing costs.
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Marc Lasry, co-founder of Avenue Capital Group, is embroiled in a legal battle with former employee Gina Strum, who has accused him of sexual harassment and discrimination. Lasry countersued, alleging extortion. The case highlights serious allegations and conflicting narratives between the parties involved as they navigate the court system.
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In a memorable game on October 31, 2024, Bronny James scored his first NBA basket while playing for the Los Angeles Lakers against the Cleveland Cavaliers. The moment was particularly special for his father, LeBron James, who watched from the bench as the crowd celebrated Bronny's achievement in his home state of Ohio.
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Warner Bros. Discovery has reached a settlement with the NBA, allowing TNT Sports to continue producing 'Inside the NBA' while licensing it to ESPN and ABC. The agreement follows a lawsuit over media rights after Warner Bros. lost its NBA broadcasting rights in July. The deal includes global content licenses for NBA content without rights fees for 11 years.
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As President-elect Donald Trump finalizes his cabinet, Howard Lutnick and Scott Bessent are leading contenders for Treasury Secretary. Elon Musk has publicly endorsed Lutnick, while Trump is also considering Marc Rowan and Kevin Warsh. The selection process is complicated by Lutnick's recent tensions with Trump and differing views on tariffs.
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Bob Love, former Chicago Bulls forward and NBA All-Star, has died at 81 after a long battle with cancer. Love was known for his scoring ability and community contributions, leaving a lasting legacy in Chicago basketball.