Markets Now 11/21

Binance and crypto billionaire Changpeng Zhao expected to plead guilty to money laundering violations

Binance and billionaire Changpeng Zhao are expected to plead guilty to money laundering violations as part of a settlement that would ease the intense cloud of legal scrutiny hovering over the world’s largest cryptocurrency exchange, a person familiar with the matter tells CNN.  
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It’s ‘pathological’ for brands to advertise on Elon Musk’s X, Yale professor says

Brands are being “irresponsible” by continuing to advertise on Elon Musk’s X after the billionaire endorsed antisemitic views, according to Yale professor Jeffrey Sonnenfeld.  
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Another top executive is being investigated by China’s corruption watchdog

Another business leader in China is being probed by the country’s anti-graft watchdog, in a sign of an ongoing crackdown in the world’s second largest economy.  
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American Airlines’ flight attendants want to strike. But it won’t disrupt your holiday travels

American Airlines pilots voted to go on strike Monday. Southwest pilots are holding a strike vote as well. But none of those union members will be allowed to go on strike anytime soon — if at all — under the labor law that applies to airline workers.  
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Lowe’s, Best Buy and Kohl’s predict weak holiday

Shoppers will be splurging less this holiday than in past years, major retailers say.  
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Kim Kardashian is investing in the maker of truffle-infused condiments

Kim Kardashian’s private equity firm has announced its first investment: A company that makes truffle-infused sauces that sells for about $20 a bottle.  
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Source: CNN Business