Happy ThanksgivingU.S. markets were shut Thursday for the Thanksgiving holiday. European stocks closed slightly higher on Thursday, with the pan-European Stoxx 600 index up 0.3%. Oil and gas companies pulled ahead with a 1.4% gain despite the continued fall in oil prices after OPEC delayed its policy-setting meeting. Minute, but significantAirlines are expecting record travel demand this Thanksgiving. Major airlines are rolling out strategies that executives say could translate to lower costs and more efficient operations, even if the time savings on paper look negligible. New technology to assign flight gates at Dallas/Fort Worth International Airport helped American Airlines avoid many of its planes crossing from the east side to the west side of the sprawling airport, saving an average of two minutes of taxi time per flight, adding up to about 11 hours saved a day, the carrier said.Crypto hackTwo cryptocurrency platforms linked to high-profile digital entrepreneur Justin Sun were hacked, with an estimated $115 million likely to have been stolen to date. The targeted projects include the HTX digital currency exchange, formerly known as Huobi, from which hackers drained around $30 million worth of cryptocurrencies, the company said in a statement on Wednesday. So-called blockchain bridge Heco Chain was also attacked, HTX confirmed. Deutschland woesGermany’s major banks need to increase their provisions for non-performing loans, as corporate insolvencies and credit risks mount, according to Bundesbank Vice-President Claudia Buch. Europe’s largest economy has been dubbed the “sick man of Europe” by some economists, after entering a technical recession earlier this year while economic activity faces further downward pressure from a collapse in construction. [PRO] Betting against AI hypeThis tech stock is up nearly 120% in just over a year. These superlative gains may mean the price movements have disconnected from the company’s fundamentals on AI hype. CNBC Pro discusses ways to bet against this stock.
CNBC Daily Open: Singing the OPEC blues
