Time for the Know the Difference Minute, 3 stories making news today. 

More impact from Omicron as new jobless claims rose sharply for the week ending January 15th.  In all, there were 286,000 new filings even though economists don’t feel it signals a reversal from the downward trend we’ve seen with unemployment at 3.9%.

An update on the Crypto.com story from Tuesday. Turns out, it wasn’t $15 million stolen—it was $30 million from 483 clients, all of whom have been reimbursed.  Last year, more than 20 hacks across various platforms stole at least $10 million. 6 cases exceeded $100 million.

2021 was a big year for existing home sales. Final figures are in at 6.1 million, an 8.5% increase and the strongest year since 2006. However, sales dropped 4.6% in December as the number of homes on the market dropped to a 1.8 month supply.
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.