According to ISS Securities Class Action Services, 10 securities-related class actions settled for between $100 million and $1 billion in the U.S. last year. That more than doubled the number from 2021.
U.S. and European investors' holdings of assets controlled by Chinese companies but issued offshore are worth nearly three times as much as direct investments in companies registered in China.
Minutes from the FOMC's December meeting include an unusually blunt warning to investors, cautioning against underestimating the Fed's will to keep interest rates high for some time.
Only the Japanese yen has proved stronger than the greenback among G-10 currencies so far this year, with the Norwegian krone, euro, and Swiss franc falling sharply.