Investment funds buy $18.193 billion 10-year note in November

Large investment managers bought $18.193 billion at a 10-year note auction held in November, compared with the $19.895 billion they purchased the previous month, data from the U.S. Treasury Department released on Monday showed. Overseas investors, another major group of holders of U.S. government debt, bought $14.134 billion of the latest 10-year supply, compared with […]

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Porsche acquires a majority stake in high-end electric bike maker Greyp

Croatian electric bike manufacturer Greyp Bikes has a new majority shareholder: Porsche. The sports car manufacturer’s venture capital arm, Porsche Ventures, has held a stake of around 10 percent in the e-bike company since 2018. Greyp (pronounced like the fruit) was founded Mate Rimac — aka “Croatia’s Elon Musk” — the brainchild behind electric supercar […]

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