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Spenda (ASX:SPX) has implemented a turnaround plan that reduced its monthly operating costs by approximately $400,000.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

SpaceX has drawn about $89 billion of demand for its debut US bond sale, according to people with knowledge of the matter, setting the stage for one of the biggest deals in the US investment-grade market this year. Elon Musk's rocket, satellite and AI conglomerate is seeking to raise between $20 billion and $25 billion from the five-tranche offering in a deal that's expected to price on Tuesday. At the lower of that range, demand would exceed the bond size by more than four times. Debt investors, who tend to be more conservative than those in the equity market, are betting on Musk's ability to deliver on his promises even as the company is projected to burn significant amounts of cash over the next few years. For more, we speak with Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence.

"If you want to be longer risk, you can't wait too long," says Kate Moore, CIO at Citi Wealth, as she sees market pullbacks creating an opportunity to deploy capital during inflationary periods.

Jayati Bharadwaj, head of FX strategy at TD Securities, discusses the potential for yen intervention as the currency trades near its weakest level in four decades against the dollar. She speaks on "Bloomberg Surveillance."

KPMG Australia restructured its leadership team after an audit leaks scandal resulted in the resignation of its chair and 2 senior partners.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Randall Kroszner, University of Chicago Booth School of Business professor, and former Federal Reserve Governor, who worked with Alan Greenspan, says he got many calls right during his career, but the "one negative" needs to be acknowledged. Some say Greenspan policies contributed to the 2008 financial crisis. Kroszner speaks on "Bloomberg Open Interest."

Lori Calvasina, head of US equity strategy research at RBC Capital Markets, says the strength of US corporate earnings is propping up stocks amid concern that the Federal Reserve will raise interest rates. But there are limits to how many hikes the market can withstand, she says on Bloomberg Television's ``Surveillance.''

Alan Greenspan has died at the age of 100. He served as Fed chief for 18 years, from 1987 to 2006, and was credited with guiding a record US economic expansion, but his legacy was later dimmed by the financial crisis that erupted in 2008. Greenspan died on June 22 at his home due to complications of Parkinson's disease. Bloomberg's David Westin looks back at his accomplishments.