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S&P Global Inc. (NYSE: SPGI) is a leading provider of essential financial intelligence, empowering governments, businesses, and individuals with the right data, expertise, and connected technology to make decisions confidently. As the largest of the Big Three credit rating agencies, S&P Global provides a wide array of services including credit ratings, benchmarks, analytics, and workflow solutions that cater to the global capital, commodity, and automotive markets.
S&P Global Ratings is renowned for its financial research and analysis on stocks, bonds, and commodities. This segment remains the largest credit rating agency worldwide and is pivotal to the company’s profitability. Another significant segment, Market Intelligence, offers desktop, data, and advisory solutions, primarily targeting the financial services industry with platforms like Capital IQ Pro. This division was recently bolstered by the acquisition of Visible Alpha, enhancing its investment research and analytics capabilities.
In addition to these core areas, S&P Global encompasses Commodity Insights (including Platts), Mobility (with Carfax), and Indices (featuring the S&P 500® and Dow Jones Industrial Average®). The company's commitment to innovation and market leadership is further demonstrated through its strategic partnerships and acquisitions, such as the integration with CarNow to enhance automotive data analytics and customer engagement.
Recent news highlights include the integration of DigitalOcean Holdings Inc. into the S&P SmallCap 600, the enhanced oil sands production outlook by S&P Global Commodity Insights, and the strategic partnership between automotiveMastermind and CarNow. Moreover, the company's surveys and reports, like the one conducted with AARP on adult caregiving, showcase its role in addressing contemporary societal challenges.
Visit S&P Global for more information on their offerings and insights.
CARFAX reports a concerning rise in unfixed vehicle recalls, with 58.1 million vehicles (one in five) having at least one unresolved recall - a 16% increase in two years. More alarmingly, over 14 million vehicles have two or more unresolved recalls, potentially affecting critical safety components like brakes, airbags, and seatbelts.
The top three states with multiple unfixed recalls are Texas (1.6 million), California (1.5 million), and Florida (901,000). Despite these repairs being available at no cost to car owners, the number of unfixed recalls continues to grow. CARFAX Car Care, a free service monitoring over 67 million registered vehicles, helps drivers track maintenance needs, safety inspections, and new recalls.
automotiveMastermind has enhanced its dealership services by introducing real-time tracking of customer website activity, complementing its Behavior Prediction Score (BPS) system. The new Actionable Intelligence™ feature monitors customers' interactions on dealership websites, including search results, vehicle detail page activity, credit applications, service scheduling, chat conversations, and lead form submissions.
The functionality, integrated into Mastermind's Customer Deal Sheet, enables dealership sales and marketing teams to create personalized customer outreach based on actual shopping behavior. This enhancement builds upon Mastermind's existing capability to predict potential customers and adds prescriptive abilities to respond to real shopping patterns. The company will showcase this new feature at the NADA Show in New Orleans, January 24-26, 2025.
S&P Global Commodity Insights forecasts that cleantech energy supply investments will reach $670 billion in 2025, surpassing upstream oil and gas spending for the first time. Solar PV will represent half of all cleantech investments and two-thirds of installed megawatts.
The report identifies key trends including: supply chain tensions with China's dominance in manufacturing, battery storage transformation of power markets, AI revolution in clean energy management, datacenter-driven clean energy procurement expected to reach 300 TWh annually by 2030, and ammonia's emergence in low-carbon hydrogen production. The CCUS sector is projected to secure 70 million metric tons per year of CO2 capture capacity in 2025.
Despite significant investments, current levels remain insufficient to meet climate goals, particularly the target of tripling renewable capacity by 2030. China is expected to add nearly twice as many gigawatts per dollar compared to the United States, while its market share in PV module production will decline to 65% and battery cell manufacturing to 61% by 2030.
S&P Global (NYSE: SPGI) has announced it will release its fourth quarter and full-year 2024 financial results on Tuesday, February 11, 2025 at approximately 7:15 a.m. Eastern Time. The results will be accessible at www.spglobal.com.
Following the release, the company will host a conference call and webcast at 8:30 a.m. Eastern Time on the same day. The presentation will be led by Martina Cheung (President and CEO), Christopher Craig (Interim CFO), and Mark Grant (Senior Vice President, Investor Relations) to discuss the financial results.
S&P Dow Jones Indices reported that U.S. common indicated dividend payments increased by $11.7 billion in Q4 2024, up from $9.5 billion in Q3 2024. Q4 dividend increases were $14.2 billion, while decreases were $2.5 billion. For the full year 2024, net dividend rate increased by $53.3 billion, compared to $36.5 billion in 2023.
The S&P 500 set a record for Q4 2024 dividend payments at $19.81 per share, up 6.0% from Q3 and 7.8% from Q4 2023. For 2024, the index paid $74.83 per share, a 6.4% increase from 2023. Dividend growth slowed in the second half of 2024, following major initiations by Brookings, Meta Platforms, Salesforce, and Alphabet in the first half.
Currently, 80.9% of S&P 500 companies pay dividends, with expectations of an 8% increase in dividend payments for 2025, compared to 6.4% in 2024.
S&P Global Market Intelligence has expanded its municipal securities coverage on the S&P Capital IQ Pro platform by adding 4.6 million securities, bringing the total coverage to nearly 6 million securities. The enhancement includes liquidity scores, end-of-day pricing, analytics, and enhanced terms and conditions data.
This expansion is part of the ongoing integration following S&P Global's merger with IHS Markit in 2022. The platform now provides access to reference and pricing data for over 26 million fixed income securities across various categories. Recent updates also include the launch of Document Intelligence with ChatIQ, a GenAI-powered assistant developed with Kensho, and expanded IQ Newsletters offering mid-day market summaries for US, European, and Asian markets.
Comstock Holding Companies (Nasdaq: CHCI) has announced a significant lease agreement with CARFAX at Reston Station development. CARFAX will occupy approximately 87,000 square feet across 3 floors at 1906 Reston Metro Plaza, with the move expected to complete by the end of 2025.
Reston Station, one of the largest mixed-use developments in the mid-Atlantic region, spans 90 acres around the Wiehle-Reston East Station on Metro's Silver Line. The development currently hosts over 2,000 residents and serves as headquarters for major companies including Google, ICF International, and Spotify. The development is set to expand with over 500 new residential units, new dining and entertainment options, and Virginia's first JW Marriott Hotel & Residences.
S&P Global (NYSE: SPGI) has acquired ProntoNLP, a Generative AI tooling provider specializing in unstructured and structured data analysis. Founded in 2021, ProntoNLP's technology combines natural language processing with large language models for financial data analysis, offering customizable solutions for event detection and sentiment scoring.
The acquisition, completed on December 31, 2024, will integrate ProntoNLP into the S&P Global Market Intelligence division, with plans to implement its intellectual property across enterprise-wide applications. The company aims to enhance its AI-driven solutions for improved context understanding, predictions, and customer decision-making capabilities. Financial terms were not disclosed.
S&P Dow Jones Indices (SPGI) has announced updated market capitalization eligibility criteria for the S&P Composite 1500 Indices, effective January 2, 2025. The new thresholds are: $20.5 billion or more for S&P 500 (up from $18.0 billion), $7.4 billion to $20.5 billion for S&P MidCap 400 (previously $6.7-18.0 billion), and $1.1 billion to $7.4 billion for S&P SmallCap 600 (previously $1.0-6.7 billion).
These ranges target specific percentiles of the S&P Total Market Index: 85th for S&P 500, 85th-93rd for MidCap 400, and 93rd-99th for SmallCap 600. Companies must also maintain a float-adjusted market cap of at least 50% of their respective index's minimum threshold. These criteria apply to new additions only, not existing members.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index recorded a 3.6% annual gain in October 2024, showing a deceleration from the previous month's 3.9%. The 10-City and 20-City Composites posted annual increases of 4.8% and 4.2% respectively, both down from the previous month.
New York led with the highest annual gain of 7.3%, followed by Chicago (6.2%) and Las Vegas (5.9%). The National Index reached its 17th consecutive all-time high, though month-over-month data showed a -0.2% drop before seasonal adjustments. After seasonal adjustment, the National Index posted a 0.3% monthly increase.
Only two markets – Tampa and Cleveland – showed declines during the past month, while markets in Florida and Arizona, though rising, failed to keep pace with inflation.
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