S&P Global Inc. - SPGI STOCK NEWS

CARFAX reports a significant increase in odometer fraud nationwide, with over 2.14 million vehicles potentially affected in 2024, marking an 18% rise since 2021 and adding 82,000 more cases from the previous year. The fraudulent practice, which can be executed quickly using modern technology, costs unsuspecting buyers an average of $4,000 in lost value, plus additional repair costs.

Nine out of the top 10 states reported increases, with Virginia showing the highest spike at 11.7%, followed by Arizona at 8.0% and Florida at 6.4%. The fraud typically occurs when sellers alter vehicle mileage displays to avoid lease charges or increase vehicle value.

S&P Dow Jones Indices has clarified the float-adjusted liquidity ratio (FALR) eligibility criteria for U.S. Indices. The clarification specifies that FALR is calculated using the annual dollar value traded divided by float-adjusted market capitalization, utilizing composite pricing and all publicly reported U.S. consolidated volume (excluding dark pools). For the S&P Total Market Index, FALR must be greater than or equal to 0.1, with current constituents having no minimum requirement. The clarification affects major indices including the S&P Composite 1500, S&P 500, S&P 400, S&P 600, and Dow Jones U.S. Total Stock Market Index. The update is effective December 9, 2024, with no constituent changes occurring.

S&P Global Market Intelligence has released a new report, 'Power Plays in 2025', outlining four key themes that will shape global political and economic relationships in 2025. The report identifies economic angst, domestic discontent, elusive alliances, and trade troubles as major factors affecting markets.

The analysis suggests that while global economic expansion is expected to continue, led by emerging markets, multiple risks including structural challenges and geopolitical issues could impede growth. The report highlights concerns about domestic instability, protectionist measures, and fragmented trade environments that may lead to higher consumer prices and increased inflationary pressures.

Enteligent has been named a finalist in two categories for the 26th annual S&P Global Platts Global Energy Awards: Emerging Technology of the Year and Rising Star Company. The company was recognized for its DC-coupled electric vehicle charging and PV solar technologies.

Their DC-coupled EVSE fleet charging solution delivers 20-30% energy savings by eliminating DC-to-AC-to-DC conversions, featuring integrated PV solar generation and battery storage. The technology reduces infrastructure costs and simplifies deployment compared to traditional AC-based systems.

Additionally, Enteligent's NMax PV module-level power electronic optimizer aims to help smaller solar installers compete with market leaders by providing comparable features at more affordable prices in a market where two players control 80% of installations.

S&P Global (NYSE: SPGI) has released its latest Look Forward research series, analyzing AI's impact across multiple sectors. The report examines three key areas: labor markets, where AI will drive efficiency and create new roles while requiring reskilling; the energy sector, where growing datacenter demand will impact power infrastructure and clean energy adoption; and societal implications, including AI's potential to transform creative processes, education, and access to essential services.

According to Swamy Kocherlakota, EVP and Chief Digital Solutions Officer, the research leverages S&P Global's expertise and data to help organizations navigate these transitions effectively. The report highlights how AI will reshape electricity consumption patterns and emphasizes the need to balance risks and opportunities in AI implementation.

S&P Dow Jones Indices (S&P DJI) and UBS have announced the launch of the S&P UBS Leveraged Loan Indices, formerly known as the Credit Suisse Leveraged Loan Indices. These indices track performance across global loan markets using S&P Global Market Intelligence's pricing data.

The suite encompasses over 2,000 indices covering USD 1.6 trillion in market value, measuring leveraged loans in US dollars, Euro, and British sterling. S&P DJI will serve as the exclusive publisher, calculator, administrator, and licensor of this index family.

The U.S. leveraged loan market has experienced substantial growth, expanding from USD 400 million to USD 1.3 trillion. The indices will be consolidated in 2025, with S&P DJI's iBoxx USD Leveraged Loan Indices being integrated into the S&P UBS Leveraged Loan Index suite.

S&P Global Market Intelligence has released its annual Global Regulatory Reporting Survey, revealing significant operational challenges in the regulatory reporting market. The survey highlights that 40% of respondents rely on manual processes for adapting to regulatory changes, while nearly 40% of firms spend over ten hours weekly addressing data quality issues.

The survey, conducted by Cappitech in summer 2024, shows that 70% of firms felt well-prepared for regulatory changes, and two-thirds are either using or planning to use third-party solutions. The study gathered responses from 74 professionals across various regions, primarily representing banks and asset managers.

S&P Global Commodity Insights has launched five new price-assessment-based indices through its Platts division to track global commodity sector value trends. The new indices cover Global Transportation Fuels, Conventional Energy, Industrial Materials, Decarbonization, and Global Recycled Packaging. These indices compile spot physical prices from various markets including oil, natural gas, LNG, carbon, metals, chemicals, and biofuels. Over 380 companies have engaged with these indices during beta testing, with the Transportation Fuels Index showing a 9.5% decline year-to-date through October, indicating reduced inflationary pressure from fuel costs.

CARFAX Canada has released its Year in Rear View 2024 report, revealing significant insights from millions of Vehicle History Reports. Key findings show that 152,622 vehicles are currently reported as stolen in Canada, with a 25% increase in theft reports this year. The report identified 141,260 potential VIN clones in operation. Total accident claim damages exceeded $7.6 billion, with Alberta leading in hail damage claims at $140 million. Additionally, 42% of lien checks revealed outstanding debt on vehicles. The report aims to help protect Canadians during vehicle transactions by providing comprehensive vehicle history information.