Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. (NYSE: SPGI) is a finance and insurance sector company that describes its mission as providing essential intelligence through credit ratings, benchmarks, analytics and workflow solutions. The SPGI news stream highlights how the company’s data and insights intersect with capital markets, commodities, energy transition, artificial intelligence and the automotive sector.
News about S&P Global often covers corporate actions and capital allocation, such as Board-approved dividend increases and the company’s long history of annual dividend payments. Updates can also include announcements about planned or completed transactions, such as the sale of specific businesses or the expected separation of the S&P Global Mobility division into an independent public company.
Another key theme in SPGI news is research and market studies. For example, S&P Global has released a detailed study on copper in the age of AI, examining how electrification, digitalization, data centers and defense spending could affect copper supply and demand through 2040. These reports draw on proprietary data and cross-divisional expertise from areas such as S&P Global Energy and Market Intelligence.
News items also highlight regulatory and governance developments, including settlements involving S&P Global Ratings and the appointment of new directors to the company’s Board. In addition, readers will find coverage of philanthropic and workforce initiatives like the StepForward program, which focuses on AI-enabled workforce readiness for youth, and updates from CARFAX, part of S&P Global Mobility, on topics such as odometer fraud trends.
Investors, analysts and other stakeholders can use the SPGI news page to follow how S&P Global’s ratings, indices, research, financing activities and governance decisions evolve over time and how the company positions itself around themes such as AI, energy transition and global capital markets.
S&P Global Ratings announced its participation in the Monetary Authority of Singapore's (MAS) Project Guardian on June 27, 2024. Project Guardian is a collaborative initiative aimed at enhancing financial market liquidity and efficiency through asset tokenization. By joining Project Guardian's industry group, S&P Global Ratings will work alongside other financial institutions to expand asset tokenization into capital markets.
The company will focus on the project's Fixed Income workstream, developing analytic frameworks, assessments, and benchmarks for digital assets and tokenized markets. Key executives, including Chief DeFi Officer Chuck Mounts and Digital Assets Analytical Lead Andrew O’Neill, emphasized the potential of digital bonds and tokenized treasuries to transform capital markets and the importance of robust risk mitigation.
S&P Global Commodity Insights, a division of S&P Global (NYSE: SPGI), has been chosen as a knowledge partner by the Energy Institute (EI) for the annual Statistical Review of World Energy. This partnership highlights S&P Global’s expertise in providing comprehensive data and insights on energy markets, including emerging sectors like hydrogen, carbon, and ammonia. The 73rd edition of the Statistical Review, released on June 20, 2024, reveals record global energy consumption driven by coal and oil, increased renewable electricity generation, and significant geopolitical impacts on gas markets due to the ongoing Ukraine conflict. The review also indicates a peak dependence on fossil fuels in advanced economies and accelerating renewable energy adoption in China. S&P Global's insights will help EI analyze key trends and provide an impartial source of data as global energy transitions continue to evolve.
S&P Global Mobility projects US new light vehicle sales to reach 1.40 million units in June 2024, a 1% increase year-over-year, achieving a seasonally adjusted annual rate (SAAR) of 16.2 million units, the highest since May 2021.
Despite challenges such as a cyberattack on dealer management software and a stop-sale for Toyota and Lexus vehicles, June sales are expected to follow May's strong performance. The second quarter's SAAR is estimated at 16.0 million units, the highest since Q2 2021.
Retail advertised inventory grew to 2.79 million vehicles by the end of May, marking a 0.4% rise from April and a significant 61% increase from last year. Electric vehicle (EV) inventory is expanding faster than the overall market, with BEV share expected to reach 7.5% in June.
S&P Global Mobility forecasts 2024 new vehicle sales to total approximately 16.0 million units, a 2% growth from 2023.
S&P Global Market Intelligence has announced the launch of Peer Comparables, a new module integrating S&P Capital IQ Financials and Estimates data into its iLEVEL portfolio management software. This innovation aims to assist private markets investors by providing access to public company financial data and consensus estimates, allowing for direct comparison with proprietary portfolio data. Key features include side-by-side views of public and private company financials, visual analytics for performance tracking, and team-wide sharing capabilities. Additional recent enhancements to iLEVEL include a Commitment Pacing Module for optimized capital deployment, Private Credit Monitoring for enhanced transparency, and a no-code Turnkey Data Integration solution. iLEVEL is used by over 700 investors to manage their portfolios, highlighting its prominence in the industry.
The Board of Directors at S&P Global (NYSE: SPGI) has declared a cash dividend of $0.91 per share for the third quarter of 2024. This dividend will be paid on September 11, 2024, to shareholders who are recorded by August 27, 2024. The annualized dividend rate stands at $3.64 per share. Notably, S&P Global has consistently paid dividends since 1937 and is among the select group of fewer than 30 companies in the S&P 500® that have raised their dividends annually for over 50 years.
CARFAX Canada, a trusted vehicle history information provider, is enhancing its efforts to prevent auto theft and fraud. Utilizing billions of data records and advanced analytics, CARFAX Canada offers vital information on vehicle history, including stolen vehicle status and potential fraud indicators. The company has enhanced its fraud detection tools, helping insurers identify inactive vehicles, multiple current registrations, stolen vehicles, title brands, VIN clones, and fake VINs. In 2023, CARFAX Canada identified over 13,000 actively stolen vehicles. The company is committed to collaborating with various stakeholders to combat vehicle fraud and theft, including participating in national summits and speaking at government committees.
S&P Dow Jones Indices (S&P DJI) reported that the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index saw a 6.3% annual gain in April 2024, down from 6.5% in the previous month. The 10-City Composite had an 8.0% annual increase, a slight drop from 8.3%. Similarly, the 20-City Composite posted a year-over-year increase of 7.2%, slightly down from 7.5%. Month-over-month, the U.S. National Index increased by 1.2%, the 20-City Composite by 1.36%, and the 10-City Composite by 1.38% before seasonal adjustments. Post-adjustment, the indices showed modest gains. San Diego led with a 10.3% annual increase, followed by New York and Chicago at 9.4% and 8.7%, respectively. The Northeast market has outperformed others for nine consecutive months. Despite hitting new peaks, the growth rate has decelerated compared to earlier months.
CARFAX has been honored as a Best Place to Work for 2024 by both the Washington Post and the St. Louis Post-Dispatch. This marks the 10th time CARFAX has received this accolade from the Washington Post and the third consecutive year from the St. Louis Post-Dispatch. CARFAX's culture focuses on employee well-being, offering perks such as 4-day summer work weeks, a $500 wellness benefit, and career-coaching programs. The awards are based on anonymous feedback from employees, highlighting CARFAX's commitment to a positive work-life balance and career growth opportunities. CARFAX has over 1,300 employees, with more than 120 new hires in 2024.
S&P Global Market Intelligence announced significant updates to its S&P Capital IQ Pro platform on June 20, 2024. The latest enhancements include the addition of over 19.4 million fixed income securities data, comprehensive pricing, and analytics covering government, sovereign, agency, and corporate securities. Additionally, the platform now features GenAI-powered summarization for earnings call transcripts, delivering topic and sentiment-organized summaries. Further improvements include expanded industry-specific data across sectors like banking, energy, and TMT, and an enhanced event calendar syncing capability. These updates underscore S&P's commitment to leveraging new technologies and enhancing user efficiency.
S&P Global Market Intelligence has expanded its Bond Reference Data by incorporating 20 new sustainability-related descriptive data fields. This enhancement covers over 11,000 active Corporate and Sovereign bonds in more than 60 currencies. The dataset now includes key metrics like key performance indicators (KPIs), sustainability performance targets (SPTs), use of proceeds, and sustainable development goals (SDG) alignment, providing more granularity into environmental, social, and governance bonds. The new data will aid investors in making informed decisions, regulatory compliance, and portfolio construction aimed at sustainable investments. This expansion aligns with the growing interest in sustainability projects such as renewable energy and affordable housing. The expanded dataset can be integrated with S&P Global's existing services, offering comprehensive support for financial institutions.