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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 that up to 89,000 cars may have suffered extensive water damage due to flooding from summer storms and hurricanes in the US. This adds to the estimated 454,000 water-damaged cars already on the road in 2023. Texas and Florida lead in the number of flood-damaged vehicles, but these cars often appear in unexpected states like Kentucky, Illinois, and Tennessee.
CARFAX warns that flooded cars can have serious mechanical, electrical, health, and safety issues, even if submerged briefly. They offer a free Flood Check® tool at carfax.com/flood to help consumers identify flood-damaged vehicles. CARFAX also provides seven signs of flooding to look for when considering a used car purchase, including damp carpets, musty odors, and rust around doors and under the dashboard.
S&P Global Market Intelligence has unveiled a suite of generative artificial intelligence (GenAI) solutions through the new Labs section of the S&P Capital IQ Pro platform. These innovations include:
- Transcripts Trending Topics for uncovering trends from earnings call transcripts
- News Sentiment for quantitative sentiment signals
- Transcripts Key Phrases for identifying significant topics in earnings calls
Additionally, S&P Capital IQ Pro introduced GenAI enhancements such as Market Summaries, Transcript Summarization, and GenAI Search. These tools aim to streamline research processes and simplify client workflows, leveraging advanced analytics and AI to provide actionable intelligence from vast amounts of financial data.
S&P Global Commodity Insights has been chosen by Conservation International, on behalf of the Kenyan government, to develop Kenya's REDD+ registry. This registry, set to be operational by Q2 2025, will track carbon credits from projects aimed at reducing deforestation and forest degradation. Kenya is positioning itself as a pioneer in Africa for creating a national registry of REDD+ projects.
The registry will utilize S&P Global's Environmental Registry, which is being relaunched with enhanced features for improved efficiency and user-friendliness. This development aligns with Kenya's climate goals and is expected to generate new revenue streams for the country and local communities. The project also highlights Africa's potential role in the global carbon credit market, with Kenya being a key player in voluntary carbon markets.
S&P Dow Jones Indices (S&P DJI) and Brooklyn Investment Group have launched MyIndex™, a customizable version of S&P DJI's market-leading indices, on Brooklyn's managed accounts platform. This collaboration expands access to S&P DJI's indices, including core U.S. equity indices like the S&P 500®, S&P SmallCap 600®, and S&P MidCap 400®. The partnership allows market participants to build and implement bespoke, index-based portfolio solutions with automated tax-loss harvesting.
The initiative aims to meet the growing demand for indices and index-based solutions, offering investors more choice and flexibility. It reflects S&P DJI's commitment to engaging with various financial institutions and product providers to make their indices available through different channels and platforms.
The S&P Global Foundation has announced a new $5 million philanthropic grants program, selecting Girls Who Code and Conservation International as Signature Grant Partners. Each organization will receive $2.5 million over five years to address key areas aligned with U.N. Sustainable Development Goals:
1. Girls Who Code will train over 650,000 students for careers in technology and data, aiming to close the gender gap.
2. Conservation International will focus on restoring freshwater ecosystems globally to strengthen environmental resilience for vulnerable communities.
Since 2018, the S&P Global Foundation has awarded over $53 million to nonprofit organizations worldwide, emphasizing data-driven approaches to accelerate progress towards inclusive sustainable economies and thriving global communities.
The GEP Global Supply Chain Volatility Index fell to -0.37 in August 2024, indicating the highest level of spare capacity at global suppliers this year. This marks two consecutive months of underutilized capacity and the lowest level of input demand in eight months. Key findings include:
- North American suppliers reported the strongest rise in excess capacity since June 2023
- Asian supply chains showed spare capacity for the first time since March
- Europe's manufacturing recession deepened, especially in Germany and France
- Global demand for raw materials and components shrank at the strongest pace year-to-date
- Safety stockpiling reduced to the greatest extent since March
- Material shortages fell to their lowest level since January 2020
S&P Global Commodity Insights has announced the finalists for the 26th annual Platts Global Energy Awards, representing 33 countries across Europe, Asia, and the Americas. The awards, often called the 'Oscars' of energy, recognize innovation, leadership, and performance in 19 categories across the energy and chemicals sectors. Key categories include Chief Executive of the Year, Commercial and Emerging Energy Transition Technologies, and Infrastructure Project of the Year.
Winners will be announced on December 12, 2024, at a black-tie gala in New York City. The event will be accompanied by an Excellence in Energy Conference on December 11 and a Clean Energy Technology Fundamentals workshop on December 10. The awards highlight industry pioneers driving progress and innovation towards a more sustainable future in the global energy community.
S&P Global Ratings (SPGR), a division of S&P Global (NYSE: SPGI), has reached a settlement with the U.S. Securities and Exchange Commission (SEC) as part of an industry-wide investigation into off-channel communications. The settlement resolves violations of recordkeeping rules and involves SPGR agreeing to pay a penalty of USD 20 million. The SEC acknowledged SPGR's remedial actions and cooperation during the investigation. SPGR has expressed its commitment to regulatory compliance and maintaining the integrity of its ratings process. This matter was previously disclosed in S&P Global's public filings, and the company is pleased to have concluded the issue.
S&P Global Commodity Insights' Platts has launched the first-ever daily, physical spot market price assessments for South America lithium carbonate, effective September 2, 2024. The new Platts Lithium Triangle (LiT) price assessments aim to bring pricing transparency to an important lithium supply growth market, complementing existing battery metals prices across Asia, Americas, and Europe.
The assessments will reflect a minimum quality of 99.0% Li2CO3, with a minimum of five metric tons, loading 14 to 60 days forward, expressed in US dollars per metric ton. The Lithium Triangle, encompassing parts of Argentina, Bolivia, and Chile, is projected to be the largest contributor to global lithium supply growth over the next 5 years, with production expected to surpass 631,000 metric tons by 2028.
S&P Global Mobility reports a positive shift in automotive brand loyalty rates for the first half of 2024. The industry's brand loyalty rate stands at 52.5%, a 1.9 percentage point increase from 2023, marking the first year-over-year rise since 2020. More than half of all brands saw improvements of 1 percentage point or better, with mainstream and luxury brands increasing by 1.9 and 1.4 percentage points, respectively.
Key factors contributing to this growth include increased inventory levels and a strong pipeline of return-to-market households. However, the rise in brand loyalty has adversely affected conquest volume, with luxury brands experiencing a 6.4% decline and mainstream brands dropping 1% compared to the first half of 2023.
Tesla continues to lead in brand loyalty with a rate of 67.8%, while General Motors tops multi-brand manufacturers at 67.7%. The Lincoln Nautilus currently leads in model loyalty at 46.7%.
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