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 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.
S&P Global Platts launched daily carbon credit price assessments for Nature-Based and Household Device Carbon Credit Projects on June 14, 2021. The initial prices were $4.65/mtCO2e for Nature-Based and $6.70/mtCO2e for Household Device projects. These assessments aim to improve transparency in carbon trading markets, which are expected to see growth in regions such as Europe, the US, and Latin America. The assessments are certified by recognized standards including The Gold Standard and will be accessible through various Platts platforms.
S&P Global Market Intelligence and Oliver Wyman have launched Climate Credit Analytics, a new model suite designed to evaluate climate risk for over 700,000 companies. This initiative aids financial institutions in assessing the creditworthiness of investments in a low-carbon economy. The suite integrates S&P's advanced credit risk models with Oliver Wyman's climate scenario expertise, focusing on high carbon-emitting sectors. Notably, UBS will be the first bank utilizing this analytics tool for transition risk assessment.
On June 9, 2021, S&P Global Platts announced the opening of nominations for the 2021 Global Energy Awards, honoring achievements in the energy sector. Set to occur in-person at Cipriani Wall Street, New York, the awards recognize excellence across nineteen categories. This year, several categories have evolved, including the redefined Corporate Social Responsibility Campaign of the Year and the new Climate Leader Award – Power. Finalists will be announced on September 23, 2021, and winners will be unveiled at a gala on December 9, 2021.
S&P Global Platts has strengthened its long-term relationship with OPEC by becoming a key data and insight provider. This partnership allows Platts to supply OPEC with essential oil price data, analytics, and news, enhancing OPEC's evaluation of global oil markets. Saugata Saha, President of S&P Global Platts, expressed satisfaction with this collaboration at a crucial time for the energy sector. This development emphasizes Platts' role in providing transparency and insights in the commodities market, which could be beneficial for stakeholders and investors.
S&P Global Market Intelligence has received two prestigious awards at the 2021 Inside Market Data and Inside Reference Data Awards. The division was honored as the Best Research Provider for its extensive research offerings, which include various independent market analyses and sector-level coverage. Additionally, it was recognized for the Best Enterprise Data Management Initiative due to its collaboration with Snowflake, enhancing data delivery and access. These accolades reflect S&P's commitment to providing high-quality, accessible data-driven insights for informed decision-making.
The U.S. economy forfeited over $507 billion in productivity due to the widening attainment gap between Black and white women since 1960, according to S&P Global's analysis. The report highlights that if Black women's college education had matched that of white women, it could have added $107.5 billion to the economy by 2019. The COVID-19 pandemic exacerbated existing disparities, particularly in the service sector, resulting in lower earnings for Black women compared to their white counterparts.
SelectQuote Inc. (NYSE:SLQT) will replace Cooper Tire & Rubber Co. (NYSE:CTB) in the S&P SmallCap 600 index, effective June 10, 2021. This change follows the acquisition of Cooper Tire by The Goodyear Tire & Rubber Co. The update reflects ongoing shifts in market indices and may influence stock performance for both companies.
S&P Dow Jones Indices announced updates to the market capitalization eligibility criteria for the S&P Composite 1500 Indices, effective June 3, 2021. The new criteria set the minimum market cap for the S&P 500 at $13.1 billion, up from $11.8 billion. The S&P MidCap 400 now requires a market cap between $3.6 billion and $13.1 billion, while the S&P SmallCap 600's range is $850 million to $3.6 billion. These changes aim to align with current market conditions and are subject to quarterly reviews. For further details, visit www.spdji.com.
S&P Global (NYSE: SPGI) announced that Executive Vice President and CFO Ewout Steenbergen will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, from 4:40 p.m. to 5:10 p.m. EDT. The presentation, which will be a 'fireside chat', will be available via webcast. A replay will be accessible for 30 days after the event. Shareholders are encouraged to read relevant SEC filings regarding the proposed transaction with IHS Markit for important information.
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