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.
On May 26, 2021, S&P Global Platts announced 113 finalists from 21 countries for its ninth annual Global Metals Awards, recognizing achievements across 16 categories. The new ESG Breakthrough category demonstrated strong industry engagement, while other notable categories included New Technology for the Metals & Mining Industry Award. Winners will be announced on October 14 at a hybrid event in London. S&P Global Platts highlighted the resilience of the metals markets amidst COVID-19 challenges, showing a commitment to innovation and sustainability.
S&P Dow Jones Indices released the S&P CoreLogic Case-Shiller Indices for March 2021, showing a significant rise in U.S. home prices. The National Home Price NSA Index increased by 13.2% year-over-year, up from 12.0% in February. The 10-City Composite rose by 12.8% and the 20-City Composite by 13.3%. Phoenix, San Diego, and Seattle reported the highest gains, with Phoenix leading at 20.0%. Month-over-month, the U.S. National Index saw a 2.0% increase, maintaining a trend of rising prices across all regions.
S&P Global Ratings actively participated in the Cyber Crossroads conference on May 25, 2021, focusing on enhancing cyber risk governance. The collaboration aims to leverage insights from top academics to improve organizational governance standards related to cyber risks. The organization emphasized the need for standardized reporting as cyber incidents rise. Key leaders from S&P Global Ratings, including Chris Heusler, discussed the importance of effective governance in mitigating risks. This initiative reflects S&P's commitment to providing critical intelligence for market participants.
On May 24, 2021, S&P Dow Jones Indices announced that The Joint Corp. (JYNT) will replace Cubic Corp. (CUB) in the S&P SmallCap 600 index effective May 27, 2021. This change is part of an acquisition process where Veritas Capital is acquiring Cubic, pending final closing conditions. The addition of The Joint Corp. represents a strategic shift in the index, as it falls under the Health Care sector, unlike Cubic, which is in the Industrials sector.
S&P Global Platts announced that the International Energy Agency (IEA) will utilize its Liquified Natural Gas (LNG) service, which includes pricing, shipping data, and plant outage information. This collaboration highlights the IEA's role in global energy dialogue and the increasing importance of LNG market commoditization. Platts has published daily LNG prices for over a decade, with its JKM index being the global benchmark for spot LNG cargoes in North Asia. This partnership is expected to enhance market transparency and the reliability of LNG pricing for stakeholders.
S&P Dow Jones Indices and Experian announced a drop in the S&P/Experian Consumer Credit Default Indices for April 2021. The composite default rate decreased by four basis points to 0.50%. In contrast, the bank card default rate rose by eight basis points to 3.23%. Notably, defaults fell in four out of five major MSAs, with Miami experiencing the largest decline of 19 basis points to 1.04%. The first mortgage and auto loan default rates also saw drops, with figures at 0.33% and 0.43%, respectively.
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