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.
The latest S&P CoreLogic Case-Shiller Indices report reveals a strong increase in U.S. home prices for November 2020, with a 9.5% year-over-year gain, up from 8.4%. The 10-City Composite and 20-City Composite experienced increases of 8.8% and 9.1%, respectively. Phoenix topped the cities with a 13.8% price rise, followed by Seattle and San Diego. All cities reported increased prices compared to the previous year, marking a six-month trend of accelerating home prices.
Quantifind, based in Menlo Park, has secured $22 million in a strategic growth funding round aimed at enhancing its sales and marketing initiatives and advancing solutions for financial crime investigations. The funding includes contributions from notable investors such as S&P Global, In-Q-Tel, and Snowflake Ventures. Quantifind's Graphyte™ platform utilizes machine learning to automate anti-money laundering and fraud investigations, significantly improving efficiency in compliance processes.
The S&P/Experian Consumer Credit Default Indices report for December 2020 reveals a stable composite default rate of 0.46%, unchanged from the previous month. The bank card default rate increased to 2.63%, while auto loan defaults remained steady at 0.64%. First mortgage defaults saw a slight rise to 0.29%. Among major metropolitan areas, Los Angeles and Chicago recorded declines in default rates, while New York noted an increase. The data underline the ongoing trends in consumer credit and defaults across various loan categories.
S&P Global Ratings' new white paper discusses the shift towards stakeholder capitalism, emphasizing long-term value creation for customers, employees, and society, rather than merely focusing on shareholder returns. The COVID-19 pandemic has accelerated this trend, heightening expectations for corporate social responsibility. The report assesses the challenges of balancing stakeholder and shareholder interests and highlights the importance of measuring both direct and indirect ESG impacts. It also notes that sustainable investing trends may prompt companies to realign with market expectations on sustainable growth.
S&P Global Platts has launched new price assessments for sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO) in Southeast Asia, effective January 18, 2021. This initiative aims to improve transparency in renewable fuel markets as Asia emerges as a significant producer of advanced biofuels. The launch follows previous assessments in Europe and the US. Demand for cleaner fuels is rising as countries pursue renewable energy solutions to meet Paris Agreement commitments. Platts aims to enhance the global renewable fuel market's accessibility and transparency.
S&P Global Ratings has launched Ratings360®, a digital platform aimed at enhancing participation in fixed income markets. The platform streamlines credit rating requests, consolidating data on ratings history and peer analysis for users. Additionally, it offers a 'Credit Scenario' tool to simulate market conditions and evaluate credit ratings. Over 1,400 analysts contribute insights on 90 economies, improving transparency in credit decision-making. Ratings360® is available in English and Mandarin, catering to a global audience.
S&P Global (NYSE: SPGI) will announce its fourth quarter and full-year 2020 results on February 9, 2021, at approximately 7:15 a.m. Eastern Time. A conference call will follow at 8:30 a.m., hosted by CEO Douglas L. Peterson and CFO Ewout Steenbergen. The webcast will be available live and archived on their website. For phone access, U.S. callers can dial (888) 603-9623, and international callers can reach +1 (630) 395-0220. The presentation will cover financial results and may include forward-looking information.
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