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.
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MySky has entered a strategic partnership with S&P Global Platts to enhance its AI-powered spend management platform for the private aviation industry. This agreement allows MySky clients access to S&P Global Platts' jet fuel price assessments, improving their benchmarking tools for fuel costs. MySky reported a 60% growth in Q1 2020, reflecting heightened demand for financial management tools amidst economic uncertainty. The partnership aims to promote transparency and support smarter financial decision-making for stakeholders, bolstering MySky's position in the market.
S&P Dow Jones Indices reported preliminary Q1 2020 S&P 500 buybacks at $198.7 billion, a 9.4% increase from Q4 2019 but down 3.4% from Q1 2019. Cumulatively, S&P 500 companies spent $721.6 billion in buybacks over the past 12 months, a 12.3% decline from the previous year. Dividends reached a record $127.0 billion for Q1 2020, up 8.2% from Q1 2019. Despite a strong start, COVID-19 is expected to impact future buyback strategies, as companies prioritize liquidity and cautious spending.
The Board of Directors of S&P Global (NYSE: SPGI) has declared a regular quarterly cash dividend of $0.67 per share, payable on September 10, 2020, to shareholders on record as of August 26, 2020. This brings the annualized dividend rate to $2.68 per share. Notably, S&P Global has maintained dividend payments annually since 1937 and has increased its dividend for at least the past 47 years, signifying strong financial health and commitment to shareholder returns.
According to a recent survey by 451 Research, part of S&P Global Market Intelligence, nearly 80% of organizations have expanded work-from-home policies due to COVID-19, with 67% expecting these changes to last. The survey, conducted from May 29 to June 11, involved 575 IT decision-makers and revealed that 47% anticipate reducing office space, while 34% project an 80% or more reduction in work travel for Q4 2020. Increased spending on IT resources and security is noted, with 50% investing more in communication technologies.
S&P Dow Jones Indices and Experian released data for the S&P/Experian Consumer Credit Default Indices through May 2020. The composite rate dropped 12 basis points to 0.78%, while the bank card default rate increased by 17 basis points to 4.40%. Notably, auto loan defaults decreased by 10 basis points to 0.56% and first mortgage defaults fell 14 basis points to 0.52%. Major metropolitan areas such as Chicago and New York exhibited significant reductions in their default rates.
The COVID-19 pandemic significantly disrupted corporate and financial information flow, but a recovery is underway, as reported by S&P Global Market Intelligence. Key findings include a sharp rise in bankruptcy-related events (135% in March, 204% in April, and 214% in May compared to 2019) and a 216% increase in dividend reductions during March to May. In April, 300 U.S. companies withdrew guidance, with earnings forecasts mostly revised downwards. May showed increased differentiation among companies, with more active forecasts revisions by analysts.