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S&P Global Inc. - $SPGI STOCK NEWS

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.

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Global supply chains are currently operating near full capacity, indicating a positive outlook for the manufacturing sector. The GEP Global Supply Chain Volatility Index rose in April, showing increased demand and activity in the Asian market, tightening capacity in North America, and improved conditions in Europe. Global transportation costs have risen slightly, following an increase in oil prices.

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S&P Global Commodity Insights has raised its 10-year oil sands production outlook for Canadian oil sands, with production expected to reach 3.8 million barrels per day by 2030, representing a 3% increase from the previous forecast. The increased projection is attributed to producers' focus on maximizing existing assets through efficiency and optimization projects. However, challenges such as export capacity constraints and potential impacts of federal emission caps may affect the long-term growth of oil sands production.

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Chinese banks maintained their dominance in the global largest lender rankings of 2023 despite a downturn in the property sector. Industrial and Commercial Bank of China remained the world's largest bank, with assets of $6.3 trillion. Agricultural Bank of China surpassed China Construction Bank Corp. to claim second place, with 14.5% loan growth in 2023, showcasing the continued strength of China's banking sector. In the Asia-Pacific region, seven of the eight Japanese banks on the list fell in the ranking. India-based HDFC Bank newly entered the list at 74th position. Among U.S. banks, JPMorgan Chase & Co. remained the fifth-largest bank in the world. European banks also experienced weaker loan growth in 2023, with some of the biggest banks shedding assets.

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S&P Global's President and CEO, Doug Peterson, will be participating in the Barclays Americas Select Franchise Conference on May 7, 2024, in London, UK. The session will be webcast, with Mr. Peterson scheduled to speak from 1:30 p.m. to 2:10 p.m. BST.

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Pirum and S&P Global Market Intelligence Cappitech have extended their collaboration to cover upcoming SEC 10c-1a regulation, building on the success of their SFTR solution. The new reporting solution will assist clients in meeting reporting obligations efficiently and streamline the process. The collaboration aims to provide a comprehensive and reliable solution to ensure clients' compliance with the new regulation.

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S&P Dow Jones Indices reported the February 2024 results for the S&P CoreLogic Case-Shiller Indices, showing a strong upward trend in U.S. home prices. With various metro markets reporting price increases, the National Home Price NSA Index saw a 6.4% annual gain. The 10-City Composite and 20-City Composite also showed significant year-over-year increases. San Diego led in gains, while markets like San Francisco experienced declines. Despite economic uncertainty, home prices are at all-time highs, driven by buyer behavior supported by lower mortgage rates.

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S&P Global has successfully completed the acquisition of Visible Alpha, a financial technology provider, enhancing its fundamental investment research capabilities. The integration of Visible Alpha into S&P Capital IQ Pro aims to provide customers with high-quality investment research, estimates, and analytics. The acquisition is seen as a transformative leap for the platform, with Visible Alpha's offerings enriching S&P Global Market Intelligence's division.

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DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Agiliti Inc. (NYSE: AGTI) in the S&P SmallCap 600 effective May 7, 2024. Thomas H. Lee Partners L.P. is acquiring Agiliti. The change will be prior to the opening of trading on the effective date.

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The Board of Directors of S&P Global (NYSE: SPGI) has declared a cash dividend of $0.91 per share for the second quarter of 2024. The dividend will be payable on June 12, 2024, to shareholders of record on May 29, 2024, with an annualized dividend rate of $3.64 per share. S&P Global has a history of paying dividends since 1937 and is among the few companies in the S&P 500® to increase dividends annually for over 50 years.

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S&P Global Market Intelligence's quarterly report reveals that global M&A deal value rose 18.5% year-over-year in Q1 2024, despite the volume falling to its lowest level since Q2 2020. The total value of global M&A deals reached $594.47 billion, indicating ongoing market challenges due to increased interest rates impacting demand. The report highlights a decline in M&A transactions, alongside insights on IPO performance and equity issuance trends.

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FAQ

What does S&P Global Inc. do?

S&P Global Inc. provides credit ratings, benchmarks, analytics, and workflow solutions across global capital, commodity, and automotive markets.

What are the main segments of S&P Global?

The main segments are S&P Global Ratings, Market Intelligence, Commodity Insights, Mobility, and Indices.

What recent acquisition did S&P Global complete?

S&P Global recently completed the acquisition of Visible Alpha, enhancing its investment research capabilities on the Capital IQ Pro platform.

What is S&P Global's role in the credit rating industry?

S&P Global Ratings is the largest credit rating agency globally, providing financial research and analysis on stocks, bonds, and commodities.

How does S&P Global contribute to the automotive industry?

Through its Mobility segment, including Carfax, S&P Global provides data and analytics to improve vehicle history reporting and enhance customer engagement.

What significant index does S&P Global manage?

S&P Global manages several significant indices, including the S&P 500® and the Dow Jones Industrial Average®.

What strategic partnership did automotiveMastermind recently form?

automotiveMastermind, part of S&P Global Mobility, formed a strategic partnership with CarNow to enhance real-time data analytics and customer insights for automotive dealers.

How does S&P Global support the energy sector?

S&P Global Commodity Insights provides a comprehensive view of global energy markets, including benchmarks and analytics for better decision-making.

What is the Container Port Performance Index (CPPI)?

The CPPI, developed by the World Bank and S&P Global Market Intelligence, ranks global container ports by efficiency, focusing on port stay duration for vessels.

How is S&P Global addressing the needs of working caregivers?

S&P Global, in collaboration with AARP, conducts surveys to understand caregiver experiences and advocates for supportive workplace policies for employees with caregiving responsibilities.

S&P Global Inc.

NYSE:SPGI

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137.43B
312.16M
0.19%
89.57%
0.71%
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