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.
The GEP Global Supply Chain Volatility Index remained in positive territory for the second consecutive month in June 2024, highlighting increased global supply chain activity. The index stood at 0.13, slightly down from May's 0.21. Asian manufacturing, particularly in China, Taiwan, Vietnam, and India, saw significant growth, driving up input demand. Conversely, North American suppliers experienced a slight decline in demand, indicating a tightening economy. European manufacturing activity remains subdued but has improved compared to late 2023. Global transportation costs reached a 20-month high, reflecting increased shipping and container rates. Labor shortages continue to challenge capacity expansion. The next index update will be released on August 12, 2024.
S&P Global Market Intelligence has released its first-ever ranking of Europe’s top-performing banks, identifying OTP Bank of Hungary as the leader for 2023. The ranking considered seven financial metrics like return on average equity, net interest margin, and cost-to-income ratio. OTP Bank's strong performance was driven by high lending margins amidst elevated interest rates. Poland's PKO Bank Polski and Bank Polska Opieki followed in second and third place, respectively. French banks BNP Paribas, Crédit Agricole, and Société Générale were at the bottom, hindered by structural issues and regulated savings accounts.
The annual U.S. Property and Casualty (P&C) Insurance Performance Rankings by S&P Global Market Intelligence revealed that commercial insurers dominated the top spots among the 100-largest P&C carriers. Kinsale Capital Group led for the second year, with significant growth in premiums, assets, and policyholders' surplus. Arch Capital Group and FM Global Group secured the second and third positions, respectively. Commercial insurers excelled in earnings, underwriting profitability, and balance sheet expansion, despite a slowdown in direct premiums written. Only two personal lines carriers, Progressive and Berkshire Hathaway, made it into the top 50, driven by superior private auto insurance performance.
Nearly 2 million vehicles are back on U.S. roads after airbag deployments over the last two years, potentially increasing the risk of counterfeit airbags being installed, according to CARFAX data.
The National Highway Traffic Safety Administration (NHTSA) highlights the dangers of counterfeit airbags, noting they have resulted in 3 deaths and 2 severe injuries in the past nine months.
Ten states have reported over 40,000 such vehicles, with Texas leading at 206,000. Consumers are urged to verify the history of used vehicles and ensure airbag replacements are genuine.
NHTSA advises using trusted, reputable repair shops and checking Vehicle History Reports on CARFAX.com to mitigate risks.
S&P Global Market Intelligence has launched an enhanced Evaluated Loan Pricing solution, offering independent and transparent pricing for over 8,000 leveraged loans globally. This service provides expanded coverage, delivering single price points for both composite and evaluated loans.
The solution aims to support trading, valuations, and risk management, furnishing portfolio managers and traders with valuable insights to better understand holdings, track price movements, and compare loans with similar characteristics. It also assists risk managers in assessing portfolios and making informed decisions about holding or divesting positions.
Utilizing contributor-based pricing engines and sophisticated parsing technology, the service includes bid-offer pricing, analytics, and mapping for over 400,000 industry identifiers. With over twenty years of historical data, the product is accessible via a secure web interface and can be integrated into existing workflows.
S&P Global Commodity Insights has launched the world's first daily recycled lithium carbonate price assessments, covering spot market prices in China and North Asia. This launch addresses the growing demand for pricing transparency in the recycled battery supply chain. The assessment reflects battery-grade quality lithium carbonate at 99.5% purity. As global sustainability efforts intensify, the recycled lithium market is poised for significant growth, with end-of-life battery availability in China expected to reach 438 GWh by 2032, a compound annual growth rate of over 44%. The move complements S&P's existing suite of battery metals assessments and aims to offer comprehensive pricing solutions from upstream spodumene concentrate to downstream lithium chemicals.
S&P Dow Jones Indices reported a significant increase in U.S. common indicated dividend payments for Q2 2024, driven primarily by Alphabet's $9.3 billion dividend initiation. The net indicated dividend change rose by $16.0 billion, similar to Q1 2024 and significantly higher than Q2 2023's $4.3 billion. Despite this growth, Q2 2024's total common dividend increases ($20.4 billion) were down 10.0% from Q1 2024 but more than doubled Q2 2023's $9.8 billion. Dividend decreases also dropped to $4.4 billion, a 34.4% decline from Q1 2024. For the 12-month period ending June 2024, dividend increases were $78.7 billion, a 21.1% rise from the prior year, with decreases rising by 29.2% to $24.1 billion. The S&P 500 index marked a per-share dividend increase of 1.2% in Q2 2024, reaching $18.28, and an aggregate dividend payment of $153.4 billion. The quarter saw a notable 17.2% year-over-year increase in dividend initiations, while decreases significantly reduced by 67.7%.
S&P Global (NYSE: SPGI) will release its second quarter 2024 financial results on Tuesday, July 30, 2024, at 7:15 a.m. EDT.
A conference call and webcast will follow at 8:30 a.m. EDT, featuring President and CEO Douglas L. Peterson, Interim CFO Christopher Craig, and SVP of Investor Relations Mark Grant. Martina Cheung, President of S&P Global Ratings, will also join the call. Cheung has been appointed President and CEO of S&P Global effective November 1, 2024.
The announcement will be available on the company's website, www.spglobal.com.
S&P Global Ratings has announced Yann Le Pallec as the next President of S&P Global Ratings, effective November 1, 2024, succeeding Martina L. Cheung. Le Pallec, who is currently the Executive Managing Director and Head of Global Ratings Services, has been with the company since 1999 and has significant experience in credit markets, change management, and talent development. He currently oversees over 2,200 analysts and support staff across 28 countries. Martina L. Cheung will transition to President and CEO of S&P Global. Both current leaders, Cheung and Douglas L. Peterson, have expressed confidence in Le Pallec's ability to lead the ratings division successfully.
S&P Global (NYSE: SPGI) announces Martina L. Cheung as the next President and CEO, succeeding Douglas L. Peterson. Effective from November 1, 2024, Cheung will take the helm, with Peterson remaining as a special advisor until December 31, 2025. Cheung, currently President of S&P Global Ratings, brings extensive leadership experience, having driven significant revenue growth across various divisions. Under her leadership, S&P Global Ratings saw a 9% revenue increase in 2023. Cheung’s appointment follows a thorough succession process. Yann Le Pallec will succeed her as President of S&P Global Ratings. The company’s financial guidance remains unchanged.