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.
S&P Global (NYSE: SPGI) has announced its schedule for the release of third quarter 2024 financial results. The earnings will be issued via news release on Thursday, October 24, 2024, at approximately 7:15 a.m. Eastern Daylight Time. Following the release, a conference call and webcast will be held at 8:30 a.m. EDT on the same day.
The call will be hosted by key executives including Douglas L. Peterson (President and CEO), Christopher Craig (Interim CFO), Mark Grant (Senior VP, Investor Relations), and Martina Cheung (President of S&P Global Ratings). Notably, Ms. Cheung has been appointed as the new President and CEO of S&P Global, effective November 1, 2024.
S&P Global Mobility expects U.S. light vehicle sales in September to decline by approximately 12% year-over-year to 1.18 million units. However, this translates to a seasonally adjusted rate (SAAR) of 16.0 million units, up from 15.2 million in August. The auto demand environment remains consistent but unmotivated due to high interest rates and vehicle prices.
Dealer advertised inventory has leveled out since spring, reaching 2.88 million units at the end of August. With 2025 model year vehicles becoming more available, pressure to sell remaining 2024 stock will increase. S&P Global Mobility has lowered its 2024 U.S. sales outlook to 15.9 million units and North American production outlook to 15.5 million units.
Battery-electric vehicle (BEV) sales continue to show strong development, with share of sales above 8% in June and July. New BEV models like the Chevrolet Equinox EV and Honda Prologue are expected to drive further growth in the fourth quarter.
S&P Global Commodity Insights, through its Platts division, is launching the world's first daily carbon-accounted iron ore price assessments on September 30, 2024. This new offering includes:
- A daily carbon-accounted iron ore assessment incorporating the Platts global benchmark 62% Fe iron ore index (IODEX)
- A carbon intensity premium reflecting the cost of offsetting greenhouse gas emissions in mining and transportation
- Carbon intensity estimates for the iron ore supply chain
The launch aims to support the steel industry's decarbonization efforts and meet evolving regulatory requirements. This initiative complements Platts' existing Carbon-Accounted Steel Premium (CASP) offerings and addresses the significant carbon footprint of iron and steel production, which accounts for nearly 7% of global greenhouse gas emissions.
Amentum (NYSE:AMTM) will join the S&P 500 effective prior to the open on Sept 30, 2024, replacing Bath & Body Works (NYSE:BBWI). Bath & Body Works will move to the S&P SmallCap 600 prior to the open on Oct 1, 2024, replacing Movado (NYSE:MOV).
Jacob's Solutions (NYSE:J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create the newly public Amentum Holdings in a transaction expected to complete on Sept 30, 2024. S&P Dow Jones Indices says Bath & Body Works is no longer representative of the large-cap market space and Movado is no longer representative of the small-cap market space.
S&P Global (NYSE: SPGI) has announced its fourth quarter dividend for 2024. The Board of Directors approved a cash dividend of $0.91 per share, payable on December 11, 2024, to shareholders of record on November 26, 2024. This brings the annualized dividend rate to $3.64 per share. S&P Global has maintained a consistent dividend payment record since 1937 and is among the select few companies in the S&P 500® that have increased their dividend annually for over 50 years.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.0% annual gain for July 2024, down from 5.5% in the previous month. The 10-City and 20-City Composites saw annual increases of 6.8% and 5.9% respectively, both lower than the previous month. New York led with the highest annual gain of 8.8%, followed by Las Vegas (8.2%) and Los Angeles (7.2%).
The National Index has seen 14 consecutive record highs, accounting for seasonality. However, growth is decelerating, with all but two markets slowing down last month. Low-price tiers in most markets outperformed on 3 and 5-year horizons, with Tampa's low-price tier showing the best 5-year performance nationally at 88%.
Regionally, the Northeast remains the best performing market, followed by the Midwest. All markets in these regions recorded all-time highs. The South reported the slowest gains but includes five of the seven best-performing markets since 2020.
CARFAX reports that up to 89,000 cars may have suffered extensive water damage due to flooding from summer storms and hurricanes in the US. This adds to the estimated 454,000 water-damaged cars already on the road in 2023. Texas and Florida lead in the number of flood-damaged vehicles, but these cars often appear in unexpected states like Kentucky, Illinois, and Tennessee.
CARFAX warns that flooded cars can have serious mechanical, electrical, health, and safety issues, even if submerged briefly. They offer a free Flood Check® tool at carfax.com/flood to help consumers identify flood-damaged vehicles. CARFAX also provides seven signs of flooding to look for when considering a used car purchase, including damp carpets, musty odors, and rust around doors and under the dashboard.
S&P Global Market Intelligence has unveiled a suite of generative artificial intelligence (GenAI) solutions through the new Labs section of the S&P Capital IQ Pro platform. These innovations include:
- Transcripts Trending Topics for uncovering trends from earnings call transcripts
- News Sentiment for quantitative sentiment signals
- Transcripts Key Phrases for identifying significant topics in earnings calls
Additionally, S&P Capital IQ Pro introduced GenAI enhancements such as Market Summaries, Transcript Summarization, and GenAI Search. These tools aim to streamline research processes and simplify client workflows, leveraging advanced analytics and AI to provide actionable intelligence from vast amounts of financial data.
S&P Global Commodity Insights has been chosen by Conservation International, on behalf of the Kenyan government, to develop Kenya's REDD+ registry. This registry, set to be operational by Q2 2025, will track carbon credits from projects aimed at reducing deforestation and forest degradation. Kenya is positioning itself as a pioneer in Africa for creating a national registry of REDD+ projects.
The registry will utilize S&P Global's Environmental Registry, which is being relaunched with enhanced features for improved efficiency and user-friendliness. This development aligns with Kenya's climate goals and is expected to generate new revenue streams for the country and local communities. The project also highlights Africa's potential role in the global carbon credit market, with Kenya being a key player in voluntary carbon markets.
S&P Dow Jones Indices (S&P DJI) and Brooklyn Investment Group have launched MyIndex™, a customizable version of S&P DJI's market-leading indices, on Brooklyn's managed accounts platform. This collaboration expands access to S&P DJI's indices, including core U.S. equity indices like the S&P 500®, S&P SmallCap 600®, and S&P MidCap 400®. The partnership allows market participants to build and implement bespoke, index-based portfolio solutions with automated tax-loss harvesting.
The initiative aims to meet the growing demand for indices and index-based solutions, offering investors more choice and flexibility. It reflects S&P DJI's commitment to engaging with various financial institutions and product providers to make their indices available through different channels and platforms.