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. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
CARFAX reports alarming maintenance delays in US vehicles, with approximately 20% behind on oil changes and 30% on tire rotations, affecting over 30 million vehicles total. The company warns about the risks of neglected maintenance, especially during holiday travel season. Low or dirty oil can lead to engine failure, while skipped tire rotations may cause uneven wear and increased risk of flats or blowouts. The report also emphasizes the importance of winter-specific maintenance, including checking wiper blades, batteries, cooling systems, and considering winter tires for safer holiday travel.
S&P Dow Jones Indices announced index rebalances effective prior to the open on November 26, 2024. Texas Pacific Land (TPL) will join the S&P 500; Mueller Industries (MLI) moves to the S&P MidCap 400; Atlas Energy Solutions (AESI) joins the S&P SmallCap 600.
Marathon Oil (MRO) will be deleted from the S&P 500, reflecting ConocoPhillips (COP) announced acquisition of Marathon Oil expected to close November 22, 2024, subject to final closing conditions.
S&P Global Market Intelligence has released a report highlighting the convergence of public and private credit markets in 2024 and its expected continuation into 2025. The report reveals that while public debt markets have grown, the $1.5 trillion private markets continue rapid expansion. Key findings show that Credit Default Swap (CDS) credit events have remained low, with only two credit event auctions in 2024. The private credit market is projected to double by 2028, though regulators and investors are calling for increased oversight in this largely unregulated space. The report notes that companies now have unprecedented access to private credit sources, potentially affecting credit risk transparency.
S&P Global Market Intelligence has released an analysis examining key M&A trends through 2025. While M&A announcements have increased in 2024, they remain below pre-pandemic levels and far from 2021's records. Private equity firms are showing increased activity and are expected to deploy more capital in a lower rate environment. The report highlights that oil and gas sector consolidation continues despite antitrust concerns, with North American transactions reaching record levels. The technology sector shows potential for recovery, though traditional strategic acquirers remain less active. Lower interest rates and a less restrictive regulatory environment are expected to create more favorable conditions for dealmaking.
Haynes International (HAYN) will be removed from the S&P SmallCap 600 index due to its pending acquisition. Dream Finders Homes (DFH) will replace HAYN in the index effective prior to market opening on Monday, November 25, 2024. The change comes as Haynes International's acquisition is expected to close soon, pending final conditions. Dream Finders Homes will be classified under the Consumer Discretionary sector, while Haynes International was previously listed under Materials.
Dream Finders Homes (NYSE: DFH) will be added to the S&P SmallCap 600 prior to the opening of trading on November 25, 2024, replacing Haynes International (HAYN). The table listing shows the effective date, action, ticker, and GICS sector as Consumer Discretionary.
Haynes is being removed as it is being acquired pending final closing conditions.
S&P Global Market Intelligence has released a report analyzing commercial real estate (CRE) market challenges. The study highlights that while higher interest rates and post-pandemic behavior changes are pressuring CRE borrowers, the impact varies across asset classes. The report reveals that approximately $950 billion of CRE mortgages are due in 2024, with rates nearly 200 basis points below current origination rates. While increased defaults are expected, particularly in the office segment, analysts suggest the stress won't be severe enough to threaten the US economy. Despite concerns, life insurers' mortgage loan holdings continue reaching record highs in 2024.
S&P Global Market Intelligence has released a report examining how climate change and extreme weather are transforming the insurance industry. The report highlights how secondary perils like floods, fires, and severe convective storms now constitute a larger portion of catastrophe losses compared to traditional peak perils like tropical cyclones and earthquakes.
The report reveals that secondary perils contributed to the global reinsurance industry failing to earn its cost of capital for five out of six years between 2017 and 2022. A notable example is Hurricane Helene's unexpected devastation in the Appalachian Mountains rather than coastal regions. The report also notes significant flooding events in Europe during 2024, with data suggesting northern Germany will face increased pluvial flooding risks by the 2050s.
Cercarbono, a Colombian standards-setting body for greenhouse gas reduction projects, has become the first participant in S&P Global Commodity Insights' Meta Registry® platform. This innovative solution connects environmental registries worldwide to enhance tracking, transfer, and retirement of carbon credits while mitigating double-counting risks.
The platform provides seamless connectivity between carbon reduction programs, national registries, buyers, sellers, and trading exchanges through a single dashboard. Cercarbono brings approximately 160 environmental projects to the platform, spanning across multiple countries including Colombia, Brazil, Mexico, and Peru. The registry focuses on ecosystem preservation and emerging technologies, with South American countries contributing nearly 15% of all carbon credits historically.
Concentra Group Holdings (NYSE: CON) will be added to the S&P SmallCap 600 effective prior to the open on Nov 27, 2024, replacing Myers Industries. Select Medical is distributing 80% of Concentra shares to shareholders in a transaction expected on Nov 26, 2024. Separately, Flex (FLEX) will join the S&P MidCap 400 on Nov 25, 2024, while Azenta (AZTA) moves to the S&P SmallCap 600 as Envestnet (ENV) is removed ahead of a Bain Capital acquisition.