S&P Global Stock Price, News & Analysis

Bunge Limited (NYSE: BG) is set to replace Signature Bank (NASDAQ: SBNY) in the S&P 500 index before market open on March 15, 2023. This change comes after the Federal Deposit Insurance Corporation (FDIC) placed Signature Bank into receivership, rendering it ineligible for the index. The addition of Bunge, a major player in the consumer staples sector, highlights a significant shift in the index's composition. This move may affect investor sentiment towards both companies, particularly in light of Signature Bank's recent challenges.

The GEP Global Supply Chain Volatility Index, released on March 13, 2023, indicates a continued recovery in global supply chains, with a February score of 0.48, a significant drop from 0.97 in January, the lowest since August 2020. Demand for raw materials remains weak but has improved in North America and Asia, where purchasing activity has risen for the first time since July 2022. Additionally, companies are reducing safety stock levels due to longer lead times and improved materials supply. Labor shortages are minimal in affecting supplier capacities, and transportation costs have stabilized. The latest trends suggest ongoing challenges, particularly in the U.K.

Insulet Corp. (PODD) will replace SVB Financial Group (SIVB) in the S&P 500 index, effective March 15, 2023. This change follows the Federal Deposit Insurance Corporation's (FDIC) action to place SVB Financial Group into receivership, rendering it ineligible for the index. Insulet's addition highlights its growing presence in the health care sector, while the deletion of SIVB reflects the significant challenges faced by financial institutions. The S&P Dow Jones Indices oversees these adjustments, which can impact the market perceptions and valuations of the involved companies.

During CERAWeek 2023 in Houston, S&P Global will present the 2023 Energy Innovation Pioneers, celebrating groundbreaking companies in energy technology. Honorees include GreenFire Energy, Heaten, Mangrove Lithium, and others, recognized for their innovative strategies in promoting a lower-carbon economy. The event features sessions on adapting technologies for decarbonization and reconfiguring the global economy to meet energy needs sustainably. Key discussions will include the energy transition, sustainability challenges, and opportunities in energy security. CERAWeek runs from March 6-10, 2023, focusing on innovations that reshape the energy landscape.

Kensho Technologies, a subsidiary of S&P Global, introduced its new Natural Language Processing (NLP) tool, Kensho Classify, on March 2, 2023. This innovative solution enhances the accessibility and analysis of vast textual data, enabling smart searches and content recommendations for business and finance professionals. Classify requires only 30 data points for training, making it user-friendly and efficient. The tool aims to assist various sectors including business content providers and finance professionals in deriving actionable insights quickly. This release follows the recent introduction of the NERD UI, another NLP tool by Kensho.

CARFAX Canada has launched a new vehicle valuation offering named History-Based Value, designed specifically for dealers. This innovative valuation model automatically adjusts for each vehicle's unique history, including past damage and maintenance. History-Based Value is refreshed weekly to stay updated with market trends, providing dealers with accurate pricing tools. The launch comes in response to rising consumer expectations, as 1 in 3 car shoppers may reject offers perceived as unjustified. This makes CARFAX Canada's service essential for transparent and profitable vehicle dealings.

Novata, a technology platform for private markets, has announced the successful completion of its Series B funding, raising $30 million. This funding was led by Hamilton Lane (NASDAQ: HLNE) and included investors such as S&P Global (NYSE: SPGI) and Microsoft (NASDAQ: MSFT). The capital will enhance Novata's ESG data management platform, which now serves over 3,500 private companies. Launched in April 2022, Novata provides robust benchmarking capabilities and aims to increase ESG transparency in private markets. The company continues to position itself as a critical infrastructure for sustainable capitalism.