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.
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S&P Global Mobility reports that March 2023 US auto sales are projected to reach 1.27 million units, marking an increase of over 11% from the previous month. However, the annualized sales pace is estimated at 13.8 million units, down from 15.9 million units in January. The first quarter average sales rate is 14.9 million units, the strongest since Q2 2021 but still below pre-pandemic levels. Analysts highlight rising vehicle prices and sustained demand despite economic uncertainties. S&P Global Mobility anticipates total 2023 vehicle sales of 14.9 million units, an 8% increase from 2022, aided by improved production and fleet demand.
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S&P Dow Jones Indices reported Q4 2022 stock buybacks at $211.2 billion, a slight increase from $210.8 billion in Q3 2022 but down 21.8% from Q4 2021's $270.1 billion. Overall, 2022 set an annual record at $922.7 billion, up from $881.7 billion in 2021. Dividends also grew by 4.1% in Q4 2022 to a record $146.1 billion, contributing to a total shareholder return of $357.3 billion for the quarter. However, a 1% excise tax on buybacks starting in 2023 may impact future earnings, potentially reducing Q4 2022 operating earnings by 0.46%.
On March 15, 2023, CARFAX unveiled its fourth annual list of the nation's top-rated auto service centers, derived from verified customer reviews via CARFAX Car Care. The honored centers attained an impressive average rating of 4.8 out of 5 stars. Over 30 million drivers utilize CARFAX Car Care for vehicle maintenance reminders and recall alerts. Award-winning centers will receive digital assets to promote their ratings online and custom materials for in-store display. CARFAX, a part of S&P Global Mobility, is recognized for its extensive vehicle history services and maintains the largest vehicle history database in the world.
Recent CARFAX data reveals that catalytic converter thefts in the U.S. far exceed previous estimates, with approximately 153,000 thefts reported in 2022. This figure was derived from an analysis of millions of service records. Thieves are increasingly targeting vehicles opportunistically, often in well-lit areas, including parking lots and dealerships. The stolen converters contain valuable metals like platinum, palladium, and rhodium, leading to costly replacements for car owners. CARFAX provided a list of the top targeted vehicles, including Ford F-Series and Toyota Prius, and offered prevention tips for consumers.
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.