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.
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.
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.
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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.
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