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 Mobility reports that February 2023 U.S. light vehicle sales are projected at 1.1 million units, marking a 5% year-over-year growth and a 6% increase from January. The sales pace stands at 14.4 million units (SAAR), although this reflects a decline from January. Analysts note a rise in fleet sales, indicating consumer uncertainty. Despite concerns over demand destruction, expected increased production will improve vehicle availability by mid-2023, stimulating demand. The 2023 sales forecast is set at 14.8 million units, a 7% increase from 2022, driven by sustained development of battery-electric vehicle (BEV) sales.
S&P Global Mobility has announced the acquisition of Market Scan Information Systems, enhancing its automotive pricing and incentive intelligence capabilities. The move integrates Market Scan's Automotive Payments as a Service™ and payment calculation engine into S&P Global Mobility's offerings, aimed at providing greater value to dealers, OEMs, and lenders. Financial terms were not disclosed, but the acquisition is anticipated to bolster S&P Global Mobility's position in the growing digital automotive retail market. Leaders from both companies expressed excitement about the alignment of their visions and the potential for improved predictive pricing accuracy.
S&P Global Commodity Insights has announced details for the 13th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2023), scheduled for March 13-15, 2023, at Novotel Fujairah. Jointly hosted by the Government of Fujairah and the Port of Fujairah, the event follows a record oil handling year in 2022. Fujairah's storage capacity stands at 11.1 million cbm, with new storage projects expected. The forum will feature key speakers discussing topics under the theme 'The Maritime Energy Transition and Future Fuels,' addressing decarbonization and market trends affecting the bunkering industry.
A recent report by International Energy Forum and S&P Global Commodity Insights highlights the urgent need for upstream oil and gas investment to reach $640 billion annually by 2030, marking a 28% increase. Cumulative investment of $4.9 trillion is necessary to meet global demand and avoid shortages. Despite a 39% rise in capital expenditure in 2022 to $499 billion, drilling activity remains 10% below 2019 levels. Experts stress the importance of balancing traditional energy sources with renewables to ensure energy security and affordable supplies.
automotiveMastermind, a part of S&P Global Mobility, announces a new integration with Elead CRM, enhancing dealer partner efficiency. This integration allows Mastermind users to sync notes directly to Elead, streamlining customer communication and automating processes. Dealers can manage customer interactions more effectively, with notes automatically sent to the relevant deals in Elead. Chief Product Officer Aaron Baldwin emphasized the importance of CRM integrations for generating business outcomes. This marks automotiveMastermind's third key CRM integration, reinforcing its commitment to providing strategic technological solutions for dealerships.
TPM23 by S&P Global Market Intelligence will take place in Long Beach, CA, from February 26 to March 1, 2023. The event, organized by The Journal of Commerce, aims to address the evolving landscape of container supply chains post-pandemic. The conference theme, 'Picking up the Pieces,' will discuss significant changes in shipping dynamics, such as shifts in risk perception among stakeholders. Key speakers include industry leaders from companies like Maersk and MSC. The agenda covers topics like the economic outlook for container shipping, carbon-neutral strategies, and terminal efficiency improvements. For more details, visit events.joc.com/tpm.
The GEP Global Supply Chain Volatility Index, reported on February 14, 2023, fell to 0.97 in January, marking the lowest volatility since September 2020. Item shortages are decreasing, and transportation costs are normalizing as companies unwind their safety stocks.
Despite these improvements, global demand for raw materials and components remains significantly depressed, particularly in North America, raising persistent recession concerns. The report highlights a continued decline in procurement activity while Asian markets show signs of recovery post-COVID-19 restrictions.
S&P Global (NYSE: SPGI) reported strong fourth-quarter and full-year 2022 results, highlighting a 41% revenue increase in Q4 to $2.94 billion, though GAAP net income fell 36% to $433 million. For the year, total revenue was $11.18 billion, a 35% increase, while GAAP net income rose 7% to $3.25 billion. The company met merger-related synergy targets ahead of schedule, divested Engineering Solutions, and initiated a $12 billion share repurchase. However, challenges in Ratings revenue persisted, with a 29% decline in Q4 revenue to $705 million. A new financial target model was introduced during the 2022 Investor Day, paving the way for future growth.
S&P Global (NYSE: SPGI) and Amazon Web Services (AWS, NASDAQ: AMZN) have entered a multi-year strategic collaboration to enhance cloud infrastructure and accelerate growth. The partnership aims to extend advanced, secure cloud services to over 100,000 customers across 43 countries. By 2025, S&P Global plans to migrate its Capital IQ and core data platforms to AWS, enhancing data availability and efficiency. This collaboration will leverage AWS's technology to develop new capabilities in analytics and insights, addressing challenges in various sectors, including climate and sustainability.
S&P Global and Amazon Web Services (AWS) have announced a new multi-year strategic collaboration to enhance cloud infrastructure and accelerate business growth. Under this agreement, AWS will be S&P Global's preferred cloud provider, facilitating improved service delivery for over 100,000 customers across 43 countries. S&P Global plans to migrate its Capital IQ and core data platforms to AWS by 2025. This collaboration aims to leverage advanced analytics, artificial intelligence, and machine learning to deliver insights and risk assessments, improving operational efficiency and enabling customers to innovate and navigate market uncertainties.