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.
Novata has appointed Mona Sutphen, Partner and Head of Investment Strategies at The Vistria Group, to its Board of Directors, effective immediately. Sutphen brings over two decades of experience from both public and private sectors, having served as a Partner at Macro Advisory Partners and Managing Director at UBS AG. Her governmental experience includes being the White House Deputy Chief of Staff for Policy under President Obama. Novata, supported by major stakeholders including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), is a leader in ESG data management solutions for private markets, emphasizing sustainability and inclusivity.
The US automotive market is poised for a reset as inventories recover and demand softens due to economic headwinds. A recent report from S&P Global Mobility indicates a 91% rise in new-vehicle dealer stock since December 2022, leading to potential discounts for consumers. Key automakers, including GM, Ford, and Stellantis, may face competitive pressures to reduce prices, particularly on full-size trucks, to retain market share. Despite rising inventories, economist forecasts predict cautious consumer spending and reduced demand, prompting car manufacturers to strategize around pricing and inventory management in 2023.
On February 1, 2023, S&P Global (NYSE: SPGI) clarified its previously announced quarterly dividend of $0.90 per share, correcting an earlier report that indicated a 6.4% increase. The actual increase is 5.9%, with the dividend now remaining from $0.85 to $0.90 per share. This dividend is payable on March 10, 2023, to shareholders of record on February 24, 2023. The annualized dividend rate also remains at $3.60 per share.
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The sentiment level among S&P 500 firms has declined for three consecutive earnings seasons, but remains higher than during previous crises. A recently published report by S&P Global Market Intelligence reveals that firms' guidance for Q4'22 is stable, with expectations for revenue and profitability growth at historical averages. Interest rates are now the primary concern, overshadowing previous worries about supply chain issues and inflation. Notably, banks showed a significant drop in sentiment to a rank of 25, indicating muted expectations as they kick off the new season.
S&P Dow Jones Indices reported a decline in U.S. home prices for November 2022, marking the fifth consecutive month of decreases. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 7.7% annual gain, down from 9.2% the previous month. Month-over-month, there was a -0.6% decrease in the National Index, with all 20 cities experiencing declines. Miami, Tampa, and Atlanta reported the highest year-over-year gains at 18.4%, 16.9%, and 12.7%, respectively. Economic factors, including rising interest rates, may continue to challenge home prices.
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S&P Global Market Intelligence has launched Country Risk Scores and economic insights on its S&P Capital IQ Pro platform, enhancing its data and analytics offerings. This new feature includes a forward-looking country risk scoring system assessing the investment environment in 200 countries. Users will benefit from high-level country scores and access to macroeconomic indicators. The platform aims to help clients navigate economic uncertainties and geopolitical risks, particularly with expected recessions in Europe and North America. The enhancements also offer improved data visualizations and will soon incorporate additional macroeconomic indicators.
automotiveMastermind, part of S&P Global Mobility, announced a new integration with DealerSocket, enhancing dealership operations. The integration focuses on automating the notes feature within Mastermind’s platform, allowing dealers to efficiently track customer interactions and maintain a complete record in their CRM systems. This first phase aims to streamline operations and improve customer relationship management, enabling dealers to save time and increase visibility into their sales processes. The collaboration aligns with aM's strategic focus on beneficial integrations for 2023.
On January 28, 2023, CARFAX released data revealing trends in vehicle accidents across the U.S. Georgia recorded the highest accident rate, followed by Kentucky and South Carolina. Conversely, Oregon led in the fewest accidents per 1,000 vehicles, trailed by Hawaii and Alaska. CARFAX estimated that vehicles with damage history lose about $400 in wholesale value and over $500 in retail value. Severe damage can cause losses exceeding $2,000 wholesale and $2,700 retail. Approximately 40% of U.S. vehicles have some damage, impacting their resale value significantly.