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.
automotiveMastermind, a part of S&P Global Mobility, has announced upgrades to its Mastermind platform, enhancing dealers' market insights and advertising capabilities. Key features include the new Market Impact dashboard for performance analytics, a Lease Buyout feature tracking lease customers, and integration with Meta for targeted digital advertising. From 2019 to 2022, lease buyouts surged from 12% to 45%, showcasing significant market shifts. These enhancements are designed to help dealers streamline operations, boost customer loyalty, and leverage first-party data for better sales outcomes amidst challenging economic conditions.
The GEP Global Supply Chain Volatility Index report indicates a sharp decline in demand for raw materials and components, suggesting a potential recession in early 2023. The index rose from 1.15 in November to 1.61 in December, highlighting increasing supply chain volatility. Businesses in Europe and North America are now prioritizing safety stockpiling due to a COVID-19 resurgence in China and rising concerns about supply and pricing. Key findings reveal labor shortages, falling demand, and low transportation costs, with Europe experiencing the most stretched supply chains. This data, sourced from S&P Global, indicates shifting market dynamics with implications for inflation.
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S&P Global (NYSE: SPGI) has announced an agreement to sell its Engineering Solutions business to KKR for $975 million in cash. This divestiture is expected to yield approximately $750 million in after-tax proceeds, which S&P Global plans to use for share repurchases. The transaction, anticipated to close by the end of Q2 2023, aligns with S&P Global's strategy to focus on core businesses. Engineering Solutions, serving over 6,000 customers globally, will benefit from KKR's investment in innovation and growth. The sale follows S&P Global's outlined intent to divest this segment as announced in November 2022.
S&P Global Sustainable1 and the UN Environment Programme launched the Nature Risk Profile on January 17, 2023, in Davos, Switzerland. This methodology aims to help the financial sector measure and address nature-related risks through data-driven analytics concerning companies' impacts and dependencies on biodiversity. With half of the world's GDP reliant on nature, biodiversity loss poses significant risks for businesses. The new metrics provide crucial insights for mitigating these risks, supporting the Kunming-Montreal Global Biodiversity Framework and aligning with the Taskforce on Nature-related Financial Disclosures (TNFD). The methodology will be open access and encourages collaboration across sectors.
S&P Global (NYSE: SPGI) will announce its fourth quarter and full-year 2022 results on February 9, 2023, at 7:15 a.m. ET. Following the announcement, company executives, including CEO Douglas L. Peterson and CFO Ewout Steenbergen, will host a conference call at 8:30 a.m. ET to discuss the results. The call is accessible for all interested parties and will be available via a live webcast and telephone access. Replay options will be available for a limited time post-call.
S&P Global Mobility has released a report indicating that the US electric vehicle (EV) charging infrastructure must expand significantly to meet growing demand. Currently, there are approximately 140,000 charging stations, but projections show this number needs to quadruple by 2025 and increase over eight-fold by 2030. With 1.9 million EVs currently in operation, the market is set to grow rapidly, potentially reaching 28.3 million by 2030. The report highlights the necessity for about 700,000 Level 2 and 70,000 Level 3 chargers by 2025, emphasizing that today's infrastructure is inadequate.
S&P Global (NYSE: SPGI) has acquired TruSight Solutions LLC, enhancing its KY3P® vendor risk management platform. The acquisition, finalized on January 1, 2023, aims to establish common industry standards and streamline third-party risk assessments, easing the burden on financial service providers. The integration will enrich S&P's offerings with validated assessment data, fostering efficiency and cost-sharing among clients. This strategic move reflects S&P's commitment to innovative solutions in risk management.
S&P Global (NYSE: SPGI) has announced the acquisition of ChartIQ, enhancing its S&P Capital IQ Pro platform and workflow solutions. The acquisition, finalized on January 1, 2023, aims to improve data visualization and advanced charting capabilities for clients. ChartIQ, recognized for its professional-grade charting tools, will enable users to visualize data interactively across platforms. This integration is expected to provide clients with access to a broader dataset and improved analytics, thus unlocking new opportunities in public and private markets.
S&P Dow Jones Indices announced updates to its market capitalization eligibility criteria for the S&P Composite 1500 Indices, effective January 4, 2023. The new criteria include:
- Minimum market cap for S&P 500 lowered from US$ 14.6 billion to US$ 12.7 billion.
- S&P MidCap 400 minimum raised from US$ 3.7 billion to US$ 4.6 billion.
- S&P SmallCap 600 minimum adjusted from US$ 850 million to US$ 750 million.
The Float Adjusted Liquidity Ratio (FALR) requirement decreases from 1.0 to 0.75, aiming to reflect improved liquidity in market additions.