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 Commodity Insights has successfully reviewed and included four additional oil terminals into its Platts Dated Brent and Cash BFOE price assessment processes for June 2023 deliveries. This brings the total to 11 terminals now authorized to deliver WTI Midland crude oil into the Brent benchmark, enhancing supply diversity. The new terminals include EPIC Crude Terminal, Enterprise Houston Ship Channel, Buckeye Texas Hub, and Enbridge Ingleside Energy Center. The first inclusion of a non-North Sea crude grade aims to strengthen the Brent complex for the future.
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S&P Global Market Intelligence's 2023 Electric, Natural Gas and Water Utilities Outlook predicts a challenging yet promising future for commodities prices, particularly in metals like copper and lithium. The report highlights that the Inflation Reduction Act will boost U.S. renewable energy capacity by 150GW, driving demand for key materials amid a projected drop in commodity prices for 2023. As electric vehicle demand grows nearly 30% annually, supply is expected to lag behind consumption, leading to potential shortages by 2024, impacting investors and utility sectors significantly.
S&P Global Market Intelligence released its 2023 Technology, Media and Telecommunications (TMT) Industry Outlook, projecting a significant growth in AR and VR technologies, estimating installed devices to reach 73.6 million by 2026. The report highlights the rapid adoption of AR and VR in both gaming and enterprise sectors, along with implications for datacenter sustainability amid an energy crisis. The fintech sector continues to attract substantial investments, while challenges like rising inflation may impact consumer streaming subscriptions. The report reflects ongoing shifts to a digital economy.
S&P Global Commodity Insights discusses key themes ahead of COP27 in Egypt, highlighting challenges posed by geopolitical and economic factors. Analysts emphasize the possibility of backtracking on climate commitments due to the global energy crisis and economic instability. Key topics include whether countries can unite on climate goals, the relevance of COP in achieving collective actions, and the impact on voluntary carbon markets. The necessity for wealthier nations to support poorer countries in decarbonization efforts amid recent climate-related disasters is also noted.
According to S&P Global Market Intelligence's 2023 M&A Industry Outlook, overall global M&A activity fell over 35% year-over-year in the first nine months of 2022. Key factors include rising interest rates and economic uncertainty impacting dealmaking. Large transformational transactions have become rare, and many private equity firms are opting out due to increased acquisition financing costs. Although M&A activity is expected to face challenges in the near-term, it is anticipated to surpass 2022 levels. Notably, sectors like Metals & Mining remain active despite macroeconomic pressures.
CARFAX Canada predicts a challenging winter for Canadians with potentially record-breaking cold and snow. Statistics reveal that over 1/3 of accidents occur in winter months, emphasizing the necessity for appropriate winter tires. Current findings show only 76% of car owners utilize winter tires, and 80% have avoided driving due to snow. The company advises tire changes when temperatures drop to 7°C or lower. CARFAX Canada Car Care offers maintenance reminders, promoting vehicle readiness for the winter months.
The S&P Global Market Intelligence report, 2023 Economics & Country Risk Outlook, emphasizes the persistent global challenges of security, financial stability, and supply chains. As geopolitical tensions rise, particularly due to Russia's invasion of Ukraine, Europe faces economic risks that may worsen in 2023. Central banks will maintain focus on inflation amid tightening financial conditions, potentially slowing global growth and deepening recessions in Europe. Key factors such as energy security and economic strategies will shape the future landscape.
The 2023 Financial Institutions Industry Outlook report by S&P Global Market Intelligence discusses the impact of rising interest rates on the financial sector. The report indicates that while higher rates benefit bank margins, they also raise concerns about loan losses and a potential recession. Key insights include predicted bank margin increases to 2.77% in 2022 and expectations for credit costs to normalize in 2023. Additionally, inflation will likely affect underwriting profitability in property and casualty insurance, while fintech startups face capital access challenges due to the changing economic landscape.
On October 31, 2022, S&P Global Mobility published a report highlighting the challenges faced by the electric vehicle (EV) industry due to geopolitical instability and supply chain issues. Rising prices of critical battery metals threaten profit margins for suppliers and manufacturers. To meet ambitious sales goals, the industry must scale to meet a projected demand of 3.4 Terawatt hours (TWh) of lithium-ion batteries by 2030, up from just 0.29 TWh in 2021. The report also notes a significant reliance on raw materials from China, posing risks for OEMs in diversifying their supply chains.