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 leading provider of financial intelligence, delivering critical data through its credit ratings, market analytics, and benchmark indices. This page aggregates all official company announcements, press releases, and market-moving developments in one centralized location.
Investors and professionals will find timely updates on earnings reports, strategic partnerships, regulatory filings, and leadership changes. The curated collection spans SPGI’s core divisions – including market-shaping ratings assessments, commodity insights, and index updates – providing context for how each development impacts broader financial markets.
Content is organized chronologically track corporate milestones while maintaining focus on material events. Users can efficiently monitor regulatory disclosures, merger activity, and innovation initiatives like AI-driven data tools. Bookmark this page to stay informed about SPGI’s role in shaping global capital flows and risk management practices.
S&P Global Commodity Insights forecasts that Canadian oil sands production will reach 3.5 million barrels per day by 2030, reflecting a 17% increase from current levels. This forecast adjustment acknowledges a 100,000 b/d reduction from previous projections, largely due to investments in decarbonization and a focus on optimizing existing production rather than new projects. While near-term production may rise due to global energy concerns, long-term growth is tempered by investor priorities and pipeline capacity issues.
On July 26, 2022, S&P Dow Jones Indices released the S&P CoreLogic Case-Shiller Indices for May 2022, showing robust home price increases in the U.S. The National Index recorded a 19.7% annual gain, slightly down from the previous 20.6%. The 10-City Composite rose 19.0% and the 20-City Composite increased 20.5%. Notable city gains included Tampa at 36.1%, Miami at 34.0%, and Dallas at 30.8%. Despite these strong results, the ongoing rise in mortgage rates could challenge future price growth.
S&P Global Commodity Insights is set to launch daily Platts price assessments for carbon emissions from Aframax tanker freight on four European routes starting August 1. This initiative aligns with the EU Emissions Trading System (ETS), which mandates that shipowners account for carbon emissions. The new assessments are crucial for shipping sector transparency amid ongoing decarbonization efforts. They will provide insights on the cost of EU Emissions Allowances (EUAs) and integrate existing carbon intensity assessments initiated in October 2021.
MP Materials Corp. (NYSE: MP) will join the S&P MidCap 400 index effective July 27, 2022, as part of a change following the acquisition of Sanderson Farms Inc. (NASDAQ: SAFM) by Cargill and Continental Grain. This addition highlights MP's growing significance in the materials sector. Sanderson Farms will be removed from the index, impacting its stock listings. Such index inclusions typically provide increased visibility and can positively influence stock performance due to heightened investor interest.
S&P Global Mobility has introduced the Certified Polk Data Partner program to recognize marketing partners who effectively use Polk Automotive Solutions products in significant advertising campaigns. The inaugural partners include CF Search Marketing, Drive Auto, and Octane Marketing, which demonstrated expertise in data-driven strategies. This program offers partners exclusive training, early access to new audience segments and product updates, aiming to enhance campaign performance and drive sales for clients. The initiative underscores S&P Global Mobility's commitment to leveraging automotive data for greater market impact.
First Mortgage Default Rate Rises
The S&P/Experian Consumer Credit Default Indices report a rise in the composite default rate to 0.53% as of June 2022, marking its highest level since September 2020. The bank card default rate increased to 2.55% and auto loan defaults rose to 0.62%. In major metropolitan areas, Miami saw the largest increase, reaching 0.99%. Notably, the first mortgage default rate is now at 0.38%, up from 0.36% in May 2022.
Carfax highlights ways for drivers to improve fuel efficiency and save on gas expenses as prices average nearly $5 per gallon. By following maintenance and driving tips, such as proper tire inflation and regular oil changes, drivers could save up to $600 annually based on an average of 12,000 miles driven at 25 mpg. The press release emphasizes that a well-maintained vehicle not only improves gas mileage but can also add $2,000 in resale value.
S&P Global Market Intelligence has launched PVR Source, a new diligence platform designed to assist clients in managing compliance with SEC Rule 2a-5, which takes effect on September 8, 2022. The platform offers vital resources including pricing methodologies, due diligence documentation, and back-testing reports. It aims to provide transparency and support detailed vendor diligence. Executive Director Krishna Shetty emphasizes the importance of transparency in vendor processes for fair value pricing. The platform was developed using feedback from significant buyside firms and fund administrators.
The Platts Global Metals Awards announced 110 finalists from 22 countries for its tenth annual event, showcasing achievements in 17 categories. Organized by S&P Global Commodity Insights, the awards highlight innovations in energy transition and sustainability within the metals sector. Winners will be revealed at a gala on October 27 in London. The event signifies the industry's standards and acknowledges significant contributions to greener production and technological advancements.
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