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 as the average age of light vehicles in the US reaches 12.2 years, the aftermarket sector is poised for growth. The company cites ongoing supply chain challenges, impacting new vehicle sales and expected pent-up demand due to inflationary pressures. Despite a slow recovery in container shipping, risks remain, including potential strikes and COVID-related disruptions. Insights will be shared during the AAPEX and SEMA events in Las Vegas, highlighting trends affecting the aftermarket industry and the economic landscape.
Ukraine's Energy Minister, Herman Halushchenko, discussed the impact of Russian attacks on Ukraine's energy infrastructure in an interview with S&P Global Commodities Insights' Carlos Pascual. Over 30% of Ukraine's power generation capacity is reportedly destroyed. Halushchenko highlighted that current Russian gas flows through Ukraine are significantly below contracted levels, emphasizing the strategic use of energy in warfare. Additionally, Ukraine's underground gas storage remains secure, offering potential energy solutions for Europe. The interview sheds light on the ongoing challenges faced by Ukraine's energy sector amidst the conflict.
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S&P Global (SPGI) reported a 37% year-over-year increase in revenue to $2.86 billion but faced a 9% decline compared to pro forma revenue. Diluted EPS fell 44% to $1.84, with operating profit margin dropping 2,210 basis points to 29.8%. Adjusted revenue decreased 8% compared to non-GAAP pro forma figures. The company returned over $11 billion to shareholders via buybacks and dividends and is updating both GAAP and non-GAAP guidance for 2022, projecting a 30% revenue increase.
S&P Dow Jones Indices reported a significant deceleration in U.S. home prices for August 2022. The S&P CoreLogic Case-Shiller National Home Price Index showed a 13.0% annual gain, down from 15.6% in July. All 20 cities tracked experienced lower price increases year-over-year, with Miami leading at 28.6%. Month-over-month, the U.S. National Index dropped -1.1%, marking the largest historical deceleration. Rising interest rates are making housing less affordable, posing challenges for future price growth.
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S&P Global (NYSE: SPGI) released a new research report highlighting the leadership styles of women CEOs, particularly during economic uncertainty. The report, titled Women CEOs: Leadership for a Diverse Future, indicates that women leaders increasingly prioritize diversity, empathy, adaptability, and transformation in their communication. Key findings include a rise in the share of women CEOs to 5.4% in 2022 and a notable shift towards positive communication styles. The study emphasizes the effectiveness of women's leadership approaches in fostering a productive and sustainable workplace culture.
Bank card default rates declined for the third month in a row, according to the S&P/Experian Consumer Credit Default Indices released on October 18, 2022. The composite default rate remained steady at 0.57%, while the bank card default rate fell three basis points to 2.38%. Default rates for auto loans and first mortgages remained unchanged at 0.72% and 0.42%, respectively. Miami saw the largest decline among major cities, dropping 17 basis points to 0.99%. Other cities also experienced reductions, indicating a positive trend in consumer credit stability.
CPower, a leader in unlocking the value of Distributed Energy Resources (DERs), has been recognized as a finalist in the Grid Edge category for the 24th Annual S&P Global Platts Global Energy Awards. Following the acquisition of Centrica Business Solutions' U.S. demand response business, CPower now manages 6.3 GW of capacity. The company rewarded over 2,400 organizations with more than $230 million last year for their energy contributions. The winners will be announced on December 8 in New York City.
Novata, a leading ESG data management platform for private markets, has received the Network 20/20 Global Innovators Award for Governance and Institutions. This recognition highlights Novata’s commitment to sustainable capitalism through technology. Backed by key organizations including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), the platform aids in ESG metric selection, data collection, and investment analysis. The award, accepted by Lorraine Spradley-Wilson, acknowledges Novata's collaboration with industry experts to address ESG challenges. The company aims to simplify ESG data management for private markets.