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. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
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.
S&P Dow Jones Indices reported a net dividend increase of $14.6 billion in Q4 2022, down from $17.7 billion in Q3 2022 and $18.0 billion in Q4 2021. Overall for 2022, total increases reached $82.5 billion, while decreases surged to $14.3 billion, marking a 63.0% increase from 2021. The anticipated dividend growth for 2023 suggests continued strong payouts despite economic uncertainties. Notably, S&P 500 cash dividends achieved record levels, rising 10.8% year-over-year.
S&P Dow Jones Indices released the S&P CoreLogic Case-Shiller Indices for October 2022, revealing a decline in U.S. home price gains. The U.S. National Home Price Index increased by 9.2% year-over-year, down from 10.7% in September. The 10-City Composite rose 8.0%, and the 20-City Composite showed an 8.6% increase. Month-over-month, the indices fell by 0.5% (U.S. National), 0.7% (10-City), and 0.8% (20-City). Miami, Tampa, and Charlotte had the highest year-over-year increases. Economic conditions, including rising interest rates, may continue to pressure home prices.
The 41st annual CERAWeek by S&P Global will take place from March 6-10, 2023, in Houston, focusing on energy, climate, and security. Chaired by Daniel Yergin, the event will address challenges in the energy transition amid global volatility, emphasizing the need for secure, affordable, and sustainable energy solutions. Key themes include balancing energy security and affordability, geopolitics, and financing the energy future. The Innovation Agora will showcase cutting-edge technology in the energy sector. Notable speakers include leaders from various energy companies and governmental organizations.
S&P Global Mobility forecasts global light vehicle sales to reach 83.6 million units in 2023, reflecting a 5.6% increase year-over-year. Despite this growth, the outlook remains cautious due to factors like high interest rates, supply chain issues, and economic pressures leading to demand destruction. U.S. sales are predicted to rise to 14.8 million units, while Europe faces a mixed recovery with 13.9 million units forecasted. The semiconductor shortage and logistical challenges persist, delaying full production recovery until 2025.
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S&P Dow Jones Indices reported preliminary Q3 2022 buybacks for the S&P 500 at $210.8 billion, down 4.0% from $219.6 billion in Q2 2022 and 10.1% from $234.6 billion in Q3 2021. 319 companies executed buybacks, a decrease from 331 in Q2 2022. Financials rose 8.5% from Q2, but were 62.8% lower than Q3 2021. Energy saw a significant increase of 64.5% from Q2. Q3 dividends declined 0.2% to $140.3 billion, while total returns fell 2.5% to $351.2 billion.