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.
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.
Summary not available.
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.
S&P Global (NYSE: SPGI) will announce its second quarter 2022 results on August 2, 2022, at approximately 7:15 a.m. EDT. A conference call, hosted by President and CEO Douglas L. Peterson and CFO Ewout Steenbergen, will follow at 8:30 a.m. EDT. Investors can access the live webcast and archived replay through the Investor Relations website. This session may include forward-looking information.
S&P Global provides critical data and analytics, essential for informed decision-making across various sectors, including finance and energy.