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.
Odometer fraud is increasing, with CARFAX reporting over 1.9 million vehicles on the road having their odometers rolled back, marking a 7% rise from last year. Consumers could lose an average of $4,000 when unknowingly purchasing a car with a manipulated odometer. Public Relations Director Emilie Voss emphasized that digital odometers do not eliminate this issue, as fraudsters exploit the current used car market for quick profits. CARFAX provides a free tool to check for odometer fraud and offers protective tips, accessible at www.carfax.com/odo.
Novata has appointed Meredith Binder as Chief Marketing Officer and Beth Meyer as Chief Legal Officer, strengthening its leadership team in the ESG data management sector. Binder previously led marketing at S&P Global (NYSE: SPGI), while Meyer comes from Techstars, focusing on ESG compliance. Both executives are set to enhance Novata's mission to advance sustainable capital practices. Supported by major organizations like the Ford Foundation and Hamilton Lane (NASDAQ: HLNE), Novata aims to solidify its position in providing essential ESG insights for private market stakeholders.
According to S&P Global Commodity Insights, high natural gas prices and energy security concerns are making methane capture projects economically viable. The analysis indicates that over 70% of lost methane can be captured, equating to 80 bcm of new gas supply, including 40 bcm that could meet France's annual demand within 2-3 years. This effort could reduce greenhouse gas emissions by over 750 Mt CO2e, supporting both energy security and climate goals. Key barriers to implementation were identified alongside pathways to facilitate new projects.
S&P Global Market Intelligence recently concluded its first Finance Challenge Hackathon, engaging students from Villanova University to analyze the impact of inflation using S&P Capital IQ products. Over two weeks, students developed financial models addressing inflation's effects on markets and industries. The winning team, Team Elite, focused on real estate investment trusts (REITs) and proposed strategies to mitigate inflation's negative impact. This initiative enhances students' skills and prepares them for future careers in finance.
S&P Global Commodity Insights has released its 2023 energy outlook, highlighting that China's COVID-19 policy will be a critical factor for global energy demand. Expected growth in China's energy demand by 3.3 million barrels per day will drive 47% of global energy demand growth next year. While crude oil supply is forecasted to grow by 1.7 million b/d, it remains slower compared to 2022. Global commodity prices are anticipated to ease in 2023, but refining margins should remain strong. However, Europe's energy market faces tighter conditions due to reduced Russian gas supplies, leading to demand destruction.
S&P Dow Jones Indices released the S&P CoreLogic Case-Shiller Indices for September 2022, indicating a slowdown in U.S. home price gains. The National Home Price Index reported a 10.6% annual gain, down from 12.9% in August. The 10-City Composite and 20-City Composite also saw declines in their annual gains, at 9.7% and 10.4% respectively. Month-over-month, the U.S. National Index fell 1.0%, with declines evident across all 20 cities. Miami, Tampa, and Charlotte led in year-over-year gains, while rising interest rates may further weaken home prices.
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Ameresco (NYSE: AMRC) has been recognized as a finalist in the 2022 S&P Global Platts Global Energy Awards for two categories: Infrastructure Project of the Year and Corporate Impact, Sustained Commitment. The company was acknowledged for its installation of the largest floating solar array in the Southeast at Fort Bragg, part of a $36 million project aimed at enhancing energy resilience. Additionally, Ameresco’s community involvement includes over $172,000 in donations and 2,040 volunteer hours by employees through 2021. Winners will be announced on December 8 in New York City.
CARFAX has reached a significant milestone, announcing that its vehicle history database now contains over 30 billion records. This achievement highlights the company's dedication to providing comprehensive vehicle information to consumers, aiding in the buying, selling, and servicing of used cars. On average, CARFAX loads more than 6.6 million records daily, primarily consisting of service and maintenance details. The 30 billionth record is an 'offered for sale' entry for a well-maintained 2020 Kia Telluride. CARFAX is a division of S&P Global Mobility, part of S&P Global (SPGI).
S&P Global (NYSE: SPGI) has acquired the Shades of Green business from Norway's CICERO, enhancing its second party opinions (SPOs) offerings. The deal, finalized on December 1, 2022, aims to bolster S&P's expertise in sustainable debt markets. The global ESG debt universe has surged to $4.5 trillion, indicating a growing demand for such services. Shades of Green will leverage its climate risk assessment capabilities to support S&P's sustainability initiatives, reinforcing transparency and credibility in green financing.