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 and Amazon Web Services (AWS) have announced a new multi-year strategic collaboration to enhance cloud infrastructure and accelerate business growth. Under this agreement, AWS will be S&P Global's preferred cloud provider, facilitating improved service delivery for over 100,000 customers across 43 countries. S&P Global plans to migrate its Capital IQ and core data platforms to AWS by 2025. This collaboration aims to leverage advanced analytics, artificial intelligence, and machine learning to deliver insights and risk assessments, improving operational efficiency and enabling customers to innovate and navigate market uncertainties.
Novata has appointed Mona Sutphen, Partner and Head of Investment Strategies at The Vistria Group, to its Board of Directors, effective immediately. Sutphen brings over two decades of experience from both public and private sectors, having served as a Partner at Macro Advisory Partners and Managing Director at UBS AG. Her governmental experience includes being the White House Deputy Chief of Staff for Policy under President Obama. Novata, supported by major stakeholders including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), is a leader in ESG data management solutions for private markets, emphasizing sustainability and inclusivity.
The US automotive market is poised for a reset as inventories recover and demand softens due to economic headwinds. A recent report from S&P Global Mobility indicates a 91% rise in new-vehicle dealer stock since December 2022, leading to potential discounts for consumers. Key automakers, including GM, Ford, and Stellantis, may face competitive pressures to reduce prices, particularly on full-size trucks, to retain market share. Despite rising inventories, economist forecasts predict cautious consumer spending and reduced demand, prompting car manufacturers to strategize around pricing and inventory management in 2023.
On February 1, 2023, S&P Global (NYSE: SPGI) clarified its previously announced quarterly dividend of $0.90 per share, correcting an earlier report that indicated a 6.4% increase. The actual increase is 5.9%, with the dividend now remaining from $0.85 to $0.90 per share. This dividend is payable on March 10, 2023, to shareholders of record on February 24, 2023. The annualized dividend rate also remains at $3.60 per share.
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The sentiment level among S&P 500 firms has declined for three consecutive earnings seasons, but remains higher than during previous crises. A recently published report by S&P Global Market Intelligence reveals that firms' guidance for Q4'22 is stable, with expectations for revenue and profitability growth at historical averages. Interest rates are now the primary concern, overshadowing previous worries about supply chain issues and inflation. Notably, banks showed a significant drop in sentiment to a rank of 25, indicating muted expectations as they kick off the new season.
S&P Dow Jones Indices reported a decline in U.S. home prices for November 2022, marking the fifth consecutive month of decreases. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 7.7% annual gain, down from 9.2% the previous month. Month-over-month, there was a -0.6% decrease in the National Index, with all 20 cities experiencing declines. Miami, Tampa, and Atlanta reported the highest year-over-year gains at 18.4%, 16.9%, and 12.7%, respectively. Economic factors, including rising interest rates, may continue to challenge home prices.
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S&P Global Market Intelligence has launched Country Risk Scores and economic insights on its S&P Capital IQ Pro platform, enhancing its data and analytics offerings. This new feature includes a forward-looking country risk scoring system assessing the investment environment in 200 countries. Users will benefit from high-level country scores and access to macroeconomic indicators. The platform aims to help clients navigate economic uncertainties and geopolitical risks, particularly with expected recessions in Europe and North America. The enhancements also offer improved data visualizations and will soon incorporate additional macroeconomic indicators.
automotiveMastermind, part of S&P Global Mobility, announced a new integration with DealerSocket, enhancing dealership operations. The integration focuses on automating the notes feature within Mastermind’s platform, allowing dealers to efficiently track customer interactions and maintain a complete record in their CRM systems. This first phase aims to streamline operations and improve customer relationship management, enabling dealers to save time and increase visibility into their sales processes. The collaboration aligns with aM's strategic focus on beneficial integrations for 2023.