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 (NYSE: SPGI) has acquired The Climate Service, Inc., enhancing its ESG insights and solutions portfolio. Founded in 2017, The Climate Service provides innovative climate risk analytics through its Climanomics® platform, which quantifies physical and transition climate risks. The acquisition follows S&P Global's milestone year with the launch of Sustainable1, aiming to deliver comprehensive data to clients. This move is expected to increase S&P's capabilities in providing climate-related financial disclosures and insights, aligning with the growing demand for evidence-based sustainability strategies.
iTeos Therapeutics (NASDAQ: ITOS) will replace Magellan Health (NASDAQ: MGLN) in the S&P SmallCap 600, effective January 5, 2022. This change coincides with Centene Corp. (NYSE: CNC) acquiring Magellan Health, pending final conditions. The adjustment is significant for iTeos as inclusion in a prominent index like the S&P SmallCap 600 can potentially improve market visibility and investor interest. This strategic move highlights the dynamic shifts within the healthcare sector as companies adapt to evolving market conditions.
S&P Global (SPGI) and IHS Markit (INFO) announced the sale of IHS Markit’s Base Chemicals business to News Corp for
S&P Global (SPGI) and IHS Markit (INFO) have signed agreements to divest IHS Markit's Base Chemicals business to News Corp for $295 million and S&P Global's CUSIP Global Services (CGS) to FactSet Research Systems for $1.925 billion. These divestitures are part of the regulatory conditions required to complete their merger. The companies expect to receive aggregate net proceeds of approximately $1.3 billion. Additional divestitures, including the Leveraged Commentary and Data business, are planned to meet regulatory approval, with the merger anticipated to close in Q1 2022.
The S&P/Experian Consumer Credit Default Indices for November 2021 show a slight decline in the composite default rate to 0.37%, down from 0.38% in October. The bank card default rate decreased to 1.94%, a drop of seven basis points, while auto loans rose to 0.44%. Notably, New York reported the largest decline in defaults among major metropolitan areas, falling to 0.30%. Dallas also experienced a reduction, while Los Angeles saw a rise in defaults. The indices provide insight into the consumer credit landscape across various loan categories.
S&P Global Platts released its 2022 energy outlook, noting significant volatility in energy markets. Key highlights include anticipated supply growth outpacing demand due to increased LNG exports and a rebound in US shale production. However, geopolitical risks in regions like Iran and Libya could disrupt these forecasts. Natural gas prices remain vulnerable to weather conditions, while global oil prices could test $100 per barrel if supply chains are affected. Despite calls for energy transition, demand for fossil fuels is expected to rise, indicating a complex market landscape ahead.
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