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.
The S&P CoreLogic Case-Shiller Indices reported a 20.4% annual gain in U.S. home prices for April 2022, down slightly from 20.6% in March. The 10-City Composite grew 19.7%, and the 20-City Composite rose 21.2%. Tampa led cities with a 35.8% increase, followed by Miami at 33.3% and Phoenix at 31.3%. Month-over-month, the U.S. National Index rose 2.1% before seasonal adjustments. Despite these robust growth rates, signs of deceleration in price increases were noted, possibly influenced by rising mortgage rates.
S&P Global (NYSE: SPGI) announced that John Berisford will transition to an executive advisor role prior to his departure in December 2022. Berisford, who previously served as President of S&P Global Ratings, played a crucial role in integrating S&P Global following its merger with IHS Markit in February 2022. His leadership has been pivotal to the company's growth and strategic direction. Douglas L. Peterson, CEO, praised Berisford's contributions, emphasizing his impact on the company's transformation into a leading data and analytics provider.
The Board of Directors of S&P Global (NYSE: SPGI) has approved a cash dividend of $0.85 per share for the third quarter of 2022, payable on September 12, 2022, to shareholders of record on August 26, 2022. The annualized dividend rate stands at $3.32 per share. Notably, S&P Global has consistently paid dividends since 1937 and has increased its dividend annually for at least the past 49 years.
S&P Dow Jones Indices and Experian report an increase in the composite rate of consumer credit defaults, reaching 0.51% in May 2022. This marks the sixth consecutive rise in the rate. The bank card default rate decreased to 2.49%, while the auto loan default rate increased to 0.61% and the first mortgage default rate saw a minor rise to 0.36%. Among major metropolitan areas, Los Angeles experienced the highest increase in defaults, now at 0.45%, while Miami reached 0.84%.
S&P Global Ratings published an article on June 17, 2022, discussing the role of stablecoins in decentralized finance (DeFi). The analysis highlights that stablecoins must connect traditional finance to gain mainstream acceptance, amidst recent market disruptions revealing varied risks among them. Regulatory scrutiny is on the rise, particularly in the U.S., China, and the U.K., each taking distinct approaches to stablecoin legislation. The report emphasizes that stablecoins will contend with central bank digital currencies as their usage continues to grow.
S&P Global Commodity Insights has launched the oil industry's first carbon intensity measures for the six crude grades that form the global Brent benchmark. Published in kgCO2eq/b, this initiative allows purchasers to evaluate emission offset costs in their supply chains. Daily carbon-associated price premiums for these crude grades will also be made available. The analysis accounts for emissions from well production to storage, enhancing understanding of the carbon impact of crude purchasing. This development is expected to become a vital attribute in trading commodities.
S&P Dow Jones Indices announced record Q1 2022 buybacks of $281 billion, a 4% increase from Q4 2021. Total buybacks for the 12 months ending March 2022 reached $984.6 billion, up 97.2% from the prior year. A total of 374 companies reported buybacks, with top 20 firms accounting for 42.1% of the total. Despite a 13% drop in operating earnings, companies are expected to maintain buyback activities, benefiting EPS due to reduced share counts. Notably, S&P Global (SPGI) spent $7.1 billion in Q1 2022, a significant increase from $0.002 billion in the previous quarter.
S&P Global Commodity Insights has partnered with Snowflake to offer seamless access to its benchmark price data and market analysis through the Snowflake Data Cloud. This collaboration allows clients to eliminate on-premises databases, improving data integration into models and visualization tools. Clients can access over 15,000 daily price assessments across various commodities, enhancing productivity and decision-making speed in a fast-paced market. This initiative aligns with S&P Global's commitment to improve data accessibility and utilization.
S&P Global Ratings has released a report indicating that geopolitical disruptions from the pandemic and the Russia-Ukraine conflict are increasing credit risks globally. The report warns of deteriorating credit conditions due to potential sanctions, economic slowdowns, and policy missteps by central banks. Key issues highlighted include rising borrowing costs, systemic inequalities, and political instability in emerging markets. The report predicts 2022 will be marked by fragmentation and disruption that may reshape the global economy.
CARFAX reports over 50 million vehicles in the U.S. have known issues needing repairs, despite a 6% decline in open recalls from 2021. Sedans and SUVs are most affected, with southern states like Mississippi (24%) and Texas (23%) showing the highest open-recall rates. California leads with 5.6 million vehicles, while nationwide, over 37 million VINs are registered in CARFAX Car Care, which provides free recall monitoring services. Recall repairs are mandated to be free, with completion often taking less than a day.