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.
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S&P Global Mobility has revised its global light vehicle production forecast for 2022 and 2023, cutting it by 2.6 million units to 81.6 million and 88.5 million, respectively. The downgrade is attributed to the ongoing conflict in Ukraine and sanctions on Russia, impacting energy prices and supply chains. The North American outlook was also reduced by 480,000 units for 2022 and 549,000 units for 2023. The semiconductor supply chain remains strained due to Ukrainian neon and Russian palladium disruptions. Overall, nearly 25 million units are now removed from forecasts through 2030.
First Mortgage Default Rate Reaches Highest Level Since March 2021
On March 15, 2022, S&P Dow Jones Indices and Experian reported an increase in the S&P/Experian Consumer Credit Default Indices. The composite rate rose by 3 basis points to 0.46%, marking the third consecutive month of increases. The first mortgage default rate climbed to 0.34%, up 3 basis points. Moreover, the bank card default rate increased to 2.15%, while auto loan defaults slightly decreased to 0.52%. Notably, New York saw the biggest jump in defaults, reaching 0.64%.
S&P Dow Jones Indices reported that S&P 500 share buybacks hit a record $270.1 billion in Q4 2021, a 15.1% increase from Q3 2021. For the entire year, buybacks totaled $881.7 billion, up 69.6% from 2020. Despite a decline in the number of companies participating in buybacks, the trend remains strong with expectations of continued buybacks in Q1 2022 due to decreased share prices, potentially boosting earnings-per-share (EPS). The total shareholder return, combining buybacks and dividends, reached a record $404 billion in Q4 2021.
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Academy Sports and Outdoors (ASO) will replace Kraton (KRA) in the S&P SmallCap 600 index effective March 16, 2022. This change follows DL Chemical's acquisition of Kraton, which is expected to finalize on March 15. As a result, ASO will be added to the index while KRA will be removed. This shift highlights ASO's growing presence in the consumer discretionary sector.
automotiveMastermind, part of S&P Global Mobility, announced enhancements to its Mastermind platform aimed at boosting dealership service-to-sales operations. Key improvements include:
- Service-to-Sales Generator: Increases customer engagement and loyalty by targeting current and prospective vehicle owners.
- Dealertrack DMS Integration: Streamlines customer notifications to enhance service and sales efficiency.
- Expansion of Recall Data: Enables dealers to identify customers with open recalls, fostering retention and future sales.
These enhancements are designed to generate additional revenue opportunities amid inventory shortages.
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S&P Global Ratings has announced the suspension of its commercial operations in Russia due to safety concerns for its personnel. The company will continue to support its existing ratings analytically from outside the country and has implemented a comprehensive business continuity plan. Importantly, this move does not constitute a rating action. S&P Global Ratings remains a leading provider of independent credit ratings globally and emphasizes its commitment to delivering essential market intelligence.
S&P Global has announced the suspension of its commercial operations in Russia due to the ongoing invasion of Ukraine. The company, a key provider of independent news, research, and analytics, will continue to deliver critical information on Russian markets to help clients make informed decisions. S&P Global emphasizes its commitment to supporting its employees during this transition, asserting that their wellbeing is a primary concern. The company remains focused on providing essential intelligence to assist organizations in navigating global market challenges.