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.
S&P Global (NYSE: SPGI) announced the sale of its Leveraged Commentary and Data (LCD) business to Morningstar Inc. for $650 million in cash. This payment includes $600 million at closing, with a potential additional $50 million contingent on the transition of LCD customer relationships. The deal, which fulfills a divestment condition required by the European Commission following S&P's merger with IHS Markit on February 28, 2022, is subject to customary closing conditions.
S&P Dow Jones Indices and MSCI have concluded their annual review of the Global Industry Classification Standard (GICS) structure, resulting in key changes for 2023. Notable revisions include the consolidation of retail categories and updates in data processing classifications. However, proposals for reclassifying renewable energy companies were not adopted due to insufficient market consensus. The updated GICS will consist of 11 Sectors, 25 Industry Groups, 74 Industries, and 163 Sub-Industries, with full details to be shared with clients by December 15, 2022.
The report titled "Global Economic Outlook Q2 2022" highlights the modest impact of the Russia-Ukraine conflict on global economic growth, revising GDP forecasts to 3.6% worldwide, 3.2% for the U.S., and 3.3% for the eurozone. The eurozone is expected to suffer the most, with a 1.1% decline in growth, primarily due to its energy dependency. U.S. growth is impacted more by rising interest rates. Inflation remains a critical issue, with the U.S. Federal Reserve tightening policies to manage growth. The report is accessible to RatingsDirect subscribers and highlights the need for increased vigilance in economic stability.
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S&P Dow Jones Indices has launched the S&P GSCI Electric Vehicle Metals, a new futures-based index that tracks tradeable metals used in electric vehicle production. This index considers the relative usage of metals such as cobalt, copper, aluminum, nickel, and iron ore, offering valuable insights to investors focused on the green technology sector. The index showcases flexibility through regular updates, adapting to innovations in electric vehicle technology and new metal futures contracts. It is part of the broader S&P GSCI family, which provides diversification across liquid commodity futures.
The S&P Global Ratings report reveals that the Russia-Ukraine conflict is worsening credit conditions in emerging markets (EMs). Pre-existing inflationary pressures had already squeezed corporate margins and consumer purchasing power. The situation is exacerbated by rising energy and food prices, posing short-term challenges. Tightened financing conditions have led to increased volatility and widened spreads for EM corporates, particularly in the EEMEA region, making it difficult for low-rated entities to refinance or raise capital.
The latest study from S&P Global Market Intelligence reveals high job satisfaction among U.S. women in technology, with 53% very satisfied and 39% somewhat satisfied. Conducted in collaboration with the California Technology Council and WE Global Studios, the study surveyed 626 women and emphasizes the need for improved gender diversity and healthier company cultures. Key findings include the importance of flexible work arrangements and visible female role models in leadership. However, challenges such as harassment and inequitable pay persist, with one in three respondents reporting sexual harassment.
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On March 29, 2022, S&P Dow Jones Indices released the January 2022 results for the S&P CoreLogic Case-Shiller Indices, indicating a 19.2% annual gain in U.S. home prices, up from 18.9% in December. The 10-City Composite rose 17.5% and the 20-City Composite 19.1% annually. Notably, Phoenix, Tampa, and Miami led the growth with increases of 32.6%, 30.8%, and 28.1%, respectively. All 20 cities reported price hikes, suggesting a stable housing market despite rising interest rates.