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Top stories summarized by our editors
Top stories summarized by our editors

Extreme weather fueling residential clean energy boom

9/23/2021

Homeowners in Texas, California and other states are increasingly turning to residential clean energy solutions like onsite solar and energy storage to defend against potential power outages linked to natural disasters and extreme weather events, such as February's energy crisis. Battery storage in Texas is on track to grow eight-fold year-over-year this month to 1,400 megawatts, per S&P Global Market Intelligence.

Extreme weather fueling residential clean energy boom

9/22/2021

Homeowners in Texas, California and other states are increasingly turning to residential clean energy solutions like on-site solar and energy storage to defend against potential power outages linked to natural disasters and extreme weather events, such as February's energy crisis. Battery storage in Texas is on track to grow eight-fold year-over-year this month to 1,400 megawatts, per S&P Global Market Intelligence.

Report: Canadian companies' ESG reporting is improving

9/22/2021

A report from environmental, social and governance consultancy Millani found 71% of S&P/TSX-listed companies have issued reports focused on ESG data disclosures, up from 36% that did so in 2016. Millani also found the companies' disclosures were more frequently in alignment with popular ESG-reporting frameworks.

Morgan Stanley sees potential drop for S&P

9/21/2021

Morgan Stanley strategists have aligned with the view of analysts at Citigroup and Goldman Sachs, notifying clients of a range of scenarios for the S&P 500 index, from a relatively healthy 10% correction if the Federal Reserve starts to taper its relief efforts, to a steeper fall of 20% or more prompted by market shocks.

Morgan Stanley sees potential 20% drop for S&P

9/21/2021

Morgan Stanley strategists have aligned with the view of analysts at Citigroup and Goldman Sachs, notifying clients of a range of scenarios for the S&P 500 index, from a relatively healthy 10% correction if the Federal Reserve starts to taper its relief efforts, to a steeper fall of 20% or more prompted by market shocks. The strategists say the more adverse scenario is feasible and recommend that investors move toward defensive stocks and high-quality entities.

New S&T Bancorp CEO McComish discusses bank's goals

9/17/2021

S&T Bancorp's new CEO Christopher McComish discusses how he has settled into the role and what's in store for the bank. "The reputation of this bank and what it's done over 119 years, particularly in this region, is very, very strong," McComish says.

Kagan: Carriage Blackouts Cost Networks $179.5 Million in Fees

9/14/2021

Blackouts of cable networks have cost programmers a total of $179.5 million in lost affiliate fees since 2013, according to a report by Kagan, a unit of S&P Global market intelligence, with more than $18 million of that hit occurring in 2020 alone.

Pay TV Blackouts Have Cost Programmers $180 Million Since 2013

9/14/2021

Blackouts of cable networks have cost programmers a total of $179.5 million in lost affiliate fees since 2013, according to a report by Kagan, a unit of S&P Global market intelligence, with more than $18 million of that hit occurring in 2020 alone.

Bank analysts warn of S&P 500 downturn

9/13/2021

Analysts at banks including Bank of America, Citigroup, Deutsche Bank and Morgan Stanley say the S&P 500 might face a downturn or at least provide lower returns in coming months. The index has broken 54 records this year, but analysts say economic optimism might be fully priced in, valuations are overstretched and investor sentiment is overexuberant.

BoA: S&P 500 vulnerable to increased cost of capital

9/10/2021

The S&P has posted gains for so long that it now has the characteristics of a 36-year zero coupon bond that is highly vulnerable to any increase in the cost of capital, according to Savita Subramanian, Bank of America's head of US equity and quantitative strategy. "Any move higher in the cost of capital via interest rates, credit spreads, equity risk premia, that's basically going to be a huge knock on the market relative to the sensitivity we've seen in the past," she said.