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The Latest Breaking News from McKinsey

McKinsey Taps AI to Build PowerPoints and Draft Proposals, But Says Young Consultants Are Still Safe

McKinsey is using its AI platform, Lilli, to automate tasks traditionally performed by junior consultants, such as creating PowerPoint presentations and drafting proposals.

International Business Times UK

Anthropic Boss Warns: AI Could Obliterate 50% Of White-Collar Starter Roles

Anthropic's Dario Amodei predicts AI could eliminate half of entry-level white-collar jobs in 1-5 years, spiking unemployment. Can workers and policymakers adapt in time?

International Business Times UK

Luxury Bubble Bursts as Middle Class Abandons High-End Spending

The luxury bubble bursts with a 2% market drop in 2024 as middle-class shoppers abandon high-end purchases amid economic woes.

International Business Times UK

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Why Western Automakers Desperately Need Help From China

This is not your father's Audi.

InsideEVs

From novelty to normality: how AI is defining work in 2025

Two years after ChatGPT revolutionized the world, businesses are integrating AI into daily workplace operations. However, many employees have been using it for years, and expect seamless AI experiences from their employers.

TechRadar

The companies that had the best shareholder return in the previous recessions did these three key things

Despite what you'd think from the latest string of job cuts, history has shown that businesses that made long-term strategic moves before an economic downturn came out on top.

Fortune

E-REVs Can Unite A Divided America On Electric Vehicles

Covering the EV industry in the U.S. feels like being strapped to a rocket with zero control over the steering. The pace is warp speed, but the route is full of sharp, unexpected turns. That volatility can spook traditional car buyers who aren’t ready to give up gas cars with…

InsideEVs

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Most EV Buyers In The U.S. Won’t Buy A Gas Car Again: Study

Electric vehicles aren’t just better for the environment, they’re increasingly the smarter economic choice for your wallet, too. And according to a new McKinsey Company study, once people make the switch, they rarely look back.

InsideEVs

How Trump’s tariffs are dampening hopes of a luxury sector revival

The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.

Euronews

Strava buys London-based running app Runna

Runna was launched in 2022 by former McKinsey consultant Dom Maskell and running trainer Ben Parker.

Evening Standard

The Fed's Tom Barkin is a former McKinsey CFO. Here's his advice on how to ride out a crisis

There's currently a "deep fog of uncertainty" that's surrounding businesses, said Barkin, CEO of the Federal Reserve Bank of Richmond.

Fortune

Apple CEO Tim Cook is facing the most daunting moment of his career, but the former COO might be uniquely suited to navigate a tariff meltdown

The supply-chain whisperer also has a track record of successful negotiations with President Donald Trump.

Fortune

Why diverse teams are the future of the Tech industry

Diversity is not just a moral stand, but an effective business strategy.

TechRadar

Trump's Tariffs Could Force Stellantis to Sell Alfa Romeo and Maserati

Stellantis is already wounded. The conglomerate watched as sales and revenue nosedived through 2024, eventually leading to the abrupt resignation of its former CEO, Carlos Tavares. This was supposed to be a year of rebuilding for the company, but with Trump's steep tariffs now in effect and no indication of…

Motor1

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Euronews

Working in Europe: How can social mobility boost the continent's economy?

A new study shows that Europe's progress on social mobility has stalled over the past decade, holding back the continent's combined GDP by an estimated €1.3 trillion.

Fortune

Here’s why some companies have publicly defended their DEI commitment while others have scrapped their policies

The corporate DEI rollback is in full swing, but not everyone is taking part.

Fortune

How afraid should workers be of losing their jobs to AI agents?

Nearly one-third of workers already think that AI will lead to fewer jobs.

TechRadar

Smarter, faster, better: how AI is elevating the customer experience industry

Michael Mallet shares expert commentary on how AI is utilized in customer experience.

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Fortune

Trying to hire AI talent? A tech CFO says look for acquisitions

Research finds roles like AI data scientists will grow in demand, which means competing for talent will increase as well.

The Guardian - UK

‘Guess what? You don’t matter’: what Trump’s war on DEI means for every American who’s not a straight white man

The US government’s move to abolish diversity, equity and inclusion policies is a naked attempt to appeal to prejudice – but it may well backfire

Fortune

Three McKinsey chief diversity and inclusion officers argue that the biggest issue facing women at work is the ‘broken rung’

McKinsey’s Lareina Yee and two fellow senior partners are behind the new book The Broken Rung.

Fortune

Plenty of people give lip service to investing in women. She's devoted her career to it

Female Founders Fund is now on its third fund and has raised a total of $125 million from LPs including Melinda French Gates’ Pivotal Ventures, and Goldman Sachs.

Fortune

The wealth management industry is running out of advisors

A new report from McKinsey indicates the industry will be short 100,000 advisors, thanks to rising demand and talent/recruitment shortages.

Fortune

RTO mandates won’t solve your employee engagement problems—Try this instead

Return-to-office mandates won’t necessarily make your employees more productive.

International Business Times

Online Shopping Giants Bet On AI To Curb Clothes Returns

From sizing advice via selfies to robot stock-takers, online shopping behemoths have increasingly turned to artificial intelligence in a bid to stem the flow of bad-for-business clothes returns.

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