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The Latest Breaking News from McKinsey

AI Could Solve The Inflation And Growth Problems Of The World Economy — A Bullish Trend For Bonds And Stocks

"The notion of a virtuous cycle—wherein improvements in one domain precipitate enhancements across others—is particularly salient," said Patrick Fan, professor of business analytics at the University of Iowa's Tippie College of Business and an AI expert.

International Business Times

GenAI Revolutionizes Workforce by Enhancing Creativity, Productivity, and Personalization

Discover the difference between AI and GenAI, and how they can revolutionize the workplace. Learn about the challenges and potential of integrating GenAI i...

Top News

The Body Shop staff fear company will be broken up, risking 2,200 jobs

Aurelius, the German restructuring specialist, has broken up two other UK retailers

The Guardian - UK

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Top US consultancies face scrutiny over role in Saudi Arabia’s sports push

Senator suggests McKinsey, BCG and other firms may be violating federal disclosure rules

The Guardian - US

Sephora: ‘mothership of modern-day beauty industry’ revels in a retail makeover

LVMH-owned luxury makeup brand defies cost of living crisis with ‘open-sell’ format that shoppers seem to love

The Guardian - UK

Asset management industry sees once-in-a-generation opportunities in multiple areas

Learn about the recent opportunities in asset management outlined in McKinsey's report, including cash management, fixed income, private markets, and real ...

Top News

AI could widen the racial wealth gap and cost Black workers $43 billion

Companies must be intentional about the impact of AI on Black employees, or they risk widening racial wealth gaps, according to a new McKinsey report.

Fortune

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McKinsey to Pay Million in Opioid Crisis Settlement

Consulting firm McKinsey agrees to pay million to settle claims related to its role in fueling the opioid addiction crisis, reimbursing insurers and he...

Top News

Consulting firm McKinsey agrees to $78 million settlement with insurers over opioids

Consulting firm McKinsey and Co. has agreed to pay $78 million to settle claims from insurers and health care funds that its marketing work with Purdue Pharma helped fuel an opioid addiction crisis

The Independent UK

McKinsey's M Opioid Settlement with US Health Plans

McKinsey agrees to pay million in a US opioid settlement with health plans. A costly lesson for the influential consulting firm in the fight against th...

Top News

Financial Entities Risk Missing on Billions if They Don't Approach Latino Savers and Businesses: McKinsey

A new report sheds light on how improving services for this underserved demographic could also benefit financial institutions

Latin Times

Leaks Show McKinsey Pushed Fossil Fuel Agenda At Africa Climate Summit

Consulting giant McKinsey & Company sought to place controversial carbon market schemes favoured by its fossil fuel clients at the heart of the Africa Climate Summit, according to internal documents and sources who talked to AFP. The documents reveal that the firm worked behind the scenes to shape the agenda…

International Business Times

The average tenure of a Fortune 500 CFO is on a downward trend, a new analysis from Spencer Stuart finds

The research takes a look at the tenure, diversity, and experiences across 11 C-suite roles.

Fortune

How CFOs should be approaching AI, according to a McKinsey expert who believes the opportunities go far beyond productivity

Generative AI can be a tool used to “reimagine your business and your industry,” Alexander Sukharevsky said.

Fortune

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Fortune

70% of jobs can be automated, McKinsey’s AI thought leader says—but ‘the devil is in the detail’

“We got it wrong many times with dotcom and crypto and a few other things,” said QuantumBlack’s Alexander Sukharevsky, but this is a “platform shift.”

Fortune

Larry Summers, who more and more thinks 'ChatGPT is coming for the cognitive class,' just joined OpenAI's board to seal Sam Altman's triumphant comeback

The former Treasury secretary told Bloomberg months ago that "the people who write articles and their friends" are more at risk from tech this time around.

Fortune

How are companies strategizing with AI? Experts from Accenture, McKinsey, and BCG explain

AI is still accelerating at a rapid pace, and for some companies, there's a fear of missing out.

Fortune

FOMO, ‘when’ and ROI: CEOs are stressed about AI, and an army of experts are helping them decide where to place the right AI bets

Here's how to understand the what, when, and why of spending dollars on AI.

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The Guardian - UK

Stock of British electric moped brand Zapp hits skids months after US listing

The company has lost much of its value after market scepticism about startups’ prospects

Fortune

Inside a bankruptcy committee’s ongoing investigation into the failure of Silicon Valley Bank

Since June, the Committee has subpoenaed documents from McKinsey, Curinos, BlackRock, Ernest & Young, and Goldman Sachs to unearth all available information.

Fortune

Business leaders share their best practices when implementing AI

Leaders from companies like Intuit and Nationwide will share the playbook they follow to implement AI and how they do this responsibly.

France 24

McKinsey & Company pushes fossil fuel interests as advisor to UN climate talks, whistleblowers say

The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources…

The Independent UK

UAE-based broadcaster censors satiric 'Last Week Tonight' over Saudi Arabia and Khashoggi killing

A Dubai-based television network broadcasting across the Mideast cut substantial portions of an episode of the satiric news program “Last Week Tonight with John Oliver” over references to Saudi Arabia’s crown prince being implicated in the killing of Washington Post columnist Jamal Khashoggi

Fortune

The most innovative companies follow these 6 strategies, according to McKinsey

Some companies that outperformed in these areas obtained higher cumulative total shareholder returns, according to the research.

Fortune

Can design save the world? A 'Burning Man'-like alliance is giving it a shot

The "Design For Good" alliance is tackling societal problems, like access to clean water.

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