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The Latest Breaking News from McKinsey

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.

International Business Times

How to create a leadership factory for the 21st century

Building a leadership factory will help organizations withstand the next disruption—and such disruption is inevitable.

Fortune

Monzo founders says American dream is 'antithetical to British culure'

University undergrads in the U.S. are pitching Tom Blomfield startup ideas, while he says British PhDs are just going to McKinsey.

Fortune

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The millennial CEO of Too Good To Go started investing money from her first job at 12—it went towards founding her first company which sold to Under Armour for $85 million

Mette Lykke, the Gen Z-approved CEO of a trending food waste app, cycles 20 minutes to work, never skips a meal, and shops for clothes at airports.

Fortune

Is C3.ai Stock a Buy, Sell, or Hold on Big New McKinsey Partnership?

C3.ai partnered with consultancy firm McKinsey & Company to enhance enterprise AI capabilities.

Barchart

What your managers are really thinking about you

IN FOCUS: Managers are often the whipping boy for a toxic workplace environment. But with sicknote culture reaching epidemic levels, it’s time for a reset in the relationship between bosses and employees. Maira Butt examines where managers are going wrong, and what can be done to ensure everyone has a…

The Independent UK

C3.ai’s Unusual Options Activity Is Calling Your Name

Barchart

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‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics

Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch

The Guardian - UK

Top economies face 'population collapse' as fertility rates drop, and something's got to give, study says

China's population is projected to crash 55% by the turn of the next century. Italy's will sink 41%, and Brazil's will drop 23%.

Fortune

Washington Post's new ‘riveting’ mission statement for ‘all of America’ sparks instant mockery

‘Quick don't look is this the statement for Disney Plus, Max, or The Washington Post,’ one observer noted after it as reported The Washington Post had embraced ‘Riveting Storytelling for All of America’ as its new motto.

The Independent UK

Duke Energy CEO Lynn Good's advice to her younger self

Also: Volkswagen and Porsche CEO struggles to juggle both roles, More Meta cuts on the way.

Fortune

Ex-McKinsey partner pleads guilty to destroying records on opioids

Martin Elling pleads guilty to destroying records on advice provided to Purdue Pharma on how to ‘turbocharge’ sales

The Guardian - US

‘Virtual employees’ could join workforce as soon as this year, OpenAI boss says

Sam Altman says tools that carry out jobs autonomously, known as AI agents, could transform business output

The Guardian - UK

A Supportive Environment for Latino SMEs Could Produce $1.2 Trillion in Revenue in the Next Decades: Study

The report by McKinsey & Company explores the potential for Latino small-business growth, existing challenges, and potential ways to grow

Latin Times

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The Guardian - UK

How will AI reshape 2025? Well, it could be the spreadsheet of the 21st century

Large language models have changed how big corporations function, and the arrival of AI ‘agents’ – essentially automated Moneypennys – could prove irresistible

Latin Times

Latino Entrepreneurs See Progress in Credit Access, Yet Face Funding Gaps That Could Limit Growth

Despite the increase in credit applications, Latino-owned businesses still struggle with funding gaps, highlighting the need for targeted financial solutions to fuel growth.

Latin Times

Latinos in Hollywood: Untapped Talent Could Add $18 Billion Annually to the Industry

Despite making up 19% of the U.S. population, Latinos hold less than 5% of key Hollywood roles, limiting their full economic impact.

Latin Times

Latino Entrepreneurs Drive U.S. Business Growth Despite Challenges

Latino-owned businesses are growing rapidly, but closing key gaps in revenue and support could drive massive economic value and job creation nationwide.

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International Business Times

McKinsey To Pay $650 Mn To Settle US Criminal Case On Opioids

Consulting giant McKinsey & Company will pay $650 million to settle US criminal charges that it collaborated with Purdue Pharma to intentionally misbrand opioids, worsening a public health crisis, officials announced Friday.

The Guardian - US

McKinsey to pay $650m to resolve US investigation into opioid crisis role

Consultancy giant agrees to two criminal counts, including for conspiring with drug manufacturers, in DoJ settlement

Top News

Mckinsey Africa To Pay 2M Penalty For Bribery Scheme

McKinsey Africa to pay 2M penalty for bribery scheme involving South African officials. Settlement with U.S. Justice Department over 2012-2016 scheme.

The Guardian - AU

Agency overseeing $368bn Aukus deal in morale crisis paid consultancy $9.5m for management advice

Exclusive: Australian Submarine Agency’s ten-month contract with McKinsey says it’ll deliver skills ‘currently unavailable’ within government department

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