Welcome to our Sunday edition, a roundup of some of our biggest news stories. Former Google executive Andrew Yeung has been dubbed the Gatsby of Silicon Valley. He shared the discussion format over coffee this helped him grow his tech events business to seven figures.

On the program today:

But first: What will happen after Donald Trump’s resounding announcement? American electoral victory.

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Preparation for 47

The costliest presidential election in history is over, and the effects of Donald Trump’s victory are already being felt in dollars and cents.

Stocks surged, ending the week at records. Bitcoin also hit record highs, while Tesla surpassed a Market capitalization of $1 trillion. Treasury yields also ended the week higher as investors bet the Trump White House would do so. stimulate inflation.

Large companies are already assessing the potential impact of tariffs. Outdoor brand Yeti is looking for new suppliers. Steve Madden plans to reduce his supply of goods from China. Airbus said it plans to pass on the cost of any tariff to airline customers.

In Silicon Valley, many venture capitalists and startup founders welcome the prospect of easing regulations and increased transaction activity.

On Wall Street too, there is hope less burdensome regulationespecially since several financiers offer advice to incoming administration.

And at least a media CEO hopes that Trump’s victory will open the doors to consolidation.

Meet Goldman’s new partners

Goldman Sachs has promoted 95 executives to its highest executive designation outside the C-suite. The new class represents the largest number of associates promoted under CEO David Solomon.

It is also one of Goldman’s most diversified companies. A record 26 are women – a demographic that has been closely watched following a series of departures of high-profile female partners – as well as a record level of promotions of Hispanic executives, a senior executive said. the company.

Check out the list.

Also read:

Andy Jassy hates bureaucracy

At an all-hands meeting this week, Amazon CEO Andy Jassy explained the company’s recent plan to reduce the number of managers. According to a recording of the meeting obtained by BI, Jassy said the move was aimed at eliminating bureaucracy.

The goal is to make faster decisions and reduce management levels that are killing Amazon’s unique culture, Jassy said. “The reality is that the S team and I hate bureaucracy,” Jassy said, referring to Amazon’s top management team.

Learn more about the everyone meeting.

Also read:

Risky business

There is no such thing as a free lunch – or, in the case of an investor, a free dinner. As a retiree, he was accustomed to avoiding the countless postcards offering a fancy dinner accompanied by a presentation on investment advice.

But on one occasion in 2010, he took the bait. There he met one of the hosts who ultimately advised him to invest in financial products which ultimately cost him part of his retirement savings.

Why these “free lunch seminars” are common in the industry.

The great wave of shoplifting in the United States

Ordinary Americans shoplift everything from measuring tapes to blocks of cheese. Rather than stealing out of necessity, these shoplifters are opportunists: adults with decent jobs, firmly entrenched in the middle class.

And they don’t feel particularly bad about it. Some of them view shoplifting as a stupid habit from their childhood that they never gave up, while others see it as a way to fight back against unfairly expensive products.

Behind the theft of retail products by ordinary people.

Also read:

This week’s quote:

“I congratulate President Trump and we look forward to working with the new administration to support sound policies that strengthen economic growth and financial stability.”

— David Solomon, CEO of Goldman Sachs in an internal memo to staff.

More top reads this week:

• Anthony Scaramucci tells BI four key reasons why Trump won.
• Sam Altman’s recruiting strategy bet on talent, not age.
• Silicon Valley is in mourning because of Trump, but quietly praising the coming resurgence of tech deals.
• After management changes and layoffs, Netflix’s head of video games reveals new role for AI.
• Donald Trump’s electoral victory big implications for Intel.
• Food deliveries are getting more and more expensive — but we can’t stop ordering.
• Your nest egg is that of private equity giant Apollo “the greatest opportunity” for growth.
• Leaked memo shows Google Workspace chief resigns.

• Hollywood becomes conservative and turns to religious and family shows.

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  The Insider Today team: Dan DeFrancescoassistant editor and presenter, in New York. Grace Lettpublisher, Chicago. Amanda Yenmy friend, in New York. Lisa Ryaneditor-in-chief, New York.