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Money Talk

Finance and markets: business, quotes, gold, energy and releases.

EnergyPutin Tightens Grip as Russian Economy Faces StagnationTASS / V. Sharifulin

Putin Tightens Grip as Russian Economy Faces Stagnation

United Russia secured 349 of the 450 seats in the State Duma, cementing an unprecedented majority that includes 50 combat veterans from the Ukraine conflict. While this electoral sweep effectively neutralizes formal political opposition, the Kremlin’s absolute control masks growing structural vulnerabilities within a fragile, war-dependent domestic economy.

Vatrer Power Debuts Lithium Conversion Kits at 2026 Golf Carting ExpoReleases

Vatrer Power Debuts Lithium Conversion Kits at 2026 Golf Carting Expo

At the North Charleston Convention Center, Vatrer Power is positioning its LiFePO4 battery technology as the primary successor to traditional lead-acid systems. Running through October 3, the company is using the 2026 Golf Carting Expo & Dealer Summit to demonstrate conversion kits tailored for major brands like Club Car and Yamaha.

Kal Plastics Returns to Pasadena Design-2-Part ShowReleases

Kal Plastics Returns to Pasadena Design-2-Part Show

Pasadena’s Convention Center will host the Southern California Design-2-Part Show on October 14–15, 2026, marking a significant return for the regional manufacturing event. Among the exhibitors, Vernon-based Kal Plastics plans to showcase its heavy-gauge thermoforming and pressure forming capabilities to engineers and procurement professionals.

Releases

Investors Face October Deadline in Flotek Industries Fraud Lawsuit

Investors who purchased Flotek Industries, Inc. securities between August 3 and August 17, 2026, face an October 26 deadline to petition the court to serve as lead plaintiff. The Rosen Law Firm is currently organizing a class action lawsuit following allegations of misleading statements regarding a major energy project.

Wrongful Death Lawsuit Filed Against Fallbrook Care Facility

Beta Bionics Faces Securities Lawsuit Over iLet Insulin Pump Failures

Market Quotes

Samsung Invests $1 Billion Into KKR-Backed AI Infrastructure Firm

Samsung has pledged $1 billion to Helix Digital Infrastructure, a platform established by KKR and Nvidia to address the surging demand for AI-ready data centers. This commitment pushes the company's total secured capital past $11 billion, fueling a massive push to solve bottlenecks in power, cooling, and hardware.

Paramount and Warner Bros. Rally on Merger Talks

TRex Bio Targets Nasdaq IPO to Advance Immune Therapy Pipeline

Energy

U.S. Oil Drilling Activity Climbs Despite Market Cooling

Domestic oil production hit 13.955 million barrels per day as the active rig count edged higher, even as global benchmark prices retreated. While gas drilling slowed, the energy sector remains significantly more active than this time last year, with completion crews continuing to ramp up operations for the third consecutive week.

Seoul Disputes Trump’s $8.4 Billion Oil Investment Claim

Tajikistan Turns to Iran for Fuel as Russian Supplies Falter

Business

Bessent and He Open High-Stakes Talks Ahead of Trump-Xi Summit

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng gather in Manhattan on Sunday to negotiate a precarious trade truce and establish AI safety protocols. The talks serve as a critical precursor to this week’s presidential summit, as both nations seek to avoid further economic escalation.

China Holds Lending Rates Steady Amid Global Policy Shift

US Treasury Chief Bessent and China’s He Lifeng to Hold Talks in New York