Benchmark Brent crude fell in morning trading in Asia, but the relief may be temporary

The US has authorized India to buy Russian oil. The discount has been replaced by a premium

Wealthy Emirati residents faced a choice: security or low taxes

Millionaires return to UAE to save tax residency - FT

Berkshire Hathaway Inc.

The investment firm hasn't bought back its securities since 2024 - it only does so when it believes they are undervalued by the market

Berkshire has renewed a buyback and its new head has spent a year's salary on shares

Oracle Corporation

Microsoft Corporation

Oracle, the owner of cloud services and data centers for AI, plans to cut thousands of employees in various departments, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-05/oracle-layoffs-to-impact-thousands-in-ai-cash-crunch">reports</a> citing sources. The company needs to optimize spending against the background of a sharp increase in spending on infrastructure for AI. This spending has already forced it to significantly increase its debt load. Investors liked the new way - the shares rose in price amid a general sell-off in the market.

Oracle is preparing massive employee layoffs. Money is needed for data centers for AI

Caterpillar Inc.

The Boeing Company

3M Company

NVIDIA Corporation

Advanced Micro Devices, Inc.

GE Aerospace

Major U.S. stock market indices collapsed on Thursday, March 5, failing to hold Wednesday's gains. Fears around the war with Iran intensified after it became known about strikes on several oil tankers. This triggered a panic sell-off, the price of oil jumped and the fear index soared. By the close of trading, the fall in stocks and the oil rally had slowed - in anticipation of a possible <a href="https://www.reuters.com/business/energy/us-weighs-oil-futures-market-action-combat-rising-energy-prices-wh-official-2026-03-05/">announcement of </a>measures to curb energy prices by the US Treasury Department.

Oil rally, stock market panic and falling gold: results of the sixth day of the war

Oil is an asset of trust, and trust starts to fracture when oil tankers become strike targets, says Stephen Innes, managing partner of SPI Asset Management

Oil prices soar to highest in more than a year due to Iranian attacks on tankers 

Broadcom Inc.

Marvell Technology, Inc.

Intel Corporation

Shares of Nvidia, AMD and Marvell have fallen sharply in price

The US may impose export licensing on all AI chips. What does this mean for the market?

Iran said it is "not asking for a ceasefire" from the U.S. and Israel and "sees no reason why the country should negotiate" after nearly a week of military operation, CNBC <a href="https://www.cnbc.com/2026/03/05/iran-us-war-invasion-abbas-araghchi.html">reported </a>. Iranian Foreign Minister Abbas Araghchi said in an interview with NBC News that Tehran is not afraid of a ground invasion because it would be able to stand up to the U.S. military. "And it would be a big disaster for them," the official warned.

Brent crude oil over $85, fear index soars 18%: Iran steps up military rhetoric

Prada S.p.A.

The luxury group posted its fifth consecutive year of sales growth

Prada increased revenue but warned of pressure on profits due to Versace

Star Equity Holdings, Inc.

Noble Capital Markets has initiated <a href="https://dashboard.channelchek.com/wp-content/uploads/pdf/STRR_20260304_28032.pdf">coverage</a>&nbsp;of Star Equity Holdings with an “outperform” rating and a valuation implying upside of about 60% from current levels. It says the diversified holding company is seeking replicate the playbook of Warren Buffett's Berkshire Hathaway in the micro-cap space.

Noble initiates on 'Mini Berkshire in the making' Star Equity with 60% upside 

Investors now it is more important to follow not political statements, but the structural weaknesses of importing countries, for which this conflict may become critical, JPMorgan strategist believes