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☆ 12 portfolio companies report earnings in the week ahead. What we want to hear from each
▼ + stars: | 2024-04-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.

Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

Two idled reactors at Shika nuclear power plant on the Noto Peninsula in Ishikawa suffered power outages because of damage to transformers. All Japanese nuclear power plants were temporarily shut down after the 2011 Fukushima nuclear disaster for safety checks under stricter standards. They are asking officials to freeze the screening process while damage at the Shika nuclear plant is fully examined and safety measures are implemented. Nuclear safety officials have noted that the extensive damage suffered by houses and roads in the area of the Shika plant make current evacuation plans largely unworkable. Hundreds of other residents of towns hosting nuclear plants submitted similar requests to regulators and Prime Minister Fumio Kishida earlier this week.

Persons: Susumu Kitano, Fumio Organizations: TOKYO, Hokuriku, Co, Nuclear, Authority Locations: Ishikawa, Noto, Tokyo, Kanazawa, Fukui prefecture, Niigata prefecture

Large amounts of radioactive wastewater have accumulated at the nuclear plant since it was damaged by a massive earthquake and tsunami in 2011. It began discharging treated and diluted wastewater into the ocean on Aug. 24 and finished releasing the third 7,800-ton batch on Monday. The discharges have been strongly opposed by fishing groups and neighboring countries including China, which banned all imports of Japanese seafood, badly hurting Japanese producers and exporters of scallops and other seafood. Japan’s government has set up a relief fund to help find new markets for Japanese seafood, and the central and local governments have led campaigns to encourage Japanese consumers to eat more fish and support Fukushima seafood producers. The tanks currently hold more than 1.3 million tons of wastewater, most of which needs to be retreated to meet safety standards before release.

Persons: Fumio Kishida, Xi Jinping, Kishida Organizations: TOKYO, Tokyo Electric Power Company Holdings, Asia Pacific Economic Cooperation, TEPCO Locations: China, San Francisco

Electric power transmission pylon miniatures and Iberdrola logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Nov 17 (Reuters) - Spanish utility Iberdrola is planning to make an offer for Electricity North West (ENWL) that could value the British power distribution network at a maximum of 3.5 billion pounds ($4.34 billion), two sources familiar with the matter said. Iberdrola (IBE.MC) declined to comment on any involvement in the ENWL sale process, which one of the people, who spoke on condition of anonymity, said is expected to start in December. Iberdrola is ramping up its investments in electricity networks, aiming to deploy 27 billion euros until 2025, with the goal of achieving 30% growth in core earnings of its networks unit to up to 8.5 billion euros. Iberdrola expects to receive around 6 billion euros from partnerships and asset sales by the end of the year that will help it close 2023 with a net debt of around 43 billion euros, roughly in line with 2022.

Persons: Dado Ruvic, Jefferies, KKR spokespeople, JP Morgan, Andres Gonzalez, Pietro Lombardi, Anousha Sakoui, Alexander Smith Organizations: REUTERS, Electricity, Reuters, Japan's Kansai Electric Power Co, Macquarie, KKR, ENWL, Scottish Power, Colonial First State, Iberdrola, Thomson Locations: Manchester , Lancashire, Cumbria, Iberdrola, ENWL, Merseyside , Cheshire, North Wales, North Shropshire, England, Central, Southern Scotland

The capacity payments will be calculated based on fixed costs of 330 yuan ($45.25) per kilowatt per year for coal plants. Analysts said the move was important to ensure the financial viability of seldom-utilised, backup coal power, which is used for demand peaks or when renewable power generation is insufficient. However, observers also cautioned that the policy could risk entrenching inefficient coal power in China's energy system, despite its rapid expansion of renewable power generation capacity. "Capacity-based electricity pricing for coal power will further incentivise state-owned enterprises in China to build new coal power projects in the short term. Capacity payments should be for all power producers, not only for coal power," said Zhang Kai, deputy program director for Greenpeace East Asia in Beijing.

Persons: David Fishman, Xuewan Chen, Group's Fishman, Zhang Kai, Colleen Howe, Andrew Hayley, Edmund Klamann, Muralikumar Anantharaman, Kim Coghill Organizations: National Development, Reform Commission, Reuters, Analysts, Lantau, LSEG, Jinneng Holding, Power Co, Centre for Research, Energy, Clean, Greenpeace East, Thomson Locations: BEIJING, China, Shanghai, Beijing, Shanxi, Jiangxi Ganneng, Hunan, Greenpeace East Asia

☆ Stocks making the biggest moves premarket: Rivian, Warner Bros., Lyft and more
▼ + stars: | 2023-11-08 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Lyft — Shares gained 2.9% ahead of the rideshare company's earnings set for release postmarket Wednesday. Analysts surveyed by FactSet's StreetAccount expect 15 cents per share in earnings on revenue of $1.14 billion, while Lyft's past guidance forecast revenue to come in between $1.13 billion and $1.15 billion. eBay — Shares tumbled 6.8% after the online marketplace offered weak guidance for revenue in the current quarter and full year. Otherwise, eBay beat analyst estimates for third quarter earnings per share, while revenue for the period matched the consensus LSEG forecast. Robinhood Markets — Shares dropped 9% after Robinhood reported disappointing third-quarter revenue.

Persons: FactSet's StreetAccount, Goldman Sachs, Robinhood, Estee Lauder —, TD Cowen, Alex Harring, Sarah Min, Michelle Fox Theobald Organizations: eBay, Warner Bros, HBO, Food Network, Network, Studios, Networks, Disney, ESPN Locations: China

☆ These stocks are leading the market's comeback and analysts think they have more to go
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The names we found also have a consensus price target that calls for further appreciation of 20% or more from here on out. Discovery has the biggest potential upside — 55% — on the screen, looking at its consensus price target among analysts. Not only has the dominant e-commerce platform gained more than 66% this year—it also stands to rise anogther 24.4% based on the Street's consensus price target. Another Wall Street favorite is NextEra Energy , which has potential upside of more than 26%. Other companies leading the market's comeback are packaging company Sealed Air , discount retailer Dollar Tree and newspaper publisher News Corp .

Persons: Stocks, Wells Fargo, Wells, Steven Cahall, Brent Thill, —, Terrell Kirk Crews Organizations: Nasdaq, Dow Jones, CNBC, Warner Bros, Discovery, Jefferies, UBS, Amazon Web Services, American, International, NextEra Energy, News Corp Locations: Florida

☆ There's a once-in-a-decade opportunity in a sector that pays high dividends. Morningstar's chief strategist shares 5 stocks trading at discounts not seen since 2009.
▼ + stars: | 2023-11-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

The best opportunities today are in value stocks, meaning names trading at about a 22% discount to fair value, he said. Morningstar estimates fair value based on its projection of a company's future cash flows and the predictability of those flows. In fact, year-to-date, many utilities stocks have fallen by more than even long-dated bonds. What's great about utilities stocks is that they are very steady because demand for electricity is inelastic. It's a five-star-rated stock trading at a 23% discount to fair value and has about a 4.58% dividend yield.

Persons: Dave Sekera, Sekera, Travis Miller, It's Organizations: Stocks, Morningstar, Treasuries, NextEra Energy, Duke Energy, Electric Power Company Locations: AEP

TOKYO (AP) — The tsunami-damaged Fukushima Daiichi nuclear power plant began its third release of treated and diluted radioactive wastewater into the sea Thursday after Japanese officials said the two earlier releases ended smoothly. The plant operator discharged 7,800 tons of treated water in each of the first two batches and plans to release the same amount in the current batch through Nov. 20. The plant began the first wastewater release in August and will continue to do so for decades. About 1.34 million tons of radioactive wastewater is stored in about 1,000 tanks at the plant. China immediately banned all imports of Japanese seafood, badly hurting Japanese seafood producers and exporters.

Organizations: TOKYO, Tokyo Electric Power Company Holdings, TEPCO, Health, International Atomic Energy Agency, IAEA Locations: Japan, South Korea, China, Asia, asia

“After China's ban on Japanese seafood, we are seeing more customers buying not only Fukushima fish but also Japanese seafood in general to support the industry." Despite the wastewater discharges, auction prices at Fukushima fish markets have remained stable — or even occasionally higher than normal. While individual consumers favor ordering fish by mail and shopping at seafood markets, prefectural government cafeterias have started serving Fukushima seafood for lunch. In Kyoto, a group of world-renowned Japanese “Kaiseki” cuisine chefs, will develop menus that primarily use Fukushima fish starting early next year. “I wish I could sell more local fish,” Haga said.

Persons: Kazuto Harada, “, ”, “ I'm, it’s, Futoshi Kinoshita, Katsuya Goto, ” Goto, Yoshinori Tanaka, ” Tanaka, Haga, ” Haga Organizations: —, International Atomic Energy Agency, IAEA, Tokyo Electric Power Company, United States Embassy, TEPCO, Tokyo Metropolitan Government, Japanese Culinary Academy Locations: IWAKI, Japan, Onahama, Fukushima, Ibaraki, Tokyo, South Korea, Beijing, China, Kyoto, Toriyone, Asia, asia

TOKYO (AP) — Two workers at the tsunami-wrecked Fukushima Daiichi nuclear power plant were hospitalized after accidentally getting sprayed with liquid laced with radioactive materials, officials said Thursday. The incident occurred on Wednesday when a group of workers was cleaning the piping at the Advanced Liquid Processing System. The ALPS is a wastewater filtering facility that is key to the treatment of the radioactive wastewater that accumulates on the plant and its ongoing discharge into the sea. Four workers were cleaning the piping when a drainage hose suddenly came off. Political Cartoons View All 1220 ImagesTEPCO began the controversial wastewater discharges on Aug. 24 from Fukushima Daiichi, which suffered triple meltdowns following the 2011 quake and tsunami.

Persons: Junichi Matsumoto Organizations: TOKYO, Tokyo Electric Power Company Holdings, TEPCO Locations: Fukushima, China

ONJUKU, Japan (AP) — Scientists from the U.N. nuclear agency watched Friday as Japanese lab workers prepared samples of fish collected at a seafood market near the Fukushima nuclear plant to test the safety of treated radioactive wastewater released from the damaged plant into the sea. On Friday, a team from the International Atomic Energy Agency watched as fish samples were prepared at the Marine Ecology Research Institute in the coastal town of Onjuku near Tokyo. During Friday's lab visit, technicians prepared samples for the measurement of tritium, which cannot be removed from the wastewater by the treatment equipment at the Fukushima plant. Other lab workers packed processed fish samples for measuring Cesium, which experts say is important to monitor because it tends to stay in fish muscles. The Oct. 16-23 sampling work will be followed by a separate IAEA task force that will review the safety of the water discharge.

Persons: ”, Iolanda Osvath, searobin, Paul McGinnity Organizations: —, Tokyo Electric Power Company Holdings, International Atomic Energy Agency, Marine Ecology Research, IAEA, TEPCO Locations: ONJUKU, Japan, China, Russia, Onjuku, Tokyo, South Korea, Canada

☆ UAE and South Korea complete talks for bilateral trade deal
▼ + stars: | 2023-10-14 | by ( Rachna Uppal | ) www.reuters.com time to read: +2 min

Trade and investment ties between the Gulf state and South Korea have been steadily advancing; in the first half of 2023, bilateral non-oil trade reached $3 billion, similar to the same period last year, but up 21% over 2021, a statement said. South Korea was one of the first countries with which the Gulf state launched talks for a CEPA in 2021. Three months later however, the Asian state revived dormant Free Trade Agreement (FTA) talks with the six-member Gulf Cooperation Council bloc, of which the UAE is a member. "We resumed talks with Korea earlier this year as we were both keen to conclude a deal and advance our respective economic agendas," Thani Al Zeyoudi, UAE minister of foreign trade, told Reuters, adding the GCC FTA talks remained ongoing. It has said it does not mix politics with trade, when asked whether the Israel-Gaza conflict would have an impact on the Gulf state's trade deal with Israel.

Persons: Yeo Han, koo, Zeyoudi, Rachna Uppal, Sharon Singleton Organizations: South Korean Trade, United Arab Emirates Minister, State for Foreign Trade, United Arab, . Trade, Korea Electric Power Corporation, Gulf Cooperation Council, Reuters, Israel, Thomson Locations: State for Foreign Trade Thani, Dubai, United Arab Emirates, DUBAI, South Korea, Gulf, Abu Dhabi, Korea, UAE, Thani, Zeyoudi, Israel, Turkey, India, Indonesia, Gaza

☆ Tepco starts releasing second batch of treated radioactive water from Fukushima nuclear plant
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

[1/3] An aerial view shows the Fukushima Daiichi nuclear power plant, which started releasing treated radioactive water into the Pacific Ocean, in Okuma town, Fukushima prefecture, Japan August 24, 2023, in this photo taken by Kyodo. Kyodo/via REUTERS/File Photo Acquire Licensing RightsTOKYO, Oct 5 (Reuters) - Tokyo Electric Power Company (9501.T) (Tepco) started releasing more treated radioactive water from the wrecked Fukushima Daiichi Nuclear Power Plant on Thursday morning, continuing a move that has caused tensions between China and Japan. Junichi Matsumoto, who is overseeing the water release at Tepco, said on Wednesday during a news conference that Tepco had received more than 6,000 calls from abroad between August 24-27. Japan started the water discharge in August in a key step towards decommissioning the Fukushima plant, which suffered meltdowns after being hit by a tsunami in 2011 in the world's worst nuclear plant disaster since Chernobyl 25 years earlier. Japan says the water is treated to remove most radioactive elements except tritium, a hydrogen isotope that must be diluted because it is difficult to filter.

Persons: Junichi Matsumoto, Matsumoto, Sakura Murakami, Gerry Doyle Organizations: Kyodo, Rights, Tokyo Electric Power Company, United Nations, Tepco, Japan, Thomson Locations: Okuma, Fukushima prefecture, Japan, China

☆ Beware these debt-laden stocks breaking down under the weight of higher rates
▼ + stars: | 2023-10-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +7 min

Stocks have sold off as Wall Street accepted that the Federal Reserve might keep interest rates higher for longer to crush inflation. Corporate debt refinancings are going to start hitting profits more urgently starting in 2024, according to Wolfe Research chief investment strategist Chris Senyek. "[T]hat higher interest expense is likely to create a $5-$7/share headwind for S & P 500 operating EPS in 2024," Senyek said. Stocks have sold off as Wall Street accepted that the Federal Reserve might keep interest rates higher for longer to crush inflation. "[T]hat higher interest expense is likely to create a $5-$7/share headwind for S&P 500 operating EPS in 2024," Senyek said.

Persons: Stocks, Chris Senyek, —, Senyek, LSEG, RC Willey, George Frey, BAX Baxter, Lockheed Martin, Kellogg Organizations: Labor Department, Wall, Federal Reserve, Wolfe Research, CNBC, General Motors, United Auto Workers, GM, Whirlpool, Kellogg, RC, Bloomberg, Getty, Equity, Lockheed, AEP American Electric Power, Dominion Energy, Motors, Duke Energy, VZ Verizon Communications, Nasdaq, Stock Screener, Whirlpool Corp Locations: Draper , Utah

TOKYO (AP) — Japan's wrecked Fukushima nuclear power plant said it began releasing a second batch of treated radioactive wastewater into the sea on Thursday after the first round of discharges ended smoothly. The plant's first wastewater release began Aug. 24 and ended Sept. 11. During that release, TEPCO said it discharged 7,800 tons of treated water from 10 tanks. In the second discharge, TEPCO plans to release another 7,800 tons of treated water into the Pacific Ocean over 17 days. About 1.34 million tons of radioactive wastewater is stored in about 1,000 tanks at the plant.

Persons: — Japan's, Ichiro Miyashita Organizations: TOKYO, Tokyo Electric Power Company Holdings, TEPCO, Agriculture, International Atomic Energy Agency Locations: South Korea, China, Fukushima, Malaysia

The Fukushima Daiichi plant began discharging the treated and diluted wastewater into the Pacific Ocean on Aug. 24. During the 17-day first release, the plant's operator, Tokyo Electric Power Company Holdings, said it discharged 7,800 tons of treated water from 10 tanks. About 1.34 million tons of radioactive wastewater is stored in about 1,000 tanks at the plant. The radioactive wastewater has accumulated since three of the plant's reactors were damaged by the 2011 earthquake and tsunami. TEPCO plans to release 31,200 tons of treated water through March 2024, and officials say the pace will pick up later.

Persons: Fumio Kishida, Teruaki Kobashi Organizations: TOKYO, Tokyo Electric Power Company Holdings, TEPCO, International Atomic Energy Agency, Japan, Korea Institute of Nuclear, IAEA, South Korean Locations: Fukushima, China, South Korea, Japan

TOKYO (AP) — Fishermen and residents of Fukushima and five other prefectures along Japan’s northeastern coast filed a lawsuit Friday demanding a halt to the ongoing release of treated radioactive wastewater from the wrecked Fukushima nuclear plant into the sea. Three reactors at the Fukushima Daiichi nuclear plant melted after a magnitude 9.0 earthquake and tsunami in 2011 destroyed its cooling systems. “The intentional release to the sea is an intentional harmful act that adds to the (nuclear plant) accident," said another lawyer, Hiroyuki Kawai. He said the ocean is a public resource and it is unethical for a company to discharge wastewater into it. China banned all imports of Japanese seafood in response to the release, while Hong Kong and Macau suspended imports from 10 prefectures including Fukushima.

Persons: Kenjiro Kitamura, Hiroyuki Kawai, Fumio, Kishida Organizations: TOKYO, —, Tokyo Electric Power Company Holdings, Nuclear, Authority, TEPCO, International Atomic Energy Agency, Groups Locations: Fukushima, Tokyo, China, Hong Kong, Macau, South Korea, Indonesia

☆ Japan says seawater radioactivity below limits near Fukushima
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view of the Fukushima Daiichi nuclear power plant after it started releasing treated radioactive water into the Pacific Ocean, seen from the nearby Ukedo fishing port in Namie town, Fukushima Prefecture, Japan, Aug. 25, 2023. REUTERS/Tom Bateman/File Photo Acquire Licensing RightsCompanies Tokyo Electric Power Company Holdings Inc FollowTOKYO, Aug 27 (Reuters) - Japan's environment ministry on Sunday said tests of seawater near the Fukushima nuclear power plant did not detect any radioactivity, days after the discharge of treated water that had been used to cool nuclear reactors. The east-Asian nation on Thursday started releasing water from the wrecked Fukushima plant into the Pacific Ocean, sparking protests within Japan and neighbouring countries and prompting China to ban aquatic product imports from Japan. It said the seawater "would have no adverse impact on human health and the environment". Japan's fisheries agency on Saturday said tests of fish in waters around the plant did not detect tritium.

Persons: Tom Bateman, Kaori Kaneko, Christopher Cushing Organizations: REUTERS, Rights Companies Tokyo Electric Power Company Holdings, Reuters, Tokyo Electric Power Co, Tepco, Thomson Locations: Fukushima, Fukushima Prefecture, Japan, China

Even as the import ban kicked in, tables were filled at Japanese restaurant Fumi in Hong Kong on August 24, 2023. Kathleen Magramo/CNNHours before China’s announcement, the Asian financial center of Hong Kong – a semi-autonomous Chinese city – imposed its own ban on aquatic product imports from 10 Japanese regions including Tokyo and Fukushima. Japanese Prime Minister Fumio Kishida has reportedly “strongly” requested via diplomatic channels that China “immediately overturn” the ban. Still, Fei too thought that the bans from China and Hong Kong would have limited impact on Japanese trade. Consequently, even considering the reputational damage for Japanese seafood products, Japan’s overall exports will not be materially undermined,” Fei said.

Persons: “ It’s, ”, Thomason Ng, Fumi’s, “, Kathleen Magramo, Japan’s, Masanobu Sakamoto, Fumio Kishida, ” Sakamoto, –, Nigel Marks, there’s, CNN “ It’s, ” Marks, David Krofcheck, ” Krofcheck, Stefan Angrick, Angrick, That’s, China “, Fei Xue, Fei, ” Fei, restaurateurs, Hong Kong’s, Cara Man, we’ll Organizations: CNN, Hong Kong’s, East China, Fisherman’s Cooperative Association, ” “ Fishermen, Japanese, Tokyo Electric Power Company, TEPCO, Curtin University, University of Auckland, World Health Organization, Moody’s, Economist Intelligence Unit, “ Seafood Locations: Hong, Hong Kong’s Central, Fumi, Asia, Japan, China, Fukushima, Hong Kong, Tokyo, Weibo, East, Beijing, Australia, Ocean, South Korea, Taiwan, New Zealand, Japanese, Central, Japan’s Hokkaido, Kyushu, Kagoshima, Norway, Canada

☆ Explainer: More nuclear challenges await Japan after Fukushima water release
▼ + stars: | 2023-08-24 | by ( Kiyoshi Takenaka | ) www.reuters.com time to read: +4 min

[1/2] Activists attend a protest against Japan's plan to release treated wastewater from the Fukushima nuclear power plant into the ocean, at the national assembly in Seoul, South Korea, August 24, 2023. MOLTEN FUEL REMOVALTepco has described the effort to remove highly radioactive fuel debris from reactor cores as an "unprecedented and difficult challenge never attempted anywhere in the world". That was the worst nuclear plant accident before the 1986 Chornobyl tragedy in Ukraine, then part of the Soviet Union. About 12.1 trillion yen had been spent on such activities by March 2022, Japan's audit panel, which reviews government expenditures, has said. That represents an expenditure of more than half of the government's estimate, even before really tough tasks such as fuel debris retrieval have begun, in turns raising concerns about cost overruns.

Persons: Kim Hong, Kiyoshi Takenaka, Katya Golubkova, Clarence Fernandez Organizations: REUTERS, Rights, Tokyo Electric Power Co, Tepco, U.S, Japan, Japan Center for Economic Research, Thomson Locations: Seoul, South Korea, Japan, Pennsylvania, Ukraine, Soviet Union, Fukushima

☆ Japan released treated wastewater from the Fukushima nuclear disaster into the ocean. Experts say it's safe, but one would avoid the fish.
▼ + stars: | 2023-08-24 | by ( Rupendra Brahambhatt | ) www.businessinsider.com time to read: +8 min

Japan said it plans to release 1 million metric tons of treated radioactive water into the Pacific. Nuclear experts said the discharge is safe but one said he'd avoid eating fish near Fukushima. The water is from its Fukushima nuclear power plant that, in 2011, underwent a meltdown and is considered one of the biggest nuclear tragedies in history. AdvertisementAdvertisementAfter the 2011 disaster, the radioactive water leaked into the plant's basements where it was collected and later stored in tanks. Why treated radioactive water is 'quite safe'This isn't the first time humans have released water from nuclear plants into a larger body of water.

Persons: Rafael Mariano Grossi, Kathryn Higley, Aldo Bonasera, Higley, Wang Wenbin, Wenbin, there's, JUNG YEON, Bonasera Organizations: Service, Electric Power Co, REUTERS, Kyodo, TEPCO, Tokyo Electric Power, Oregon State University, Texas, Power, Getty, World Health Organization, Greenpeace Locations: Japan, Fukushima, China, Hong Kong, Russia, South Korea, Fish, Seoul, California, Coast

☆ China suspends all seafood imports from Japan after treated radioactive water is released from Fukushima
▼ + stars: | 2023-08-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

China on Thursday suspended the import of all aquatic products from Japan, including edible seafood, hours after its neighbor started releasing treated radioactive water from the stricken Fukushima nuclear power plant. Seafood imports from Japan include red sea bream, scallops, and mackerel, according to Japan's Ministry of Agriculture, Forestry and Fisheries. The discharge of the treated water was expected to start after 1 p.m. Toyko time, according to media reports citing state owned electricity firm TEPCO. The IAEA will have a presence on site "for as long as the treated water is released, in line with Director General Grossi's commitment for the IAEA to engage with Japan on the discharge of ALPS treated water before, during, and after the treated water discharges occur." ALPS refers to the Advanced Liquid Processing System that at Fukushima, which removes radioactive material from the wastewater before it is released.

Organizations: Tokyo Electric Power Company, Japan's Ministry of Agriculture, Forestry, Fisheries, TEPCO, International Atomic Energy Agency, IAEA, Japan's Embassy Locations: Tokyo, China, Japan, Fukushima, London

☆ Fukushima nuclear plant begins releasing treated radioactive wastewater into the sea
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: +3 min

Protesters hold signs reading "Don't throw radioactive contaminated water into the sea!" The operator of the tsunami-wrecked Fukushima Daiichi nuclear power plant says it has begun releasing its first batch of treated radioactive water into the Pacific Ocean. But the Japanese government and TEPCO say the water must be released to make room for the plant's decommissioning and to prevent accidental leaks. The water release begins more than 12 years after the March 2011 nuclear meltdowns, caused by a massive earthquake and tsunami. TEPCO executive Junichi Matsumoto said Thursday's release was to begin with the least radioactive water to ensure safety.

Persons: Fumio Kishida, Junichi Matsumoto, Matsumoto Organizations: Tokyo Electric Power Company, Tokyo Electric Power Company Holdings, TEPCO, Fisheries Agency Locations: Tokyo, China, South Korea, Fukushima

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