Stocks Waver as China Tension Rises

Catch up: Here’s what else is happening.

• General Motors said on Friday that it was delaying plans to add second shifts next week at three pickup truck plants — in Flint, Mich., Ft. Wayne, Ind., and Silao, Mexico — because production in Mexico was resuming at a slower pace than in the United States. The company restarted its U.S. plants on Monday, and is still planning to add a second shift at a sport-utility vehicle plant near Lansing, Mich. next week as scheduled. It restarted engine and transmission plants in Mexico on Thursday evening, and vehicle assembly plants in Mexico on Friday.

Reporting was contributed by Julie Creswell, David Yaffe-Bellany, Stanley Kramer, Neal E. Boudette, Karen Weise, Niraj Chokshi, Raymond Zhong, David Segal, Mary Williams Walsh, Paul Mozur, Jason Karaian, Mohammed Hadi, Kate Conger, Sapna Maheshwari, Carlos Tejada, Daniel Victor and Kevin Granville.

Article source: https://www.nytimes.com/2020/05/22/business/stock-market-live-coronavirus.html