The U.S. dollar has reached a 14-year high following Donald Trump’s election win combined with the Federal Reserve raising interest rates for the second time in a decade. And while a strong dollar shows optimism for the U.S. economy, there is also a downside to the dollar’s strength. Surprisingly, Mr. Trump’s promises to strengthen the dollar and U.S. manufacturing may be at odds with each other. How can a strong dollar hurt the country’s manufacturing?

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PANASONIC TO INVEST OVER $256 MILLION IN TESLA’S BUFFALO PLANT FOR SOLAR CELLS

Panasonic will invest more than $256 million in a New York production facility of Elon Musk's Tesla Motors to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies. Japan's Panasonic, which has been retreating from low-margin consumer electronics to focus more on automotive components and other businesses targeting corporate clients, will make the investment in Tesla's factory in Buffalo, New York.

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DELTA AIRLINES SCRAPS BOEING DREAMLINER ORDER INHERITED THROUGH NORTHWEST AIRLINES MERGER

Delta Air Lines Inc. scrapped an order for 18 Boeing Co. widebody Dreamliner jets valued at $4 billion at list prices, a commitment that was inherited with the company’s 2008 merger with Northwest Airlines. Atlanta-based Delta reached an agreement with Boeing on the cancellation, without disclosing terms, according to a statement from the carrier Tuesday. The airline is sticking with orders already in progress for 120 narrowbody Boeing 737-900ERs. The 787-8 Dreamliners had been on Delta’s order book since the Northwest Airlines deal.

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Closing Bell

– Tuesday, December 27th

Markets Close Slightly Higher Behind Tech

Big Insider Trades

– Facebook, Inc. (FB) COO Sheryl Sandberg Sells $12.8m

-Six Flags Entertainment Corp. (SIX) CEO John Duffey Buys $1.5m