Blackstone announced Tuesday it will acquire sandwich chain Jersey Mike’s Subs. The asset management firm said the majority ownership stake will be purchased by its “most recent flagship private equity vehicle” and other funds it manages. Blackstone aims to complete the purchase early next year. Reuters reported that the deal values the company at around

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It may be time to scoop up commodities, as higher inflation potentially looms under a Trump administration and the out-of-favor asset class underperforms stocks for a second year. The Bloomberg Commodity Index, a leading gauge, is down 2% this year against the 25% gain in the S&P 500 index. That comes after a 13% drop