The deal highlights the luxury industry’s rapid expansion into the experience economy as wealthy consumers increase spending on travel, dining and events.

CNBC’s Robert Frank joins ‘Squawk on the Street’ to discuss a new investment from LVMH in private jet company Flexjet.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.

The controversy triggered $2.4 million in total trading volumes on Kalshi, marking one of the most traded cultural events on prediction markets.