Business

South African Charl Schwartzel won the inaugural individual stroke-play competition of the inaugural Saudi Arabian-backed LIV Golf Invitational Series, which took place on Saturday. Schwartzel won $4 million for the three-round, 54-hole event at the Centurion Golf Club outside London. He shot 7-under, finishing one stroke clear of Hennie du Plessis. Schwartzel's four-man team, Stinger GC, also won the team competition by 14 shots over Crushers GC and will split the $3 million prize. The 2011 Masters champion combined payday for winning both individual and team contests is $4.75 million. Phil Mickelson finished in 34th place on 10 over in the 48 player field. Dustin Johnson placed eighth, and ended up on 1 under after this tournament. Fronted by former world No. 1 Greg Norman, the LIV Go...

The price of Tesla shares is about to decrease by three times. The company recently announced that it approved a 3-for-1 stock split. The shelved split would need to get reviewed and cleared by shareholders in the company's annual meeting in August. Tesla (TSLA) shut Friday at somewhat more than $696 per share. In the event that the split were to happen today, its shares would be valued at $232 an offer.   You can definitely relax, Tesla investors (which is essentially everybody with a retirement account, nowadays) - - your stakes will in any case merit something very similar. You'll hold multiple times more offers no matter what.   Organizations split their stocks for various reasons: Splits can put their stock inside the scope of more modest, individual financ...