Welcome to the Money blog, Sky News' consumer and personal finance hub. Today: Ofgem has announced a 7% drop in the energy price cap from July - and the US president had something to say about it.

Walmart is expected to lay off around 1,500 employees from its global technology and in-house advertising teams, reports say.

Marc Jacobs' "Bark Jacobs" collection allowed customers to purchase a leather bag with a hand-painted portrait of their dog on the side.