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.

Facing growing pressure from global battery shortages, Tesla has unveiled a surprising new strategy to secure its supply chain. Discover how an unexpected decision is reshaping the EV giant’s future ...

After just a few years of occupying a space in Kakaako's Ward Village, Longs Drugs is suddenly closing its sole store in the area citing market dynamics.