Many Americans make the wrong choice when claiming Social Security benefits, with only 10.2% doing so at the right time. Waiting until age 70 is the best option for most retirees, as delaying can result in a median loss of $182,370 for those who claim early. To avoid this issue, save enough in retirement accounts to support yourself until 70. By investing wisely and maximizing benefits, you can secure a more substantial income in retirement. Additionally, little-known “Social Security secrets” could potentially increase your annual income by $23,760 if utilized correctly. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by over 500 points due to concerns about rising inflation and interest rates.

2. A new study released by the CDC shows that the effectiveness of the flu vaccine this season is only 10%, making it one of the least effective in recent years.

3. The city of Los Angeles has announced a plan to invest $1 billion in affordable housing over the next few years in an effort to combat the homelessness crisis in the city.

4. The FDA has approved a new drug for the treatment of Alzheimer’s disease, making it the first new drug to be approved for the condition in nearly 20 years.

Read more at 1. Tesla’s stock price hits new high after announcing record vehicle deliveries for the second quarter. – CNBC

2. Amazon faces antitrust investigation by the European Union over its use of data from third-party sellers. – Wall Street Journal

3. Facebook’s revenue jumps 56% in the second quarter, surpassing analyst expectations. – Reuters

4. Apple unveils new iPhone with improved camera and faster processor at virtual product launch event. – Barchart

5. Google announces plans to invest $10 billion in India to accelerate digital economy growth. – CBS MarketWatch: Most Americans Claim Social Security at the Wrong Age — Are You One of Them?