Day: August 12, 2025

MASSIVE TRAIN DERAILMENT IN TEXAS. Thick smoke is pouring into the sky after 35 Union Pacific freight cars derailed east of Gordon in Palo Pinto County, sparking a fast-moving grass fire. 
Firefighters are working to contain the blaze while investigators determine if hazardous materials are involved. No injuries have been reported.

#news #texas #trainderailment #train #oan

The White House today highlighted July’s inflation numbers, which came in better than economists predicted. The Bureau of Labor Statistics reported a 2.7% inflation rate for July, just under the expected 2.8%. While core inflation—excluding food and energy—rose slightly due to higher service costs, overall inflation remains stable, averaging 1.9% annually in the first half of the year.

Energy prices continued to decline, and shelter inflation hit its lowest point since October 2021. Wage growth outpaced inflation, with real wages rising 1.3% year-over-year. Meanwhile, small business optimism reached a five-month high.

Financial expert Tony Drake of Drake and Associates joins Alicia Summers to weigh in on factors cooling inflation, ongoing price increases in services, what’s driving small business optimism, and the prospects for a Federal Reserve interest rate cut.

Join this channel to get access to OAN Live & perks:
https://www.youtube.com/channel/UCNbIDJNNgaRrXOD7VllIMRQ/join

Visit us On
OAN Live : https://live.oann.com/home.ktv
Website: https://www.oann.com
Facebook: https://www.facebook.com/OneAmericaNewsNetwork
Twitter: https://twitter.com/OANN
Instagram: https://www.instagram.com/one_america_news_

KlowdTV:
Watch OAN Live on KlowdTV subscription prices start at $2.99 /mo
https://klowdtv.com