As we continue to improve SharePoint, we're updating two more list types. Links and Announcement lists now have improved page performance, responsiveness and accessibility, just like your other lists.
Updated look and feel for SharePoint Announcements List
Last year, we introduced two new web parts -- Quick Links and News. These provide even more capabilities to share dynamic information about related sites and team updates on any page to any device on a SharePoint site. For most scenarios, we recommend the use of Quick Links and News.
Today's announcement is not intended to replace Quick Links or News but rather to give users of those lists a more consistent experience with the rest of SharePoint.
Links and Announcement lists are not supported by the Lists web part. If you need to add links or updates in a web part on a modern SharePoint page, we recommend the Quick Links and News web parts.