BusinessPersonal Finance

EssilorLuxottica Stock Jumps as Quarterly Revenue Growth Exceeds Expectations

The Franco-Italian eyewear giant EssilorLuxottica saw its stock price climb significantly following an impressive third-quarter earnings report. Revenue accelerated beyond analyst projections, reaching €6.87 billion with 12% organic growth. This performance represents the company’s strongest quarterly result since its formation in 2018.

Eyewear Giant Exceeds Market Expectations

Shares of EssilorLuxottica experienced significant gains after the company reported quarterly revenue that surpassed analyst forecasts, according to reports. The Franco-Italian eyewear manufacturer, known for brands including Ray-Ban, posted a 12% increase in third-quarter revenue when excluding currency movements, reaching €6.87 billion ($8.03 billion). Sources indicate this represents the company’s strongest quarterly performance since the group’s creation in 2018.

ComputingSoftware Guides

Microsoft Phases Out Legacy PowerShell 2.0 in Windows 11 Updates to Enhance Security

Microsoft is eliminating PowerShell 2.0 from Windows 11 as part of ongoing security enhancements and legacy code cleanup efforts. The deprecated command-line tool, which dates back to 2009, reportedly poses potential security risks while offering minimal functionality for modern users. Analysts suggest most Windows users won’t notice the change due to backward compatibility with newer PowerShell versions.

Windows 11 Removes Outdated PowerShell Version

Microsoft is continuing its efforts to modernize the Windows ecosystem by removing PowerShell 2.0 from Windows 11, according to recent reports. The deprecated command-line tool, which originally shipped with Windows 7 in 2009, is being phased out in the latest Windows updates as part of broader security improvements and legacy code reduction initiatives.

Assistive TechnologyPolicy

Harris Acknowledges White House EV Summit Oversight of Musk as Misstep, Questions Policy Priorities

Kamala Harris has publicly characterized the White House’s 2021 electric vehicle summit that excluded Tesla CEO Elon Musk as a significant error. The Vice President also expressed concerns about the administration’s prioritization of infrastructure over immediate household needs in recent comments at the Fortune Most Powerful Women Summit.

White House EV Event Exclusion Draws Criticism

Vice President Kamala Harris has publicly described the decision to exclude Tesla CEO Elon Musk from a 2021 White House electric vehicle event as a “big mistake,” according to her remarks at the Fortune Most Powerful Women Summit in Washington, D.C. The event, hosted by President Joe Biden, featured executives from traditional automakers General Motors, Ford, and Stellantis but notably omitted representation from Tesla, despite the company’s exclusive focus on electric vehicle production.

Assistive TechnologyEnergy

Urban Streetlights Double as EV Charging Stations in Equity-Focused Initiative

Streetlights are being reimagined as electric vehicle charging stations in a groundbreaking initiative led by Penn State researchers. The project focuses on bringing equitable charging access to urban residents who lack private parking options. Early results show significant environmental benefits and faster charging speeds compared to traditional stations.

Streetlights Transformed into EV Charging Infrastructure

Urban streetlights are serving dual purposes as electric vehicle charging stations in an innovative approach to addressing charging infrastructure gaps, according to reports from Penn State researchers. The team has developed a scalable framework that converts existing street lighting into accessible charging points, particularly benefiting apartment dwellers and residents without private parking.

BusinessRetailers

Starbucks to Phase Out Mobile Pickup Stores in Strategic Brand Shift

Starbucks is reportedly planning to eliminate its mobile-only pickup store format by 2026, according to recent earnings call discussions. The move represents a significant strategic shift for the coffee giant as it emphasizes human connection over transactional efficiency. Industry analysts suggest this creates new opportunities for competitors in the rapidly evolving coffee market.

Starbucks Reimagines Store Strategy

Starbucks is reportedly planning to phase out its mobile-order pickup-only locations beginning in 2026, according to recent company announcements. The decision marks a significant strategic shift for the global coffee chain, which had previously invested in the streamlined format designed for speed and convenience. Sources indicate the company will instead focus on enhancing its traditional coffeehouse experience across its global footprint.