A single massive options trade fueled a 2% positive reversal in the S&P 500 on Wednesday, says Wells Fargo

Spencer Platt/Getty Images Wednesday’s 2% reversal in the S&P 500 could have been sparked by a massive options trade, according to Wells Fargo.The firm said the options trade was worth $31 million and is a bet that stocks will rally into year-end.Despite Wednesday’s rally, the bank believes the stock market needs to see more volatility…

Elizabeth Warren reintroduces a bill to allow student-loan borrowers ‘in deep financial trouble’ to get rid of their debt in court

Sen. Elizabeth Warren. Evelyn Hockstein-Pool/Getty Image Warren and Nadler reintroduced a bill to reform the bankruptcy system for student-loan borrowers. It would simplify the process for borrowers to get rid of the debt with approval from a judge. Borrowers currently have to prove a very strict standard to discharge their debt in court. Two Democratic…

What options does the FAFSA have for non-English speakers and eligible noncitizens?

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. The FAFSA is also available in Spanish. Ariel Skelley/Getty Images The FAFSA…

A coming recession won’t be as bad as 2008 if the Fed can avoid further policy mistakes, Mohamed El-Erian says

Getty Images A potential recession wouldn’t be as bad as 2008, Mohamed El-Erian said Thursday. However, the Fed needs to avoid making any further policy errors, the economist said.  The biggest mistake the Fed can make now is stop hiking rates too soon, El-Erian added.  Any recession on the horizon wouldn’t be as severe as…

Elon Musk’s ex-wife is reportedly the mysterious phone contact ‘TJ’ who texted him about fighting ‘woke-ism’ at Twitter, and called the banning of a conservative satire site ‘crazy’

Elon Musk and Talulah Riley attend The Huffington Post pre-inaugural ball at the Newseum on January 19, 2009 in Washington, DC. Paul Morigi/WireImage/Getty Images Recently revealed texts from Elon Musk included conversations with a contact ‘TJ.’ The texts were from Elon Musk’s ex-wife, Talulah Jane Riley, Bloomberg reported. In the weeks before his Twitter offer,…