| Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Volatility traders haven't been this sure of a stock market shock in almost two years. These investors buy and sell options on the CBOE Volatility Index, or VIX, as they predict swings (or a lack thereof) in the S&P 500. The VIX typically spikes when stocks decline quickly and falls in a steadily rising market. And right now traders are not betting that things will stay quiet. The cost of bets on a quiet market — used either as hedges by traders who expect volatility or as directional wagers that prices won't swing around too much — is lower than it has been at any point since October 2015, relative to the cost of a bet on an increase in the volatility measure. In other words, volatility traders have taken the restrictor plates off their bullish VIX bet and are fully embracing the idea of a stock market shock. The Dow Jones industrial average has crossed the 22,000 level for the first time, thrust by Apple's rally after its earnings outperformance. Here's what you need to know about Apple: In finance news, a $10 billion hedge fund investor is backing a new launch, and a "ruthless" 26-year-old investor is raising $200 million to bet against the stock market. Banking jobs "will completely change," according to UBS chief operating officer Axel Lehmann. European fintechs are "valued too highly" and consolidation is coming, according to a tech banker. And Oxford University is getting into fintech. Elsewhere in company news: Ferrari's CEO had a hilarious exchange with a Wall Street analyst about SUV rumors. The Lexus LC 500h takes luxury hybrid tech to a new level. Lastly, take a rare look at the enormous mansions hidden behind the Hamptons' famously high hedges. | 
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