There is an order option in the More Settings tab.
As for a featured post – that’s do-able in the Columns tab.
If you want to do it a little differently, you can create 2 lists.
First list would display your 1 latest post (featured).
Second list would display the rest of the posts, you’d just need to set the offset value to 1 in the More Settings tab.
Hope this helps 🙂