You can add headings images, and make simple changes to text formatting directly in this editor.
If you want more control over the vertical or columnar spacing and stacking of headings, images, and text, use separate Heading and Photo modules. If you want text to wrap around an image, then add the image to the Text Editor module.
You can style your text using either the toolbar on this text editor or the Style tab. If you want to style specific parts of the text, use the toolbar above the editor. You can expose the second row of the toolbar by clicking the rightmost icon in the first row:
The Style tab has a variety of settings that apply to all of the text in the module, such as text color and a Typography section, which gives you many choices not available in the text editor, starting with font family.