what does function ($) mean in javascript code example

Example: what does -= mean in JavaScript

/* JavaScript shorthand -=
-= is shorthand to subtract something from a
variable and store the result as that same variable.
*/

// The standard syntax:
var myVar = 5; 
console.log(myVar) // 5
var myVar = myVar - 3;
console.log(myVar) // 2

// The shorthand:
var myVar = 5;
console.log(myVar) // 5
var myVar -= 3;
console.log(myVar) // 2

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