what does **2 mean in JS code example

Example 1: ~~ in javascript

~~'-1' = -1
~~true = 1
~~false = 0
~~5.6 = 5

Example 2: 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