Recession drumbeat grows across corporate America

Some of the largest American banks are already sounding alarm bells on the economy

United Airlines flagged plateauing demand, indicating 'pre-recessionary behaviour'

Corporate America is starting to feel the chill of a looming recession as top executives from companies such as JPMorgan Chase, retailing giant Walmart, and United Airlines paint a grim economic picture for the coming year.

A survey by the Business Roundtable of top US CEOs this week showed companies were planning to slow down hiring and capital investments for the next six months as borrowing costs rise sharply.